Chrome Consultants

Compliance & Regulatory Skill Development for Fraud Prevention Professionals

Program description & objectives

Program description & objectives This insightful and contemporary compliance regulatory training course is designed to provide delegates with the knowledge and skills needed to understand and support regulatory compliance and enterprise wide risk management. Delegates would also avail of expanded knowledge on how to deal with the rules, the markets, products and transactions, to promote best practices and international standards that align with business and regulatory requirements. This is an intensive and highly practical training program that qualifies delegates to become proficient in compliance. It provides the necessary skills to build the right relation with regulators, board of directors, and to deal with individuals at all levels of organizations. This training course covers several topics regarding the regulatory bodies required for all organizations to establish and maintain effective systems and controls, to develop effective compliance monitoring programs, and to build a risk-based Customer Due Diligence (CDD) process. This process would provide organizations with the best techniques to manage effectively and responsibly in compliance with all applicable laws and regulations. Additionally, the advanced tools provided would alert regulators to compliance risks and supports professional standards and internal policies in corporate governance and risk management. It is expected that at the end of this training course, delegates would be able to: - Understand the objectives & roles of regulation - Understand the responsibilities of compliance - Develop a good understanding of compliance principles - Understand the concept of Compliance and the efforts being made to manage the risk related to it - Have the skills required to approach compliance and its related functions with confidence - Identify and understand compliance risks, and the consequences of noncompliance, to mitigate effectively the risk of compliance breaches - Develop an appropriate Compliance Manual - Create a compliance culture - Protect the organization’s reputation - The relationship between Compliance and Corporate Governance - Develop compliance programs to fight money laundering practices, and to apply Corporate Governance rules - Develop best strategies to help managers and prevent risk within your firm

Venues, Dates & Cost

VenuesDubaiDublinEdmontonGhanaLondonNigeria
DatesTBDTBDTBDTBDTBDTBD
Cost$3,800 per participant (USD)(=N=)

For Whom

  • Compliance Officers, Team Leaders, and Managers
  • Regulators of Foreign Exchange Markets and Operations
  • Financial Crime & Fraud Prevention Employees

Snapshot of Course Content

MODULE 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

MODULE 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

MODULE 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

MODULE 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

MODULE 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