Financial Crime World

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Compliance Training for Financial Professionals in Macao: Empowering Regulatory Compliance

Macao, a major financial hub in Asia, requires its professionals to be well-versed in regulatory compliance. To meet this demand, GLOMACS offers an intensive Compliance Regulatory Professionals training course designed to equip participants with the knowledge and skills needed to support regulatory compliance and enterprise-wide risk management.

Understanding the Regulatory Environment

The course begins by providing an overview of the regulatory environment, including:

  • The objectives of financial services regulation
  • International regulation
  • Jurisdiction’s regulatory framework
  • Best practices in regulatory obligation

Participants will gain a comprehensive understanding of the regulatory landscape and its implications for financial professionals.

Developing a Compliance Function

On day two, participants will delve into the compliance function, covering:

  • The role of the board of directors, supervisors, internal auditors, and compliance officers
  • Key compliance activities and processes, such as:
    • Compliance training
    • Conflicts of interest
    • Risk management
  • Participants will learn how to establish a robust compliance framework that ensures effective risk mitigation.

Managing Risk and Compliance Risk

Day three focuses on risk management and compliance risk, including:

  • Understanding a risk management approach
  • Creating a risk management approach
  • Identifying, mitigating, and controlling risks effectively
  • Participants will develop the skills necessary to identify and manage potential risks in their organizations.

Establishing an Effective Compliance Function

On day four, participants will learn about factors to consider in designing a compliance system, including:

  • Developing an internal compliance system
  • Implementing and communicating internal compliance arrangements
  • Establishing policies and procedures
  • Participants will gain practical knowledge on how to design and implement an effective compliance framework.

Managing the Risk of Money Laundering and Financial Crimes

The final day covers understanding money laundering offences, including:

  • The risk-based approach to money laundering/terrorist financing
  • Suspicious activity monitoring, detection, and reporting
  • Preventing fraud, bribery, corruption, insider trading, market abuse, and sanctions
  • Participants will learn how to identify and mitigate the risks associated with financial crimes.

Who Should Attend?

This comprehensive course is designed for:

  • 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 and external audit staff
  • Regulatory representatives
  • AML officers
  • Accountants
  • Lawyers
  • All staff working in or aspiring to work in the compliance area

Course Benefits

Upon completing this course, participants will be able to:

  • Understand the regulatory environment and international regulation
  • Develop a compliance function that includes key activities and processes
  • Manage risk and compliance risk effectively
  • Establish an effective compliance system
  • Prevent money laundering and financial crimes

GLOMACS: A Trusted 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.