Financial Crime World

Here is the article in Markdown format:

Burkina Faso: GLOMACS Unveils Compliance Training for Financial Professionals

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

In a move aimed at strengthening regulatory compliance and enterprise-wide risk management in Burkina Faso’s financial sector, GLOMACS has launched a comprehensive training program designed specifically for financial professionals.

Compliance Regulatory Professionals Training Course

The five-day Compliance Regulatory Professionals training course is designed to equip participants with the knowledge and skills required to understand and support regulatory compliance, as well as develop effective systems and controls to mitigate risk. The program is tailored to meet the specific needs of Burkina Faso’s financial industry, taking into account the country’s unique regulatory environment.

Objectives

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

  • Understand the objectives and roles of regulation
  • Develop a good understanding of compliance principles
  • Identify and mitigate effective compliance risks
  • Create a compliance culture within their organization
  • Protect their organization’s reputation

Organisational Impact

The training is designed to benefit organizations in several ways, including more effective support for compliance teams, improved regulatory risk management, and enhanced corporate governance.

Personal Impact

Participants will also gain valuable insights into the regulatory environment, learn how to manage regulatory risk, and understand the importance of governance, risk, and compliance.

Who Should Attend?

The training is open to all financial professionals working in or aspiring to work in the compliance area, including:

  • Compliance officers and managers
  • Risk managers
  • Legal and audit specialists
  • Internal and external audit staff
  • Regulatory representatives
  • AML officers
  • Accountants
  • Lawyers

Program Outline

Day 1: The Regulatory Environment and the Role of Regulators

  • An overview of the regulatory environment
  • International regulation
  • The role of regulators
  • Best practices in regulatory obligations

Day 2: The Compliance Functions

  • Compliance structure
  • Responsibilities of compliance officers
  • Key compliance activities and processes
  • Corporate governance and financial crime prevention

Day 3: Risk Management and Compliance Risk

  • Understanding a risk management approach
  • Creating a risk management approach
  • Identifying, mitigating, and controlling risks effectively
  • Approaches to risk assessment
  • The importance of compliance culture

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
  • Creating a compliance monitoring program

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

  • Understanding money laundering offenses
  • 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

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

PetroKnowledge, Oxford Management Centre, and The Energy Training Centre have collaborated with GLOMACS to provide the best training services and benefits for valued clients.