Legal Compliance Monitoring

Rule of Law, Democracy & Human Rights

Course Overview

This Legal Compliance Monitoring training course is designed to provide with the knowledge and skills needed to understand and support regulatory compliance and enterprise wide risk management. Also, to know 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 Legal Compliance Monitoring training program qualifying you to become proficient in compliance. It provides the necessary skills to build right relation with your regulators, your board of directors and to deal with individuals at all levels of your organization.

This Legal Compliance Monitoring training course also covers several topics regarding the regulatory bodies for all firms to establish and maintain effective systems and controls, to develop effective compliance monitoring program and to build a risk based Customer Due Diligence (CDD) process. It provides you with the best techniques to manage effectively and responsibly in compliance with all applicable laws and regulations. As well the advanced tools to protect your business from compliance risk and supports you with professional standards and internal policies in corporate governance and risk management.

Course Objectives

  • 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

Course Outline

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

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

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

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 ƒ Compliance Reports
  • Managing the Regulators and Change in Regulations

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
MagnaSkills
Study Online

From $ 250.00

1 Week Face to Face Classes

From $ 2500.00

1 Week Face to Face Classes

From $ 3200.00

Course Features
  • 2926 Views
  • 8 Weeks Online
  • 1-2 Weeks Classes
  • Certified

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