What are Sanctions | How do Sanctions Work | All Types of Sanctions explained | AML Tutorial

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  • Опубликовано: 26 авг 2024

Комментарии • 157

  • @KYCLookup
    @KYCLookup  3 года назад +10

    Thank you for watching our video, dont forget to subscribe so you dont miss any future AML related videos.👍

  • @puneetsharma2545
    @puneetsharma2545 3 года назад +7

    Topic covered on this channel is quite useful... Few topic i.e. MIFID and why it is important in KYC/AML world

    • @KYCLookup
      @KYCLookup  3 года назад +1

      @Puneet Sharma Thanks for the comment and kind words!! By the way good suggestion!!

  • @skyboomshield
    @skyboomshield 3 года назад +7

    I was waiting for this topic to be covered and here it comes. :-)

    • @KYCLookup
      @KYCLookup  3 года назад

      @Rohit Raj. I hope we covered it well enough for you 🙂

    • @pujadas-fx3is
      @pujadas-fx3is Год назад

      R u a law student?

    • @skyboomshield
      @skyboomshield Год назад

      @@pujadas-fx3is Nopes, I'm a BA in FinCrime ,AML area

  • @ShariqBashir
    @ShariqBashir 2 года назад +7

    Thanks for the important information.
    God bless the ones involved in making this video.

    • @KYCLookup
      @KYCLookup  2 года назад +1

      @Shariq Bashir Thank you for the support and the nice comment. 👍
      God bless you too.

  • @marhan2757
    @marhan2757 7 месяцев назад +2

    The next video should be dedicated to why do sanctions actually fail, see book e.g. Sanctione Backfire

    • @KYCLookup
      @KYCLookup  7 месяцев назад +1

      @marhan2757 Thank you for the suggestion. Thats a good one. 👍

  • @namaldesilva1905
    @namaldesilva1905 4 месяца назад +1

    Thanks, great explanation 👍

    • @KYCLookup
      @KYCLookup  4 месяца назад +1

      @Namaldesilva your welcome, hope you also enjoy some of the other tutorials we have available. 🙂

  • @naliniak
    @naliniak 3 года назад +3

    Can you pls make some video on AML internal audit ( transaction audit, predictive analysis )

  • @evelinezen3833
    @evelinezen3833 3 года назад +3

    Wow. Plz talk about economic inflations

    • @KYCLookup
      @KYCLookup  3 года назад +1

      @Eveline Zen Thanks for the comment. You mean Economic Hyperinflation?? 😉
      good suggestion. 👍

  • @jochuMira
    @jochuMira 3 года назад +2

    I have requested the same and it came.
    Thanks

    • @KYCLookup
      @KYCLookup  3 года назад

      @jithu jiffy. We are glad you liked the video. 👍

  • @shijikoruthninan5419
    @shijikoruthninan5419 2 года назад +2

    Please do detailed video on FATF 40 recommendations

    • @KYCLookup
      @KYCLookup  2 года назад

      @shiji Koruth Ninan Thanks for the suggestion. Good topic 👍

  • @mallikarjunamuchatlu5690
    @mallikarjunamuchatlu5690 Год назад +2

    Nice

  • @nileshwarroy
    @nileshwarroy 3 года назад +3

    Please make more descriptive video on this topic.

    • @KYCLookup
      @KYCLookup  3 года назад

      @Nileshwar Roy, thanks for the comment

  • @jobs4ubyme329
    @jobs4ubyme329 Год назад +1

    Thanx for such a useful information

    • @KYCLookup
      @KYCLookup  Год назад

      @Jobs4ubyme329 thanks for the feedback, glad you found it useful 🙂

  • @someshdhodmani1937
    @someshdhodmani1937 3 года назад +1

    Thankyou for covering the sanctions topic.👍

    • @KYCLookup
      @KYCLookup  3 года назад

      @Somesh dhodmani Thanks for the comment.👍👍

  • @amhawpb8384
    @amhawpb8384 3 года назад +2

    Great 👍

    • @KYCLookup
      @KYCLookup  3 года назад

      @Amha WPB Thanks for the comment. 👍👍

  • @SB-jg8th
    @SB-jg8th 3 года назад +3

    Can you make a video on the ongoing crisis in West Asia including the Houthis, Palestine issue, Syrian war etc.?

