Wallis and Futuna Banks Embark on Compliance Training Journey
Strengthening Compliance and Risk Management Practices
In a move to enhance their compliance and risk management practices, banks in Wallis and Futuna have launched an intensive training program designed to equip them with the necessary knowledge and skills to navigate the complexities of international banking and commercial payments.
Intensive Five-Day Training Course
The five-day training course is led by experts from Oxford Management Centre and focuses on providing a deep understanding of the legal and regulatory frameworks governing international banking and payment systems. Participants will gain practical insights into the commercial and financial considerations that underpin these systems, as well as learn about emerging trends and technologies in the international banking and payment landscape.
Key Topics Covered
- International payment systems
- Letters of credit
- Bank guarantees
- Trade financing
- Anti-money laundering (AML) and counter-terrorist financing (CTF)
- Sanctions and embargoes
- Compliance management and governance
- Operational risks and fraud prevention
- Emerging trends and technologies in international banking and payments
Interactive Sessions and Networking Opportunities
Participants will have the opportunity to engage in interactive sessions, role plays, and group discussions with industry peers, creating a network of contacts that can be leveraged for future collaborations and knowledge sharing.
Certification and Career Advancement
At the end of the training course, participants will receive an Oxford Management Centre Certificate, recognizing their completion of the program. The certification is expected to enhance the career prospects of bankers in Wallis and Futuna, providing them with a competitive edge in the job market.
Improved Customer Satisfaction, Reduced Risk, and Increased Efficiency
The goal of this training program is to enhance the compliance capabilities of our banks and ensure they are equipped to navigate the ever-changing regulatory environment," said a spokesperson for the Wallis and Futuna Financial Regulatory Authority. “We believe that by investing in the development of our bankers, we can improve customer satisfaction, reduce risk, and increase efficiency.”