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Regulatory Compliance Training in Algeria: Ensuring a Conformant and Risk-Minimizing Approach

Algeria’s rapidly evolving business landscape requires organizations to stay abreast of the ever-changing regulatory environment. To navigate these complexities, it is essential for companies to invest in Regulatory Compliance Training that empowers employees with the knowledge and skills needed to support regulatory compliance and enterprise-wide risk management.

Introduction

In Algeria, regulatory bodies have increased their scrutiny on businesses, making it crucial for organizations to ensure they are compliant with all applicable laws and regulations. This GLOMACS Compliance Regulatory Professionals training course is designed to provide delegates with the knowledge and skills required to understand and support regulatory compliance and enterprise-wide risk management.

Objectives

Upon completion 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 effectively
  • Create a compliance culture within their organization
  • Protect their organization’s reputation by ensuring regulatory compliance

Training Methodology

This training course employs a practical approach, utilizing case studies, group live instruction, presentations, and discussions to ensure that participants can translate theoretical knowledge into real-world practice.

Organisational Impact

This training course is of direct relevance to Certified Compliance Professionals (CCPs) and as such, organizations will benefit greatly from their employee’s participation. The organization will gain from:

  • More effective support for compliance teams
  • Selecting a format and content for compliance programs that are appropriate for their business
  • Identifying and analyzing applicable regulatory requirements and risks in business language

Personal Impact

This training course will be of personal benefit to participants, providing them with the skills and knowledge required to:

  • Understand the regulatory environment in Algeria
  • Identify and mitigate compliance risks effectively
  • Create a compliance culture within their organization

Who Should Attend?

This GLOMACS Compliance Regulatory Professionals training course is designed for:

  • Compliance Officers/Managers and their Deputies
  • Managers with responsibility for internal compliance controls
  • Legal, Audit, Risk, Operations, and IT Specialists
  • Risk Managers
  • Staff working in risk functions
  • Internal and External Audit Staff
  • Regulatory Representatives
  • AML Officers
  • Accountants
  • Lawyers

Course Outline

Day 1: The Regulatory Environment and the Role of Regulators

  • An Overview of the Regulatory Environment
  • The Objectives of Financial Services Regulation
  • International Regulation
  • The Role of the Regulators
  • What do the Regulators expect?
  • Your Jurisdiction Environment
  • The Best Practice in Regulatory Obligation
  • ISO 19600: Compliance Management Systems

Day 2: The Compliance Functions

  • Compliance Structure
  • The Role of the Board of Directors, the Supervisors, the Internal and External Auditors
  • Responsibilities of the Compliance Officer
  • Key Compliance Activities and Processes
  • Compliance and Corporate Governance
  • Corporate Governance and Financial Crime Prevention
  • Compliance Training
  • Conflicts of Interest
  • Ongoing Compliance with Laws and Regulations

Day 3: Risk Management and Compliance Risk

  • Understanding a Risk Management Approach
  • Creating a Risk Management Approach
  • The Definition of Governance, Risk, and Compliance
  • The Need for Internal Controls
  • Identify, Mitigate, and Control Risks Effectively
  • Approaches to Risk Assessment
  • The Importance of Compliance Culture
  • Managing Key Relationships – external and internal

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
  • Compliance Manual
  • Establishing Policies and Procedures
  • Creating a Compliance Monitoring Program
  • The Need for Independence
  • Record Keeping – Compliance Reports
  • Managing the Regulators and Change in Regulations

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

  • Understanding Money Laundering Offences
  • MLRO and Compliance Officer
  • The Risk-based Approach to Money Laundering/Terrorist Financing
  • Suspicious Activity Monitoring, Detection, and Reporting
  • Preventing Fraud
  • Bribery and Corruption
  • Insider Trading
  • Market Abuse
  • Sanctions and their Role in the Global Economy

This GLOMACS Compliance Regulatory Professionals training course is designed to deliver the knowledge and skills required to ensure that organizations in Algeria are compliant with all applicable laws and regulations, minimizing risk and ensuring a conformant approach.