| CODE | IPG3010 | ||||||||
| TITLE | Sanctions Policy and Risk Management | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 2 | ||||||||
| DEPARTMENT | 福利在线免费 Policy and Governance | ||||||||
| DESCRIPTION | The micro-credential will offer students the possibility to delve into the theoretical aspects of the policy and implementation of sanctions but offer a practical approach to this subject-matter with the use of tabletop exercises. The micro-credential is structured into five modules, each focusing on critical aspects of sanctions policy and risk management: 1. Introduction to Sanctions Policy - Historical evolution of sanctions and proliferation financing - Purpose of the Sanction Policy - Types of sanctions (economic, diplomatic, sectoral) - Case studies of major international sanctions regimes 2. Regulatory Compliance and Enforcement (to be divided into two sessions) - European Union and United Nations regulatory frameworks, including case law from the European Court of Justice and the EU’s Blocking Statute - National regulatory framework including the primary legislation and the role of the Sanctions Monitoring Board in sanctions implementation     • Administrative enforcement     • Criminal enforcement - General Principles, including the concept of ownership and control, joint and minority interests; - Sanctions of third countries (including alignment) - Table-top exercise 3. Risk Assessment & Management - Identifying high-risk sectors and jurisdictions - Risks relating to geography, types of clients and business sector - Recognising techniques for sanctions evasion and circumvention, including red flags:     • Sanctions indicators for detection of enablers     • Sanctions indicators for detection of suspicious payments     • Real estate     • Artworks     • Precious metals, stones and jewellery     • Other high-value assets. - Mitigation strategies     • Internal policies and procedures     • Alert investigation, including how to discount customer alerts, escalating true matches, responding to information requests, freezing of assets     • Requests for authorisations, rulings, queries - Compliance best practices for businesses and financial institutions including contract drafting techniques 4. Sanctions Screening & Due Diligence – the supervisory aspects - Techniques for effective sanctions screening     • Screening systems and controls     • Who and what should be screened     • Calibration of automated systems - Quality assurance and testing - Role of AI and data analytics in sanctions risk assessment - Case studies of compliance failures and lessons learned     • Examination of key enforcement actions 5. Future Trends in Sanctions Policy - Emerging global challenges - The role of blockchain and digital currencies - Ethics and effectiveness of sanctions in diplomacy Study-Unit Aims: There are many entities which are directly or indirectly impacted by international sanctions such as those deployed by the United Nations (UN) and the European Union (EU). These include various areas of commerce and industry such as manufacturing, import, export, banking, shipping, container transport, insurance etc. Hundreds of middle-management and senior executives in these enterprises within Malta need to understand the full impact of these sanctions in order to ensure compliance and avoid breach of sanctions. This micro-credential was created in collaboration with, and at the request of, the Ministry responsible for Malta's compliance with this international sanctions regime, the Ministry of Foreign Affairs, with the primary objective of offering a training opportunity to practitioners in those many entities which are legally required to ensure compliance with sanctions. The level and depth of training has been calibrated with the objective to meet the operational requirements of these practitioners in commerce and industry. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Discuss key sanctions regimes - Analyse the impact of sanctions 2. Skills: By the end of the study-unit the student will be able to: - Develop strategies to manage sanctions-related risks - Evaluate compliance requirements for financial institutions and businesses - Apply due diligence techniques in sanctions screening and enforcement Main Text/s and any supplementary readings: |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Joseph Cannataci |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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