    • @KYCLookup
      @KYCLookup  3 года назад +1

      @sayeesh Bhasin. Thats a great suggestion and one that slowly slowly we would move towards. 👍👍 Definitely a thumbs-up from us.

    • @Redman11829
      @Redman11829 3 года назад

      LOL

  • @SatyamAnilBorade
    @SatyamAnilBorade 3 года назад +2

    Kindly share video on Customer Due deligence..

    • @KYCLookup
      @KYCLookup  3 года назад

      @Satyam Borade Thanks for the suggestion. 👍

  • @marjoleinbakker9458
    @marjoleinbakker9458 Год назад +1

    Good one!

    • @KYCLookup
      @KYCLookup  Год назад

      @Marjolein Bakker Thank you for the comment.

  • @hemanthshaparthi4860
    @hemanthshaparthi4860 2 года назад +2

    Excellent video Thank you Kyc Lookup Team . can you please make video on classic examples of AML frauds

    • @KYCLookup
      @KYCLookup  2 года назад

      @hermanth Shaparthi Thanks for the comment. Much appreciated and good suggestion 👍👍

  • @jonitapatel3643
    @jonitapatel3643 3 года назад +2

    Can you help with the vedio of how to prepare for AML interviews. Questions which need to be prepared.

    • @KYCLookup
      @KYCLookup  3 года назад +3

      @jonita Patel are you a mind reader? Becuase we have this video in the pipeline. Will be a few weeks but definitely on the list. 👍👍 great suggestion.

    • @jonitapatel3643
      @jonitapatel3643 3 года назад +1

      Thank u so much we need it the most. Glad I'm not a mind reader but still manged to read ur mind 😂😂

  • @napendamuzikiilovemusic5840
    @napendamuzikiilovemusic5840 3 года назад +1

    Great one

    • @KYCLookup
      @KYCLookup  3 года назад

      Thanks for the comment

  • @leeharding5865
    @leeharding5865 3 года назад +1

    Good stuff

  • @nazmulgani3776
    @nazmulgani3776 2 года назад +3

    The US has imposed TARGETED Sanctions on the RAB ( the Rapid Action Battalion, Bangladesh) as a Foreign Entity, pursuant to EO 13818 because of " Gross Human rights Abuse ." Could you please tell me how the RAB will be affected by the sanctions? Are all officers and members of the paramilitary agency going to suffer punitive measures? Thanks......

    • @KYCLookup
      @KYCLookup  2 года назад +1

      thanks for the comment, i doubt it but they can try. if they are not caught or travel to the US it would be also impossible to have a direct impact.

  • @313dlo
    @313dlo 3 года назад +2

    So sanctions are quid quo pros??? Legally?

    • @KYCLookup
      @KYCLookup  3 года назад +2

      @d'angelo Thanks for the comment.
      Some sanction regimes use it as that. 👍

    • @313dlo
      @313dlo 3 года назад +1

      @@KYCLookup cough cough
      Trump

  • @nazmulgani3776
    @nazmulgani3776 10 месяцев назад +1

    Are restrictions and sanctions the same?

    • @KYCLookup
      @KYCLookup  10 месяцев назад

      @nazmulgani3776 Thank you for the questions, Yes, a Sanction is a level of restriction on a person, organisation or country.

  • @rajasekhardadisetty
    @rajasekhardadisetty 2 года назад +1

    Need to know sanction screening process

    • @KYCLookup
      @KYCLookup  2 года назад

      @Raj Sekhar - Thanks for the comment, we have a complete course on screening including how, when and types of screening required including Sanction. we have added the link below.
      www.kyclookup.com/course/introduction-to-screening/
      We also currently have a discount code (Linkedin14k)
      Thanks for the support

    • @rajasekhardadisetty
      @rajasekhardadisetty 2 года назад

      @@KYCLookup thank you

  • @mohamadaffestamidin7007
    @mohamadaffestamidin7007 3 года назад +2

    Hope in the future, @kyclookup team can make short briefing video about name screening for customer in financial services in Compliance perspective especially in AML/ CFT

    • @KYCLookup
      @KYCLookup  3 года назад

      @Mohamad Affes Tamidin Thank you for the comment. Great suggestion we have a screening course coming soon but a video tutorial is also a good idea. 👍

  • @jsboyd.author
    @jsboyd.author 2 месяца назад

    Sanctions are to strong-arm a nation into submitting to unfair trade actions, got it.

