The HMT Sanctions List Certification

The Hmt Sanctions List & Customer Identification

HM Treasury maintains comprehensive records of all persons and entities currently subject to sanctions. This means that they face financial restrictions, usually on the basis of their links with terrorist activity or human rights abuse.

If you run a business, you need to make sure that you do not handle money or assets owned by sanctioned parties, or enter into an arrangement whereby you grant them access to funds. To do so is a criminal offence. In this course, you will learn how financial sanctions work and how to meet your duties under the law.

You Will Learn:

• How financial sanctions work and the purpose and scope of the UK financial sanctions regime
• The scope and purpose of the Consolidated List and the UK Investment Ban List
• The parties responsible for maintaining these lists and how to use target and name matches to ensure that you do not engage in any transactions with individuals and entities named on the list
• How to verify customers' identity, and the information you should collect when undertaking transactions

Anyone can take up this course upon interest in anytime you want, anywhere you want, all you need is a smart phone/tablet/computer connected to the internet.

Upon completion, you will have a test with multiple choice questions and there is no limit on the number of attempts.

CPD

Benefits of Taking This Course:

• If you are a business owner, you will benefit from learning how to avoid conducting business with sanctioned parties
• If you are responsible for financial transactions as part of your job, you will benefit from learning how to verify a customer's identity and check whether they are currently facing sanctions
• If you work in the financial sector, this course will provide you with a good introduction to sanctions
• If you work in the public sector, you may benefit from furthering your understanding of how the Financial Conduct Authority (FCA), the Treasury and other bodies work together to combat crime

Course Duration - 1 hour and 15 minutes

Online Courses Learning is a provider of career essential courses. Simple understandable media content, concept oriented learning which helps develop career opportunities in the corporate World.

The learning experience has been designed from the ground up keeping your success in mind.

You can study at your own pace and from the comfort of your own home.