Financial Crime World

Here is the converted article in Markdown format:

Sudanese Financial Professionals Urged to Comply with Regulatory Requirements

Khartoum, Sudan - GLOMACS has launched a comprehensive training program for financial professionals in Sudan to ensure compliance with regulatory requirements.

Understanding the Objectives of Regulation

The five-day “Compliance Regulatory Professionals” course covers various aspects of regulation, including:

  • The objectives and roles of regulatory bodies
  • Compliance principles
  • Risk management strategies Participants will gain a thorough understanding of:
    • Compliance risks
    • Consequences of non-compliance
    • Best practices in managing regulatory requirements

Establishing Effective Compliance Systems

The course also focuses on establishing effective compliance systems, including:

  • Designing internal controls
  • Implementing compliance monitoring programs
  • Creating compliance manuals Participants will learn how to:
    • Identify and mitigate compliance risks
    • Develop strategies for preventing financial crimes such as money laundering and fraud

Developing a Risk-Based Approach

The training program emphasizes the importance of developing a risk-based approach to compliance, which involves:

  • Identifying, assessing, and managing risks Participants will learn how to use this approach to protect their organizations from regulatory breaches and maintain a positive reputation.

Benefit for Organizations

By attending this training program, financial professionals in Sudan can enhance their knowledge and skills in compliance management, leading to improved organizational performance and reduced risk of regulatory breaches. The course is designed to benefit all staff working in or aspiring to work in the compliance area, including: + Compliance officers + Managers + Regulators

Endorsed by Regulatory Bodies

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. This endorsement recognizes GLOMACS’ commitment to providing high-quality training programs that meet regulatory requirements.

Collaboration with Leading Training Providers

GLOMACS has collaborated with leading training providers, including: + PetroKnowledge + Oxford Management Centre + Energy Training Centre to provide a comprehensive range of training services to financial professionals in Sudan.