Sanctions Compliance Specialist (SCS)

This program will help you discover the international standards and best practices in fighting financial crime. Understand and analyse the evolution of money and financial technologies. Prepare an intelligent due diligence and investigation process employing the most advanced techniques and technologies in Fintech.

The U.S. Foreign Account Tax Compliance Act requires financial institutions (Such as Banks,Brokerage firms,Financial Investment entities,and specified insurance companies) in other countries to report to the IRS information about financial accounts held by U.S. taxpayers. Non-U.S. financial institutions (known as Foreign Financial Institutions - FFIs) are required to report the U.S. persons' account information directly to the IRS or their competent local authority if the country has an Intergovernmental Agreement (IGA) with the IRS. This program will help you understand FATCA & CRS and how exactly to implement their requirements,including Registration, Documentation, Due diligence, Implementation and reporting.

Our study guide teaches the scope of compliance with regulator instructions according to the laws and regulations of various countries. It also dives into the compliance department’s relationship to other departments within an institution — like the legal department and the internal audit department — and how to handle large quantities of local and international regulations to determine compliance responsibility. Lastly, our guide explores the compliance testing and examinations process and how it differs from an internal audit review while helping you implement a risk-based compliance approach and determine the inherited and residual risk of each regulation and how to report violations.