Financial Crime World

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Compliance Training for Financial Institutions in Latvia

In a bid to stay ahead of the curve, financial institutions in Latvia are being offered comprehensive compliance training that will equip them with the necessary knowledge and skills to navigate the complex world of sanctions.

Course Overview

The training program, designed by leading experts in the field, will delve into the theoretical and practical aspects related to the enforcement of sanctions set by international organizations, as well as the regulatory framework of the European Union (EU) and the United States (US). With a special emphasis on sanctions imposed against Russia and Belarus, this course is specifically tailored for employees of credit institutions, payment institutions, and financial institutions whose duties include fulfilling sanctions requirements and preventing money laundering.

Course Highlights

  • Duration: 16 academic hours
  • Price:
    • Excl. VAT: €650
    • With VAT: €786.50

Course Content

Led by seasoned expert Gaida Iļjučonoka, who brings over 20 years of experience working in Latvian commercial banks and the Financial and Capital Market Commission, this course will cover essential topics such as:

  • Historical aspects of sanctions and current developments
  • Operation of sanctions organizations and instruments
  • Control of goods of strategic importance
  • Assessing and managing sanctions risk
  • EU sanctions against Russia and Belarus
  • Sanction control methods
  • Detection of sanctions violations and circumvention

Course Objectives

Upon completion, participants will be able to:

  • Participate in the creation and improvement of internal control systems for sanctions
  • Orient themselves in theoretical and practical aspects related to the enforcement of sanctions set by international organizations

Target Audience

This course is designed for employees of credit institutions, payment institutions, and financial institutions who are responsible for fulfilling sanctions requirements and preventing money laundering.

Prerequisites

Basic knowledge of operating principles in the financial field is required.

Certification Exam

No certification exam will be held. Instead, participants will receive a BDA Certificate upon completion of the course.

If you’re interested in learning more about this course or have any questions, please don’t hesitate to contact us at +371 67505091 or mrn@bda.lv.