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Auditing a UK or European Bank’s Sanctions Compliance Programme

Home > Perspectives > Auditing a UK or European Bank’s Sanctions Compliance Programme

Sanctions risks are constantly evolving. The conflict between the re-imposition of U.S. secondary sanctions on Iran, and the updated EU Blocking Regulation, is a poignant example of the inter-connected sanctions regimes that financial institutions need to navigate.

All of this makes it more challenging than ever for internal auditors to provide reasonable assurance to their board, regulators and other stakeholders that their institutions’ controls to mitigate sanctions risk are operating effectively.

In this white paper, Samar Pratt outlines the controls that make up an effective sanctions compliance programme, and offers practical guidance on how internal auditors at a UK or European financial institution should assess them.

Topics:

  • Sanctions compliance programmes
    Risks that programmes are designed to mitigate.
  • Risk landscape
    What auditors need to know about the rapidly evolving sanctions risk landscape.
  • 10 key control areas
    Critical control areas that make up an effective sanctions compliance programme, as well as key audit considerations.

Complete the form below to download the white paper.



Experiencing difficulties with the form? Please contact lreid@exiger.com.

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