Financial Crime World

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Compliance Regulatory Professionals Training in Palau

In today’s increasingly complex regulatory environment, it is essential for organizations to have a robust compliance program in place. This training course, designed by Oxford Compliance Regulatory Professionals, aims to equip participants with the knowledge and skills needed to understand and support regulatory compliance and enterprise-wide risk management.

Course Objectives

By the end of this comprehensive training course, participants will be able to:

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

Training Methodology

This interactive training program includes case studies, group live instruction, presentation, discussion of worked examples, role-playing, and group discussions. Participants will be encouraged to participate actively in the learning process.

Organizational Impact

The benefits of this training course are numerous:

  • More effective support for compliance teams
  • Improved relevance and reliability of analyzing regulatory bodies
  • Greater strategic thinking and focus on performance
  • Preparation of staff for increased responsibility

Personal Impact

This training course will provide participants with a comprehensive understanding of the regulatory environment, compliance in practice, and managing regulatory risk. They will also learn about ethics, integrity, and organizational risk culture.

Who Should Attend?

This 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 & External Audit Staff
  • Regulatory Representatives
  • AML Officers
  • Accountants
  • Lawyers
  • All staff working in or aspiring to work in the compliance area

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 Arrangement
  • Compliance Manual
  • Establishing Policies and Procedures
  • Creating a Compliance Monitoring Programme
  • 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

Certificate

Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.