Auditing a UK/European Bank’s Sanctions Compliance Programme

Samar Pratt, CAMS, CAMS-Audit

The purpose of this paper is to help auditors in UK/European financial institutions understand how to conduct end-to-end audits of a bank’s sanctions compliance programme, and how to assess their own institutions’ compliance with sanctions regimes. The ever-changing sanctions landscape, as evidenced by the re-imposition of U.S. secondary sanctions in relation to Iran, makes this more important than ever.

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