Financial Crime World

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Compliance Training for Financial Institutions in Vanuatu

As part of its commitment to promoting good corporate governance practices among financial institutions in Vanuatu, GLOMACS has launched a comprehensive compliance training program designed specifically for the sector.

Objectives

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

  • Improve alignment with their organization’s mission, vision, and values
  • Align risk and compliance in the context of their organization
  • Handle professionally the relationship between Risk Management, Internal Audit, and Compliance
  • Link corporate governance to organizational risk considerations, international frameworks, and standards

Training Methodology

A variety of training methods will be used during the program, including:

  • Brainstorming
  • Lecturing
  • Exercises
  • Group discussion
  • Sharing experiences

This diverse approach ensures that participants stay engaged throughout the training course, feel challenged, and draw quick wins for their development.

Organisational Impact

This compliance training program offers a unique opportunity for financial institutions in Vanuatu to gain up-to-date insights into:

  • Corporate governance
  • Risk management
  • Internal audit
  • Compliance

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

  • Define key principles of good governance, benefits, and barriers
  • Develop strategies for building high-quality governance frameworks
  • Identify the role of the board of directors and Audit Committee
  • Manage governance functions within different business contexts

Personal Impact

Delegates who complete this training program will leave with a newfound appreciation for the importance of compliance in financial institutions. They will also gain practical skills to implement effective risk management, internal audit, and compliance practices within their organizations.

Program Highlights

Day 1: Corporate Governance and Risk Management

  • Introduction to corporate governance
  • Understanding risk management frameworks

Day 2: Compliance and Internal Audit

  • Overview of compliance regulations in Vanuatu
  • Risk-based internal auditing approach

Day 3: Risk-Based Internal Audit and Risk-Based Compliance

  • Risk-based internal audit methodology
  • Definition, responsibilities, and goals of compliance

Day 4: Risk Management and Taxonomies

  • Enterprise risk management framework
  • Identifying risks and how to mitigate them

Day 5: Board’s Role in Crisis Management and Beyond

  • Board’s role during a crisis
  • Crisis management plans

Endorsed 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.

In Association With

Oxford Management Centre, a GLOMACS-Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients. Visit their website for more information.