Financial Crime World

Regulatory Compliance Training in Palau: Empowering Professionals for Effective Risk Management

In today’s complex regulatory environment, organizations in Palau must navigate a multitude of laws, regulations, and standards to ensure compliance. To support this effort, GLOMACS offers the Compliance Regulatory Professionals training course, designed to equip professionals with the knowledge and skills necessary to understand and support regulatory compliance and enterprise-wide risk management.

Course Overview

This intensive and highly practical training course covers various topics, including:

  • Establishment of effective systems and controls
  • Development of a compliance monitoring program
  • Construction of a risk-based Customer Due Diligence (CDD) process

Learning Objectives

Upon completion, professionals will be able to:

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

Training Methodology

The training methodology includes:

  • Case studies
  • Group live instruction
  • Presentation
  • Discussion of worked examples

Participants will receive an overview of best practices in regulatory compliance and learn how to:

  • Understand the complete regulatory environment
  • Know their regulator
  • Manage regulatory risk for the benefit of their firm
  • Develop a good understanding of compliance principles

Target Audience

This training course is designed for:

  • Compliance Officers/Managers
  • 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 Schedule

The course is scheduled over five days, covering topics such as:

Day 1: The Regulatory Environment and the Role of Regulators

  • Understanding the regulatory environment
  • Roles and objectives of regulation

Day 2: The Compliance Functions

  • Core responsibilities of compliance
  • Foundational principles governing compliance areas

Day 3: Risk Management and Compliance Risk

  • Identifying and mitigating compliance risks effectively
  • Creating a risk-based Customer Due Diligence (CDD) process

Day 4: Establishing an Effective Compliance Function

  • Development of a compliance monitoring program
  • Creation of a compliance culture

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

  • Best practices in regulatory compliance
  • Understanding the complete regulatory environment

Accreditation

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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website.

Endorsements

The course has been endorsed by PetroKnowledge, Oxford Management Centre, and The Energy Training Centre, which aims to provide the best training services and benefits for valued clients.

By attending this comprehensive training course, professionals in Palau will gain the knowledge and skills necessary to navigate the complex regulatory environment, ensure effective risk management, and support enterprise-wide compliance.