  • @haton3847
    @haton3847 2 года назад +1

    The music is unnecessary.. thank you for your efforts

    • @KYCLookup
      @KYCLookup  2 года назад

      @haton, thanks for the comment, totally agree and its something that has been fixed in more recent videos. thanks for the feedback its appreciated.

  • @Rock-oj9my
    @Rock-oj9my Год назад +1

    If a country being fined for breaking the sanctions, where do the fine/money go ?

    • @KYCLookup
      @KYCLookup  Год назад

      thanks for the question, goes into the public fund or treasury

  • @WhatTheFranco
    @WhatTheFranco 2 года назад

    So what does sanctions means?

    • @KYCLookup
      @KYCLookup  2 года назад +1

      @Queen's Slave Thanks for the comment. In simple terms a Sanction is a restriction wheather to trade, fly, asset being freezed etc.
      We have a new video coming out very soon on breaking down the definition of Sanction and the impact of the current sanctions. ❤

  • @kelesetoso2032
    @kelesetoso2032 2 года назад +2

    Thanks, but who runs sanction actually.

    • @KYCLookup
      @KYCLookup  2 года назад +1

      @Kelese Toso Thanks for the comment and support. Sanctions are run by Government bodies. In the US its OFAC, in the UK its OFSI.
      In our other sanction video we breakdown even more to make it even easier to understand.
      ruclips.net/video/joXohCm-mMc/видео.html
      Hope you like it too. 👍

    • @thskendjeo134
      @thskendjeo134 3 месяца назад

      😂😂

  • @talkdattrashimmapullyacard4396
    @talkdattrashimmapullyacard4396 2 года назад +2

    I feel real ' PRESIDENTIAL ' right now 🤗

  • @madritjanaki1009
    @madritjanaki1009 2 года назад +1

    There are sanction countries
    Iran
    Seira
    Sydney
    Can all tell when other countries are
    O

    • @KYCLookup
      @KYCLookup  2 года назад

      @madrit janaki Thanks for the comment. Happy to help with the list of Sanctioned countries.

  • @lynnleigha580
    @lynnleigha580 2 года назад +1

    I still have no idea what a sanction is

    • @KYCLookup
      @KYCLookup  2 года назад +1

      @Lynn Leigha the video you watched is more technical and for people in the Anti-money laundering industry. if you want the plain simple non-technical version, please see the below link
      ruclips.net/video/joXohCm-mMc/видео.html
      this version is easier to digest and understand.
      thanks for the support.

  • @NuclearPhysix
    @NuclearPhysix 2 года назад +1

    I switched off when I heard about who the enforcers of the sanctions were. Just the EU and the US. Crazy world we live in

    • @KYCLookup
      @KYCLookup  2 года назад

      @Enrato Tassader Thank You for the comment. Crazy world indeed, lets hope for some sort of resolution soon. Hope you like the other videos we have.

    • @NuclearPhysix
      @NuclearPhysix 2 года назад +2

      I have to apologise. My frustration was not with the great content, excellent report indeed. It was just finding out that only the US and the EU can impose sanctions and force every other country to obey - not fair at all

    • @KYCLookup
      @KYCLookup  2 года назад

      @@NuclearPhysix Oh no worries. No offence was taken. We understand the world doesnt operate as we would like it to be.
      👍

    • @christopherjohnson1266
      @christopherjohnson1266 2 года назад +2

      I say we give all powers of sanction to Peru.

    • @KYCLookup
      @KYCLookup  2 года назад

      @@christopherjohnson1266 Thanks for the comment. Howcome Peru?

