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Compliance Training for Financial Professionals in Kiribati

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GLOMACS, a leading provider of professional development courses, is pleased to announce its Compliance Regulatory Professionals training program specifically designed for financial professionals in Kiribati. This comprehensive course aims to equip participants with the knowledge and skills necessary to understand and support regulatory compliance and enterprise-wide risk management.

Objectives


Upon completion of this training course, participants will be able to:

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and mitigate compliance risks
  • Create an appropriate Compliance Manual
  • Establish a compliance culture within their organization
  • Protect their organization’s reputation

Training Methodology


The training methodology includes:

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

Organizational Impact


This training course is designed to benefit organizations in Kiribati by providing employees with the skills and knowledge necessary to support regulatory compliance. Organizations will gain from:

  • More effective support for compliance teams
  • Greater relevance and reliability of analyzing regulatory bodies
  • More strategic thinking and focus on performance

Personal Impact


Participants will also benefit personally by gaining a comprehensive understanding of the regulatory environment, knowing their regulator, and developing skills in managing regulatory risk.

Who Should Attend?


This 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


The course will cover the following topics:

Day 1: The Regulatory Environment and the Role of Regulators

Topics covered:

  • An Overview of the Regulatory Environment
  • International Regulation
  • The Role of Regulators
  • Your Jurisdiction Environment
  • Best Practices in Regulatory Obligation

Day 2: The Compliance Functions

Topics covered:

  • Compliance Structure
  • Roles of the Board of Directors, Supervisors, Internal and External Auditors
  • Responsibilities of the Compliance Officer
  • Key Compliance Activities and Processes
  • Compliance and Corporate Governance
  • Financial Crime Prevention

Day 3: Risk Management and Compliance Risk

Topics covered:

  • Understanding a Risk Management Approach
  • Creating a Risk Management Approach
  • Definition of Governance, Risk, and Compliance
  • Need for Internal Controls
  • Identifying, Mitigating, and Controlling Risks Effectively
  • Approaches to Risk Assessment
  • Importance of Compliance Culture

Day 4: Establishing an Effective Compliance Function

Topics covered:

  • Factors to be Considered in Designing a Compliance System
  • Developing an Internal Compliance System
  • Implementing and Communicating Internal Compliance Arrangements
  • Compliance Manual
  • Establishing Policies and Procedures
  • Creating a Compliance Monitoring Program

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

Topics covered:

  • Understanding Money Laundering Offences
  • MLRO and Compliance Officer Roles
  • Risk-Based Approach to Money Laundering/Terrorist Financing
  • Suspicious Activity Monitoring, Detection, and Reporting
  • Preventing Fraud, Bribery, Corruption, Insider Trading, Market Abuse, and Sanctions

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.