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Compliance Certifications for Financial Professionals in British Indian Ocean Territory

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A new comprehensive training course has been introduced by GLOMACS, a leading provider of professional development programs, specifically designed for financial professionals working in the British Indian Ocean Territory. The Compliance Regulatory Professionals training course aims to equip participants with the essential knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management.

Objectives

Upon completion of this intensive and highly practical training course, delegates will be able to:

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and understand compliance risks, and the consequences of non-compliance
  • Create a compliance culture
  • Protect the organization’s reputation

Training Methodology

The training methodology includes case studies, group live instruction, presentation and discussion of worked examples, role-playing, and interactive participation. This approach ensures that participants can translate theoretical knowledge into real-world practice.

Organizational Impact

This training course is directly relevant to Certified Compliance Professional (CCP) and as a result, the organizations will benefit greatly from their employee’s participation. The organization will gain:

  • More effective support for compliance team
  • Selecting a format and content for compliance program that is appropriate for your business
  • Identifying and analyzing applicable regulatory requirements and risks in business language

Personal Impact

This Compliance Regulatory Professionals training course will be of personal benefit to delegates by providing them with:

  • Understanding the complete regulatory environment
  • Knowing their regulator
  • Compliance in practice
  • The role of the compliance function

Who Should Attend?

This GLOMACS Compliance Regulatory Professionals training course is designed for:

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

Course Outline

Day 1: The Regulatory Environment and the Role of Regulators

  • An Overview of the Regulatory Environment
  • The Objectives of Financial Services Regulation
  • International Regulation
  • The Role of the Regulators
  • What do the Regulators expect?
  • Your Jurisdiction Environment
  • The Best Practice in Regulatory Obligation
  • ISO 19600: Compliance Management Systems

Day 2: The Compliance Functions

  • Compliance Structure
  • 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
  • Compliance Training
  • Conflicts of Interest
  • Ongoing Compliance with Laws and Regulations

Day 3: Risk Management and Compliance Risk

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

Day 4: Establishing an Effective Compliance Function

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

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

  • Understanding Money Laundering Offences
  • MLRO and Compliance Officer
  • The Risk-based Approach to Money Laundering / 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

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

In Association With

PetroKnowledge, Oxford Management Centre, and The Energy Training Centre are our valued partners in providing the best training services and benefits for our clients.