Financial Crime World

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Compliance Training for Financial Professionals in Nauru

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In today’s complex regulatory environment, financial professionals in Nauru need to stay ahead of the curve when it comes to compliance training. The GLOMACS Compliance Regulatory Professionals training course is designed to provide financial professionals with the knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management.

Course Overview

The intensive and highly practical training course covers several topics, including:

  • The objectives and roles of regulation
  • Responsibilities of compliance
  • Principles of compliance
  • Developing a good understanding of compliance
  • Identifying and mitigating compliance risks
  • Creating a compliance culture within an organization

Training Methodology

Throughout the five-day course, participants will receive an overview of best practices in regulatory compliance through:

  • Case studies
  • Group live instruction
  • Presentation and discussion of worked examples
  • Role-playing
  • Group discussion
  • Interactive participation

The training methodology is designed to encourage delegates to engage actively with the material and share their experiences and knowledge with others.

Course Benefits

For financial professionals in Nauru, this training course provides:

  • An understanding of the complete regulatory environment
  • Knowledge of regulators
  • Practical application of compliance principles
  • Personal benefits by providing:
    • Management of regulatory risk
    • Understanding of the importance of governance, risk, and compliance
    • Development of ethics, integrity, and organizational risk culture

Target Audience

The 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 and external audit staff
  • Regulatory representatives
  • AML officers
  • Accountants
  • Lawyers
  • All staff working in or aspiring to work in the compliance area

Course Outline

Day 1: The Regulatory Environment and the Role of Regulators

  • An overview of the regulatory environment
  • Objectives of financial services regulation
  • International regulation
  • The role of regulators

Day 2: The Compliance Functions

  • Compliance structure
  • Roles of the board of directors, supervisors, internal and external auditors
  • Responsibilities of compliance officers

Day 3: Risk Management and Compliance Risk

  • Understanding a risk management approach
  • Creating a risk management approach
  • Defining governance, risk, and compliance
  • Identifying, mitigating, and controlling risks effectively

Day 4: Establishing an Effective Compliance Function

  • Factors to consider in designing a compliance system
  • Developing an internal compliance system
  • Implementing and communicating internal compliance arrangements

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

  • Understanding money laundering offences
  • MLRO and compliance officer roles
  • Risk-based approach to money laundering/terrorist financing

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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

In Association With

PetroKnowledge, Oxford Management Centre, and Energy Training Centre are GLOMACS’ esteemed partners in providing the best training services and benefits to our valued clients.