Financial Crime World

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Compliance Training for Financial Institutions in British Indian Ocean Territory

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A Critical Step Towards Regulatory Compliance and Risk Management

In today’s increasingly complex regulatory landscape, financial institutions operating in the British Indian Ocean Territory face significant challenges in ensuring compliance with laws and regulations. Non-compliance can result in hefty fines, reputational damage, and even business closure.

Course Overview

To address these challenges, GLOMACS is proud to offer a comprehensive Compliance Regulatory Professionals training course designed specifically for financial institutions operating in the British Indian Ocean Territory. This intensive program provides participants with the knowledge and skills required to understand and support regulatory compliance and enterprise-wide risk management.

Course Objectives

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and mitigate compliance risks effectively
  • Establish effective systems and controls for regulatory compliance
  • Create a compliance culture within their organization

Training Methodology

The training methodology includes:

  • Case studies
  • Group live instruction
  • Presentation and discussion of worked examples
  • Role-playing
  • Interactive participation
  • Hands-on approach to translate theoretical knowledge into real-world practice

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 & External Audit Staff
  • Regulatory Representatives
  • AML Officers
  • Accountants
  • Lawyers

Course Outline

The course is divided into five days, covering the following topics:

Day 1: The Regulatory Environment and the Role of Regulators

Day 2: The Compliance Functions

Day 3: Risk Management and Compliance Risk

Day 4: Establishing an Effective Compliance Function

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

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.

Partnerships

PetroKnowledge, Oxford Management Centre, and The Energy Training Centre are proud partners of GLOMACS in providing high-quality training services to our valued clients.