Financial Crime World

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Compliance Training for Financial Professionals in Saint Lucia

In an effort to ensure that financial professionals in Saint Lucia are equipped with the knowledge and skills needed to navigate the complex regulatory landscape, GLOMACS has launched a comprehensive compliance training course.

Objectives

By the end of this intensive training program, participants will be able to:

  • Understand the objectives and roles of regulation
  • Develop good compliance principles
  • Identify and mitigate compliance risks
  • Create an effective compliance manual
  • Build a risk-based customer due diligence process
  • Explore the relationship between compliance and corporate governance
  • Develop strategies for managing risk and preventing financial crimes

Training Methodology

The training methodology includes:

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

Organisational Impact

This training course is designed to benefit organisations in Saint Lucia by providing employees with the skills needed to support regulatory compliance and enterprise-wide risk management. Organisations will gain from:

  • More effective support for their compliance teams
  • Improved compliance monitoring programs
  • Enhanced reputation protection

Personal Impact

Delegates can expect to gain a comprehensive understanding of the regulatory environment, knowledge of their regulator, and practical skills in managing regulatory risk. The course also covers:

  • Ethics
  • Integrity
  • Organisational risk culture
  • Governance
  • Risk
  • Compliance

Who Should Attend?

The course is designed for compliance officers, managers, and other professionals working in or aspiring to work in the compliance area, including:

  • Legal specialists
  • Audit specialists
  • Risk management specialists
  • Operations specialists
  • IT specialists
  • Accountants
  • Lawyers
  • Regulatory representatives

Course Outline

The five-day training program covers topics such as:

  • The regulatory environment and the role of regulators
  • The compliance function
  • Risk management and compliance risk
  • Establishing an effective compliance function
  • Managing the risk of money laundering and financial crimes