I am proud to announce my collaboration with Indigita SA a leading Swiss regulatory technology company, that is using the power of digitization to help Financial Institutions apply the relevant rules and provide them with guidance.
Ingigita’s e-Learning solutions is an easy tool containing cross border and compliance training.
The Compliance function is primarily in charge of ensuring that business is carried out diligently, fairly and equitably in the overriding interests of clients and market integrity. Therefore it is the line of defense protecting both Customers and the Institution.
Types of Sanctions Comprehensive Sanctions: These types of sanctions are usually applied to countries. They prohibit institutions from dealing with certain countries, however, some exceptions concerning humanitarian aid may take place. Sectoral Sanctions: Under this type of sanction, dealing with a country in a specific sector is prohibited, i.e. energy, petroleum, arms, etc. However, it is permissible to deal with the targeted state in other sectors. Targeted Sanctions: This type of sanction usually applies to individuals, entities, and groups, due to committing acts related to Money Laundering or Terrorism Financing.