  • @tariqueali3250
    @tariqueali3250 3 года назад +1

    Asia Pacific

  • @gazzahd7808
    @gazzahd7808 2 года назад

    So a sanction is pretty much how the EU treat the UK? But that sanction didn’t last as economic growth in UK is far greater then EU countries.

    • @KYCLookup
      @KYCLookup  2 года назад

      @Gazza-HD thank you for the comment. Thats one way of seeing it

  • @maxameddeeq3377
    @maxameddeeq3377 2 года назад +1

    Am using Gold & Silver Currency bye 👋 US dollars 💸 traps

    • @KYCLookup
      @KYCLookup  2 года назад

      Thanks for the comment

  • @thelyricist7345
    @thelyricist7345 2 года назад +2

    Sanctions are restrictions put on a country, entity or individual as they are not compliant.
    Isn't it?

    • @KYCLookup
      @KYCLookup  2 года назад

      @The Lyricist thank you for the comment. There are a number of reasons why a Sanction can be applied, the reasons for a country sanction is different to an entity or individual one.
      for example,...
      - Country Sanction could be in line with whats currently happening Ukraine with Russia so the UN, OFAC may impose further sanctions on Russia
      - Entity sanctions could be a financial institution doing business in a jurisdiction (e.g. Iran) when they dont have a license or they are in breach of the license they have from their regulatory body
      - Individual sanctions could be someone who is known to have committed terrorist attacks or crimes which are considered severe such as drug trafficking. the sanction individuals in some cases are travel bans or having their assets frozen.
      i hope the above helps. Thanks for the support

    • @thelyricist7345
      @thelyricist7345 2 года назад +1

      What are Economic sanction
      Diplomatic sanction
      Military sanction
      Sport sanction?

    • @tommyboss4067
      @tommyboss4067 2 года назад

      @@thelyricist7345 Is there Animal Sanction? 😀😄😃

  • @geektime2396
    @geektime2396 2 года назад +1

    Indeed a very text-bookish explanation. Joke

    • @KYCLookup
      @KYCLookup  2 года назад

      @Geek Time - Thanks for the comment. 👍

  • @napendamuzikiilovemusic5840
    @napendamuzikiilovemusic5840 3 года назад

    From Financial institution point of view If a country is Sanctioned by the US and not EU or UN is it illegal to send money in Euros? Example sending money to Cuba. Thanks 🙏

    • @KYCLookup
      @KYCLookup  2 года назад

      thanks for the comment, it all depends on the jurisdiction of the financial institute.
      they may not be under the OFAC jurisdiction. although that would be hard as most reputable financial institutions would follow OFAC so they would still be in breach.
      thanks for the question.

  • @willysbakery6878
    @willysbakery6878 2 года назад +1

    all your base are belong to us. not quite.

    • @KYCLookup
      @KYCLookup  2 года назад

      @Willy's Bakery Thanks for the comment, but dont really understand what you mean. 👍

  • @kushichinnu1588
    @kushichinnu1588 Год назад +1

    Gvvfçc

  • @adakashay6058
    @adakashay6058 Год назад +1

    EU 1000 years of history of slaves merchants colonizer's modern days Saction well don't worry every one has it own turn.

  • @redstar4636
    @redstar4636 2 года назад +2

    Russian people bout to dislike this video

    • @KYCLookup
      @KYCLookup  2 года назад +2

      @RedStar i hope not. We have nothing but love for the Russian people. it is just unfortunate that Putin has push through with his plans.

  • @aladeen8393
    @aladeen8393 2 года назад +1

    Sanctions are stupid

    • @KYCLookup
      @KYCLookup  2 года назад

      there is never any winners at the time of sanctions being imposed

  • @alfagrafics
    @alfagrafics 2 года назад +1

    I came to learn about sanctions after Biden talking bot it. Who else dd the same

    • @KYCLookup
      @KYCLookup  2 года назад

      @Suleiman Abdallah Thank you for the comment. Hope you liked this video. We have a new one coming out very soon breaking down the current situation and the new sanctions being imposed on Russia and Putin.

