BEST PRACTICES TO IMPLEMENT A SANCTION S COMPLIANCE PROGRAM IN INTERNATIONAL BANKING is popular PDF and ePub book, written by Marcos Tinedo in 2020-07-17, it is a fantastic choice for those who relish reading online the Law genre. Let's immerse ourselves in this engaging Law book by exploring the summary and details provided below. Remember, BEST PRACTICES TO IMPLEMENT A SANCTION S COMPLIANCE PROGRAM IN INTERNATIONAL BANKING can be Read Online from any device for your convenience.
BEST PRACTICES TO IMPLEMENT A SANCTION S COMPLIANCE PROGRAM IN INTERNATIONAL BANKING Book PDF Summary
This book addresses the basic and key elements that must be considered to successfully administer a sanctions compliance program in an international financial institution, emphasizing the application of policies, procedures, internal controls and best practices based on the Sanctions regime-OFAC / USA; however, it should be noted that with the corresponding adjustments, these guidelines are also applicable to other sanctions regimes worldwide such as: UN (UNSC), EU (CFSP), United Kingdom (HMT / OFSI), Australia (DFTA / OSAS), Switzerland (SECO), Canada (SEMA), among others. For this, in the first Chapter of the book we will address definitions and basic concepts of a Sanctions regime, and then in Chapter II, outline the relevant sanctions programs worldwide. Next, in Chapter III, the processes inherent in a Sanctions program will be exposed, where reference will be made to the technique of information screening / filtering, maintenance of sanctions lists, as well as the administration and specific actions to follow. when identifying alerts; Chapter IV will make a general exposition of the requirements to establish a program for evaluating the risk of sanctions in the primary business / support functions of an international bank, and then in Chapter V will expose the basic components that a sanctions compliance program, and the key functions that key actors within a financial institution must play to manage the risk of sanctions; Last but not least, Chapter VI will present the inherent control processes that any sanction compliance program must entail, so as to guarantee its effectiveness and proper operation. Additionally, at the end I included three appendices where information related to: (i) Identification Definition Program for Sanctions lists-OFAC; (ii) "Maker-Maker" and "Maker-Checker" control design approach; (iii) Definitions of risk issues associated with Sanctions; and (iv) Recommended bibliography, which includes links to the websites of the main organizations worldwide that administer sanctions regimes at the international level.
Detail Book of BEST PRACTICES TO IMPLEMENT A SANCTION S COMPLIANCE PROGRAM IN INTERNATIONAL BANKING PDF
- Author : Marcos Tinedo
- Release : 17 July 2020
- Publisher : Marcos Tinedo
- ISBN : 978186723xxxx
- Genre : Law
- Total Page : 56 pages
- Language : English
- PDF File Size : 14,9 Mb
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