Financial Crime World

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Compliance Regulatory Professionals: Understanding and Managing Regulatory Compliance in COMOROS

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Overview

In today’s complex regulatory environment, it is essential for organizations in COMOROS to have a comprehensive understanding of compliance regulations and risk management. The Compliance Regulatory Professionals training course, designed by GLOMACS, provides professionals with the knowledge and skills needed to navigate this landscape effectively.

Understanding the Objectives and Roles of Regulation

Module 1: Introduction

The course begins by delving into the objectives and roles of regulation, providing delegates with a thorough understanding of the regulatory environment in COMOROS. Participants will learn about international regulation, the role of regulators, and what they expect from organizations operating within the jurisdiction.

Establishing Effective Compliance Functions

Module 2: Setting Up a Compliance Structure

The next module focuses on establishing effective compliance functions within an organization. Delegates will learn about:

  • Compliance structure and roles
  • Responsibilities and key activities
  • Processes for maintaining a compliant culture
  • Corporate governance and financial crime prevention

Risk Management and Compliance Risk

Module 3: Identifying, Mitigating, and Controlling Risks

Module three explores risk management and compliance risk, equipping delegates with the skills to identify, mitigate, and control risks effectively. Participants will learn about:

  • Approaches to risk assessment
  • The importance of compliance culture
  • Managing key relationships – external and internal

Managing Money Laundering and Financial Crimes

Module 4: Understanding Money Laundering Offences and Compliance Officers

The final module addresses the critical topic of money laundering and financial crimes, providing delegates with a thorough understanding of:

  • Money laundering offences
  • MLROs and compliance officers
  • The risk-based approach to money laundering/terrorist financing
  • Suspicious activity monitoring, detection, and reporting

Benefits for Organizations in COMOROS

The Compliance Regulatory Professionals training course is designed to benefit organizations in COMOROS by providing:

  • A comprehensive understanding of compliance regulations and risk management
  • Effective compliance functions and processes
  • Strong risk management and mitigation strategies
  • A compliant culture that prevents financial crimes

Who Should Attend?

This course is ideal for:

  • Compliance Officers/Managers and their Deputies
  • Managers with responsibility for internal compliance controls
  • Legal, Audit, Risk, Operations, and IT Specialists
  • Risk Managers
  • Internal & External Audit Staff
  • Regulatory Representatives
  • AML Officers
  • Accountants
  • Lawyers

Course Outline

The course is divided into five days:

Day 1: The Regulatory Environment and the Role of Regulators

  • Overview of regulatory environment in COMOROS
  • International regulation and its impact on organizations
  • The role of regulators in ensuring compliance

Day 2: The Compliance Functions

  • Setting up a compliance structure
  • Roles, responsibilities, and key activities
  • Processes for maintaining a compliant culture

Day 3: Risk Management and Compliance Risk

  • Approaches to risk assessment
  • Importance of compliance culture
  • Managing key relationships – external and internal

Day 4: Establishing an Effective Compliance Function

  • Developing policies and procedures
  • Implementing training programs
  • Maintaining a compliant culture

Day 5: Managing the Risk of Money Laundering and Financial Crimes

  • Understanding money laundering offences
  • MLROs and compliance officers
  • The risk-based approach to money laundering/terrorist financing

GLOMACS Certification

Upon completion of the course, delegates will receive a certification from GLOMACS, a registered sponsor of continuing professional education on the National Registry of CPE Sponsors.

In Association With

The Compliance Regulatory Professionals training course is in collaboration with PetroKnowledge, Oxford Management Centre, and The Energy Training Centre.