Sanctions: Basics, Sanctions Compliance Programme and Case Study

  • English

  • HKCGI Member, Graduate, Student, Affiliated Person & Non-Member


  • Mr Richard Ip, Founder, Richard Ip Consultancy
  • Mr Edmond Chiu FCG HKFCG(PE), Council Member, HKCGI; Head of Corporate & Fund Services, Vistra Corporate Services (HK) Limited (Chair)


Businesses nowadays are facing rapidly proliferating and sometimes conflicting sanctions measures imposed by different authorities around the world. We have seen a myriad of Russia-related sanctions since the war in Ukraine as well as the implementation of the Uyghur Forced Labor Prevention Act. Non-compliance could bring legal, financial, commercial and reputational consequences to a business.

A robust sanctions compliance programme involves more than just checking against lists of restricted parties, businesses should develop policies, procedures and internal controls corresponding to the sanctions risks they are exposed to. All of these must base upon certain levels of understanding of sanctions and sanctions compliance.

In this seminar, an expert in political and sanctions risk will give an overview on the basics of sanctions, examine the core elements in a sanctions compliance programme, and share practical experience with case study. Below is a summary of contents covered:

1. Basics of Sanctions

  • What are sanctions?
  • Common objectives of sanctions
  • Who impose sanctions?
  • What sanctions are implemented in Hong Kong?
  • Common sanctions measures
  • Who needs to comply with what sanctions?
  • The emerging Chinese sanctions regime
  • Consequences of non-compliance

2. Sanctions Compliance Programme

  • Management Commitment
  • Risk Assessment
  • Keeping Up on Sanctions
  • Policies, Procedures and Internal Controls
  • Testing and Auditing
  • Staff Training

3. Case study – SenseTime

(Recorded in September 2022)

Level: Intermediate

Speaker's bio:
Mr Richard Ip

Got Questions?

Visit our FAQs or contact the Professional Development Section: 2881 6177 or email: cpd@hkcgi.org.hk

Scroll To Top