About the Course

The regulatory bodies for all firms to establish and maintain effective systems and controls, develop effective compliance monitoring programmes, and build a risk-based Customer Due Diligence (CDD) process. The delegates will learn the best techniques to manage effectively and responsibly in compliance with all applicable laws and regulations and the advanced tools to secure the business organisation from compliance risk and supports with professional standards and internal policies in corporate governance and risk management. 

This 5-day intensive Compliance Regulatory Professionals training course is designed to provide the knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management. Also, to know how to deal with the rules, the markets, products, and transactions, to promote best practices and international standards that align with business and regulatory requirements. The delegates will attain knowledge in qualifying to become proficient in compliance and essential skills to build the proper relationship with the regulators and board of directors and to deal with individuals at all levels of your organisation.

Core Objectives

The delegates will achieve the following objectives:

• Develop compliance programs to fight money laundering practices and apply Corporate Governance rules
• Know the relationship between Compliance and Corporate Governance
• Understand the objectives & roles of regulation
• Understand the responsibilities of compliance
• Cultivate a good understanding of compliance principles
• Understand the concept of Compliance and the efforts being made to manage the risk related to it
• Attain the skills required to approach compliance and its related functions with confidence
• Identify and understand compliance risks and the consequences of noncompliance to mitigate the risk of compliance breaches effectively
• Develop an appropriate Compliance Manual
• Develop best strategies to help managers and prevent risk within the organisation

Training Approach

This training course focuses on structured content, real-life implication, and interactive feedback. The topics and subtopics of the course are selected and ordered to support the sequential buildup of knowledge. It focuses on case studies, readings, and discussions to connect to practical implementation. Additionally, the delegates' feedback is sought regarding their needs, experiences, and acquired knowledge throughout the course.  

The Attendees

This training course addresses professionals assuming managerial or leadership roles intersecting with the quality of the product or service provided. Decisions and policymakers in the context of quality or on an overall scope are typical, expected delegates. Professionals in the supply chain, operations, and manufacturing are expected to benefit from this course from the job execution perspective and a core background knowledge perspective.

Likewise, it will be valuable to the professionals but not limited to the following:

• Lawyers
• Accountants
• Risk Managers
• Internal & External Auditor
• Anti-Money Laundering Officers
• Regulatory Representatives
• Compliance Officers, Managers, and their Deputies
• Managers with responsibility for Internal Compliance Controls
• Legal, Audit, Risk, Operations, and IT Specialists
• Staff employed in risk functions
• All Staff working in or aspiring to work in the compliance area

Daily Discussion

DAY ONE: THE REGULATORY ENVIRONMENT AND THE ROLE OF REGULATORS 

• Overview of the Regulatory Environment
• Objectives of Financial Services Regulation
• International Regulations
• The Role of the Regulators
• What do the Regulators expect?
• Organisational Jurisdiction Environment
• The Best Practices in Regulatory Obligations
• ISO 19600: Compliance Management Systems

DAY TWO: THE COMPLIANCE ROLES  

• Compliance Structures
• The Role of the Board of Directors, the Supervisors, the Internal and External Auditors
• Responsibilities of the Compliance Officer
• Key Compliance Activities and Processes
• Compliance and Corporate Governance
• Corporate Governance and Financial Crime Prevention
• Conflict of Interest
• Continuing Compliance with Laws and Regulations

DAY THREE: RISK MANAGEMENT AND COMPLIANCE RISK 

• Understanding a Risk Management Approach
• Creating a Risk Management Approach
• Definition of Governance, Risk, and Compliance
• The Need for Internal Controls
• Identify, Mitigate and Control Risks Effectively
• Approaches to Risk Assessment
• Importance of Compliance Culture
• Managing Key Relationships: External & Internal

DAY FOUR: ESTABLISHING AN EFFECTIVE COMPLIANCE FUNCTION 

• Factors in Designing a Compliance System
• Developing an Internal Compliance System
• Implementing and Communicating Internal Compliance Arrangement
• Compliance Manual
• Creating Policies and Procedures
• Making a Compliance Monitoring Program
• The Need for Independence
• Record Keeping ƒ Compliance Reports
• Managing the Regulators and Change in Regulations

DAY FIVE: MANAGING THE RISK OF MONEY LAUNDERING AND FINANCIAL CRIMES

• Understanding Money Laundering Offences
• MLRO and Compliance Officer
• The Risk-based Approach to Money Laundering and Terrorist Financing
• Suspicious Activity Monitoring, Detection, and Reporting
• Preventing Fraud
• Bribery and Corruption
• Insider Trading
• Market Abuse
• Sanctions and their Role in the Global Economy