Financial Crime World

Compliance Training for Financial Professionals in Faroe Islands

GLOMACS, a leading provider of financial education, has launched a specialized compliance regulatory professionals training course designed specifically for financial professionals in the Faroe Islands. This comprehensive and practical program equips participants with the knowledge and skills necessary to understand and support regulatory compliance and enterprise-wide risk management.

Course Objectives

The five-day course covers various topics, including:

  • Objectives and roles of regulation
  • Responsibilities of compliance
  • Principles of compliance
  • Compliance regulations, risks, and consequences of non-compliance
  • Developing effective compliance monitoring programs
  • Building a risk-based Customer Due Diligence (CDD) process
  • Managing regulatory risk

Target Audience

This course is designed for:

  • Compliance officers
  • Managers
  • Legal professionals
  • Audit and risk specialists
  • Operations staff
  • IT personnel
  • Internal and external auditors
  • Regulatory representatives
  • AML officers
  • Accountants
  • Lawyers
  • Anyone working in or aspiring to work in the compliance area

Training Methodology

Throughout the training program, participants will engage in:

  • Case studies
  • Group discussions
  • Presentations
  • Interactive participation

Endorsement and Accreditation

The course is endorsed by the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Benefits for Organizations

Employee participation in this training program can bring numerous benefits to organizations, including:

  • More effective support for compliance teams
  • Identifying and analyzing applicable regulatory requirements
  • Developing successful compliance programs

Personal Benefits

Delegates will also gain personal benefits, such as:

  • Understanding the complete regulatory environment
  • Knowing their regulators
  • Managing regulatory risk

Sponsorship Information

GLOMACS is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Association and Partnerships

This training course is in association with PetroKnowledge, Oxford Management Centre, and The Energy Training Centre.

Registration Information

For more information or to register for the Compliance Regulatory Professionals training course, please visit [insert website URL].