Course Overview
The term compliance depicts the capacity to act as per the request, set of standards or requests. With regard to financial services organizations, compliance work is categorized under two levels.
Level 1 - Compliance with external guidelines that are compulsory for organizations to follow.
Level 2 - Compliance with interior frameworks of control that are obligatory to accomplish compliance with the externally imposed principles.
Compliance Training course aims to equip the participants with the understanding, requirements and working of compliance by using state-of-the-art tools and techniques.
Course Content
Understanding the Regulatory Environment
- Why do we need regulation
- Financial services regulation objectives
- Overview to regulation
- Regulatory timeline
- Protection of investor/consumer
International Regulation
- The roles of the regulator
- Different regulatory models around the world
- Overview of recent international regulation
- The influence of international bodies
Compliance in Practice
- Structure of compliance
- Compliance officer offer
- Process and activities of compliance
Managing the Risk of Proliferation Financing, Terrorist Financing and Money Laundering
- How are the proceeds of crime laundered
- Money laundering objectives and weaknesses of services and products
- Connection among the MLRO, MLPO and Compliance Officer
- Internal reporting system designing
- Money laundering/terrorist financing risk based approach
- Terrorist financing
- The USA Patriot Act and US extra territoriality
- Money laundering and tax evasion
Financial Crime Prevention
- What is fraud
- Frauds perpetrated against ordinary investors
- Frauds against organizations
- Fraud prevention
- Corruption
- Market manipulation, insider dealing and market abuse
Course Methodology
The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.
Target Audience
Compliance courses is designed for compliance representatives, workers that have been given compliance duties, workers with administration obligation and any individual who wishes to gain understanding of essential administrative compliance standards and how organizations can consent to them.
Duration
2 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.