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Namibia’s Regulatory Compliance Training: A Critical Success Factor in Business Operations

In today’s dynamic business landscape, regulatory compliance is a crucial aspect of any organization’s operations. In Namibia, where the regulatory environment is becoming increasingly complex, it is essential that businesses have a comprehensive understanding of the statutory, legal and compliance requirements to ensure they remain compliant with relevant laws and regulations.

Key Highlights

• Understanding the statutory and regulatory environment in Namibia
• Identifying key risk areas, including money laundering, cyber-crime, bribery and corruption, data protection loss and financial services regulation
• Developing best practice risk management techniques to ensure compliance with legal frameworks
• Enhancing skills in ensuring work activities adhere to legal frameworks while minimizing the risk to all who operate within the organization

Objectives

By attending this training course, participants will be able to:

• Identify and determine statutory, legal and compliance requirements within their organization
• Ensure that work activities adhere to legal frameworks while seeking to provide an environment which minimizes the risk to all who operate within it
• Develop skills in ensuring compliance with relevant laws and regulations

Target Audience

This training course is designed for anyone in a compliance or risk management role in business, including:

• Compliance officers and employees
• Risk managers
• Compliance managers, associates and analysts
• Contract executives and managers
• Staff whose job role includes legal compliance responsibilities

Course Outline

The five-day training course will cover the following topics:

Day 1: Understanding Risk, Statutory, Legal and Regulatory Compliance

• Effective legal and regulatory compliance
• Prudential compliance
• Managing regulatory compliance in a dynamic environment

Day 2: Understanding the Legal and Regulatory Environment

• The need for and objectives of law and regulation
• Sources of law and regulation
• Prevention of money laundering and financial crime

Day 3: Industry Knowledge and Awareness

• Codes of corporate governance
• Regulatory principles
• Overview of commercial laws and mechanisms governing legal persons and arrangements

Day 4: Compliance in Practice

• Compliance governance
• Internal and external relationships
• Links between compliance, culture and ethics

Day 5: Legislation of Relevance to the Compliance Function: Risk Management

• Understanding where disputes are most likely to arise
• Understanding regulatory risk
• The risk management process

Endorsement

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.

Collaboration Partners

GLOMACS has collaborated with reputable training providers, including PetroKnowledge, Oxford Management Centre, The Energy Training Centre and KC Academy, to provide comprehensive training services and benefits to clients.