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Compliance Training for Financial Institutions in British Indian Ocean Territory: A Guide to Regulatory Compliance

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A comprehensive training program has been introduced in the British Indian Ocean Territory to equip financial institutions with the necessary knowledge and skills to navigate the complex regulatory environment. The Oxford Compliance Regulatory Professionals training course is designed to provide professionals with a deep understanding of compliance principles, regulatory requirements, and risk management best practices.

Course Objectives

Upon completion of this training program, participants will be able to:

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and mitigate compliance risks
  • Create a compliance manual
  • Build a risk-based Customer Due Diligence (CDD) process
  • Protect the organization’s reputation

Training Methodology

The training methodology includes:

  • Case studies to illustrate real-world scenarios
  • Group live instruction for interactive participation
  • Presentations of worked examples to demonstrate concepts
  • Discussion and analysis of regulatory requirements and risks

Organizational Impact

This training program is directly relevant to Certified Compliance Professional (CCP) and will benefit organizations in several ways:

  • More effective support for compliance teams
  • Identification and analysis of applicable regulatory requirements and risks
  • Development of a successful compliance program

Who Should Attend?

This training course is designed for:

Target Audience

  • 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

Course Outline

The training program consists of five days:

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 regulators

Day 2: The Compliance Functions

  • Compliance structure
  • Responsibilities of the compliance officer
  • Key compliance activities and processes

Day 3: Risk Management and Compliance Risk

  • Understanding a risk management approach
  • Creating a risk management approach
  • Identifying, mitigating, and controlling risks effectively

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 arrangements

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

  • Understanding money laundering offenses
  • MLRO and compliance officer roles
  • The risk-based approach to money laundering / terrorist financing

Certificate

Upon successful completion of the training program, participants will receive an Oxford Management Centre Certificate.

Accreditation

This training program is in association with [Oxford Management Centre].