  • @drsyedmohammadfazlullah8432
    @drsyedmohammadfazlullah8432 2 года назад +1

    You are not teaching the technical people. Nothing meaningful transpires from it. Make it simpler for common lay people.

    • @KYCLookup
      @KYCLookup  2 года назад

      @Dr Syed Mohammad Fazlullah - Thank you for the comment, the video which is over a year old now was actually made for technically professionals involved in the AML/CFT industry.
      We are working on making a video to breakdown what sanctions are in line with the current situation between Ukraine/Russia. Once again, thank you for the comment and feedback.

    • @KYCLookup
      @KYCLookup  2 года назад

      @Dr Syed Mohammad Fazlullah Hope you are well, following our message last week, please see below a link to a new video totally non-technically breakdown of what is a sanction and in line with the current events happening in Russia.
      ruclips.net/video/joXohCm-mMc/видео.html

  • @talellamouchi8386
    @talellamouchi8386 2 года назад +1

    peace?, hhhhh

    • @KYCLookup
      @KYCLookup  2 года назад

      @Talel Lamouchi - There is never any winners at the time of sanctions being imposed

  • @mahdiali2695
    @mahdiali2695 2 года назад +3

    Empire of lies

    • @KYCLookup
      @KYCLookup  2 года назад

      @Mahdi Ali - Thank you for the comment and support

  • @kokoisis9966
    @kokoisis9966 2 года назад +1

    So was Russia money blocked… prayers t all the women and children

    • @kokoisis9966
      @kokoisis9966 2 года назад +2

      Thank you 🙏🏽

    • @KYCLookup
      @KYCLookup  2 года назад

      @Koko ISIS Thank you for the comment, if the swift payment sanction is to be included then yes a lot of their money coming in and out through the financial/banking system will be stopped.
      all our prays are indeed with everyone in Ukraine and directly impacted.

    • @mohammedraheef1415
      @mohammedraheef1415 2 года назад +1

      @@KYCLookup so heartless of you to completely ignore the suffering of people that had nothing to do with the invasion.

    • @KYCLookup
      @KYCLookup  2 года назад

      @@mohammedraheef1415 not really our prays and heart are with the people of Ukraine and any other countries where unjustice wars are taking place.

  • @GAURAVKUMAR-lu1lu
    @GAURAVKUMAR-lu1lu 3 года назад +2

    Are u American

    • @KYCLookup
      @KYCLookup  3 года назад +2

      Although we love Americans we are not from there or based there. We are from the UK. Hope it helps. 🙂

  • @mr.rousseau.4655
    @mr.rousseau.4655 3 года назад +6

    Personally I strongly feel that we should lift sanctions on Russia due to I think trying to pursue peace with Russia is better than the endless saber rattling.

    • @KYCLookup
      @KYCLookup  3 года назад +2

      @Mr Rousseau Thank you for the comment. I think a lot of people outside the US would agree with an easing of some of the restrictions imposed on Russia. I guess only time will tell. 🕵🏼‍♂️

    • @UncleRuckus7600
      @UncleRuckus7600 2 года назад +6

      Not now lol they are taking ukrain

    • @angieroxy7550
      @angieroxy7550 2 года назад

      @@UncleRuckus7600 Yes.

    • @bamafan4102
      @bamafan4102 2 года назад +1

      The organizations who have the power to impose sanctions like the UN are criminal. They usually impose sanctions under the guise of a benevolent reason while really attempting to control a country or organization that will not do their bidding. Russia does not want to attack Ukraine like the mainstream media would have one believe. The UN and other globalist organizations want to cover up evidence of corruption in Ukraine. They will make it seem as if Ukraine was attacked by Russia, but it was really the UN. Everything is not always what is reported.

    • @alexv1190
      @alexv1190 2 года назад +2

      What about now?

  • @avelrage
    @avelrage 2 года назад

    I got to tell, I feel obligated...
    But that voice annoyed the crap out of me (just me?)
    I couldn't finish the video.
    Maybe a filter?
    Sorry for my honesty.

    • @KYCLookup
      @KYCLookup  2 года назад

      @Avelrage - Thanks for the comment, very unpolite of you but we still appreciate the feedback