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Central African Republic: Compliance Training for Financial Professionals

In a move to strengthen regulatory compliance and risk management in the Central African Republic, leading training provider GLOMACS has launched a comprehensive Compliance Regulatory Professionals training course. The course is designed to equip financial professionals with the knowledge and skills needed to navigate the complex regulatory environment and ensure that their organizations remain compliant.

Understanding the Regulatory Environment

Day 1: Overview of the Regulatory Framework

The first day of the training course focuses on the regulatory environment and the role of regulators in the Central African Republic. Participants will gain an overview of the regulatory framework, including:

  • Objectives of financial services regulation
  • International regulation
  • Role of local regulators
  • Best practices in regulatory obligation and how to apply them in daily work

Compliance Functions

Day 2: Structure of a Compliance Department

Day two delves into the compliance functions, including:

  • Structure of a compliance department
  • Role of the board of directors, supervisors, internal auditors, and external auditors
  • Key compliance activities and processes
  • Corporate governance
  • Financial crime prevention
  • Ongoing compliance with laws and regulations

Risk Management and Compliance Risk

Day 3: Understanding and Mitigating Risks

On day three, participants will explore risk management and compliance risk, including:

  • Understanding a risk management approach
  • Creating a risk management approach
  • Identifying, mitigating, and controlling risks effectively
  • Importance of compliance culture and managing key relationships – external and internal

Establishing an Effective Compliance Function

Day 4: Designing and Implementing a Compliance System

Day four focuses on establishing an effective compliance function, including:

  • Factors to be considered in designing a compliance system
  • Developing an internal compliance system
  • Implementing and communicating internal compliance arrangements
  • Creating a compliance monitoring program
  • Need for independence, record-keeping, and managing regulators

Managing Risk of Money Laundering and Financial Crimes

Day 5: Preventing and Detecting Financial Crimes

The final day addresses managing risk of money laundering and financial crimes, including:

  • Understanding money laundering offenses
  • 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, sanctions, and their role in the global economy

Who Should Attend

This comprehensive training course is designed for:

  • Compliance officers/managers and 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

About GLOMACS

GLOMACS is a leading training provider that offers a wide range of courses and training programs for professionals across various industries. With its expertise and experience in providing high-quality training solutions, GLOMACS has established itself as a trusted partner for organizations seeking to enhance their workforce’s skills and knowledge.

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.