Financial Crime World

Here is the rewritten article in Markdown format:

Compliance Training for Financial Professionals in Timor

======================================================

In a bid to enhance regulatory compliance and enterprise-wide risk management, GLOMACS has launched a comprehensive Compliance Regulatory Professionals training course tailored specifically for financial professionals in Timor. The program aims to equip participants with the knowledge and skills required to support regulatory compliance, manage risks, and promote best practices.

Objectives

By the end of this training course, 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 culture
  • Protect their organization’s reputation
  • Approach compliance with confidence
  • Develop an appropriate Compliance Manual
  • Establish effective systems and controls

Training Methodology

The training course will employ a combination of:

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

to provide delegates with a thorough understanding of regulatory compliance best practices.

Organisational Impact

This training program is designed to benefit organizations directly by:

  • Providing more effective support for their compliance teams
  • Identifying and analyzing applicable regulatory requirements and risks in business language
  • Developing successful compliance programs
  • Gaining greater relevance and reliability of analyzing the regulatory bodies
  • Promoting strategic thinking
  • Enhancing staff preparedness for increased responsibility

Personal Impact

Delegates can expect to gain:

  • A comprehensive understanding of the regulatory environment
  • Knowledge of their regulator
  • Ability to manage regulatory risk for the benefit of their organization
  • Appreciation for governance, risk, and compliance, ethics, integrity, and organizational risk culture
  • Understanding of the importance of managing financial crime risks

Who Should Attend

This training course is designed for:

  • Compliance Officers/Managers and 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
  • All staff working in or aspiring to work in the compliance area

Course Outline

The five-day training course will cover topics including:

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