Financial Crime World

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Compliance Training for Financial Professionals in Samoa: A Must-Have

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In an effort to ensure that financial professionals in Samoa are equipped with the necessary knowledge and skills to support regulatory compliance and enterprise-wide risk management, GLOMACS has launched its Compliance Regulatory Professionals training course.

What You’ll Learn

The intensive and highly practical training program is designed to qualify participants as proficient compliance experts, providing them with the skills to:

  • Build strong relationships with regulators, boards of directors, and colleagues at all levels
  • Establish and maintain effective systems and controls
  • Develop a risk-based Customer Due Diligence (CDD) process
  • Protect businesses from compliance risks

Course Topics

The course covers several essential topics, including:

  • Regulatory objectives and roles
  • Good compliance principles
  • Identifying and mitigating compliance risks
  • Creating a compliance manual
  • Promoting a compliance culture
  • Protecting an organization’s reputation

Who Should Attend

This training program 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
  • All staff working in or aspiring to work in the compliance area

Training Program Schedule

The five-day training program is divided into four days of instruction and one day of examination. The schedule includes:

Day 1: Regulatory Environment and Role of Regulators

  • Covers regulatory objectives, roles, and responsibilities
  • Introduces participants to the role of regulators in ensuring compliance

Day 2: Compliance Function

  • Focuses on the compliance function, including:
    • Role of the board of directors
    • Supervisors’ roles and responsibilities
    • Internal and external auditors’ roles
    • Key compliance activities and processes

Day 3: Risk Management and Compliance Risk

  • Covers topics such as:
    • Understanding a risk management approach
    • Creating a risk management approach
    • Identifying, mitigating, and controlling risks effectively

Day 4: Establishing an Effective Compliance Function

  • Includes factors to be considered in designing a compliance system
  • Covers developing an internal compliance system, implementing and communicating internal compliance arrangements, and creating a compliance monitoring program

Day 5: Managing Risk of Money Laundering and Financial Crimes

  • Covers topics such as:
    • Understanding money laundering offences
    • The risk-based approach to money laundering/terrorist financing
    • Suspicious activity monitoring, detection, and reporting
    • Preventing fraud, bribery, corruption, insider trading, market abuse, sanctions, and their role in the global economy

Continuing Professional Education (CPE) Credits

As an 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. Participants who complete the training program will be eligible for Continuing Professional Education (CPE) credits.

Partnership

GLOMACS has partnered with PetroKnowledge, Oxford Management Centre, and The Energy Training Centre to provide the best training services and benefits to its valued clients.