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Compliance Regulatory Professionals Training Course Launched in Christmas Island

GLOMACS, a leading provider of corporate education, has launched its Compliance Regulatory Professionals training course in Christmas Island. This intensive program is designed to equip professionals with the knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management.

Understanding the Importance of Regulatory Compliance

The course emphasizes the significance of regulatory compliance in maintaining an organization’s reputation and minimizing the risk of non-compliance. Participants will learn how to navigate complex regulatory environments, identify and mitigate compliance risks, and foster a compliance-oriented culture within their organizations.

Course Objectives

Upon completion of the program, participants will be able to:

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and understand compliance risks, and the consequences of non-compliance
  • Create a compliance culture
  • Protect an organization’s reputation

Training Methodology

The Compliance Regulatory Professionals training course utilizes a combination of case studies, group live instruction, presentation, and discussion to provide participants with hands-on experience in navigating real-world regulatory scenarios. The program is designed to be interactive, encouraging participation and engagement from all attendees.

Organizational Impact

The course is of direct relevance to Certified Compliance Professional (CCP) and will benefit organizations by providing:

  • More effective support for compliance teams
  • Improved regulatory analysis
  • Strategic thinking and focus on performance
  • Preparation of staff for increased responsibility

Personal Impact

Participants will gain a deeper understanding of the complete regulatory environment, learn how to manage regulatory risk for the benefit of their firm, and understand the importance of governance, risk, and compliance.

Target Audience

The Compliance Regulatory Professionals training course is designed to deliver the knowledge and skills required by:

  • 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

Course Outline

The course will cover the following topics:

Day 1: The Regulatory Environment and the Role of Regulators

  • An Overview of the Regulatory Environment
  • The Objectives of Financial Services Regulation
  • International Regulation
  • The Role of the Regulators
  • What do the Regulators Expect?
  • Your Jurisdiction Environment
  • The Best Practice in Regulatory Obligation
  • ISO 19600: Compliance Management Systems

Day 2: The Compliance Functions

  • Compliance Structure
  • The Role of the Board of Directors, the Supervisors, the Internal and External Auditors
  • Responsibilities of the Compliance Officer
  • Key Compliance Activities and Processes
  • Compliance and Corporate Governance
  • Corporate Governance and Financial Crime Prevention
  • Compliance Training
  • Conflicts of Interest
  • Ongoing Compliance with Laws and Regulations

Day 3: Risk Management and Compliance Risk

  • Understanding a Risk Management Approach
  • Creating a Risk Management Approach
  • The Definition of Governance, Risk, and Compliance
  • The Need for Internal Controls
  • Identify, Mitigate, and Control Risks Effectively
  • Approaches to Risk Assessment
  • The Importance of Compliance Culture
  • Managing Key Relationships – External and Internal

Day 4: Establishing an Effective Compliance Function

  • Factors to be Considered in Designing a Compliance System
  • Developing an Internal Compliance System
  • Implementing and Communicating Internal Compliance Arrangement
  • Compliance Manual
  • Establishing Policies and Procedures
  • Creating a Compliance Monitoring Program
  • The Need for Independence
  • Record Keeping & Compliance Reports
  • Managing the Regulators and Change in Regulations

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

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