Financial Crime World

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Palau’s Financial Professionals Get Compliance Training Boost

In a bid to promote regulatory compliance and enterprise-wide risk management, GLOMACS has launched a comprehensive training program for financial professionals in Palau.

Program Overview

The “Compliance Regulatory Professionals” course aims to equip participants with the knowledge and skills needed to navigate the complex regulatory landscape and ensure their organizations comply with all applicable laws and regulations. The five-day intensive program covers a range of topics, including:

  • Objectives and roles of regulation
  • Compliance principles
  • Risk management
  • Corporate governance

Participants will learn how to:

  • Develop effective compliance monitoring programs
  • Build risk-based Customer Due Diligence processes
  • Manage regulatory risk

Target Audience

The training course is designed to benefit a wide range of professionals, including:

  • Compliance officers
  • Managers
  • Legal specialists
  • Audit staff
  • Anyone working in or aspiring to work in the compliance area

Training Methodology

The training methodology includes:

  • Case studies
  • Group live instruction
  • Presentation and discussion of worked examples
  • Interactive participation and role-playing exercises

Partnerships

GLOMACS has partnered with several reputable organizations, including:

  • PetroKnowledge
  • Oxford Management Centre
  • The Energy Training Centre

NASBA Endorsement

The organization has also received endorsement from the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Benefits

With this comprehensive training program, financial professionals in Palau can gain the skills and knowledge needed to stay ahead of regulatory requirements and protect their organizations from compliance risk.