Compliance and the Management of Compliance Risk

Audiance

All staff who need a working knowledge of Compliance and the Management of Risk

Format of the course

A combination of:

• Facilitated Discussions
• Slide Presentations
• Case Studies
• Examples

Course Objectives

By the end of this course, delegates will be able to:

• Understand the major facets of Compliance and the national and international efforts being made to manage the risk related to it
• Define the ways in which a company and its staff might set up a Compliance Risk Management Framework
• Detail the roles of Compliance Officer and Money Laundering Reporting Officer and how they should be integrated into a business
• Understand some other “hot spots” in Financial Crime – especially as they relate to International Business, Offshore Centres and High-Net-Worth Clients

The basics of Compliance and the Management of Compliance Risk

• Understanding Compliance and the Risk associated with it
  • What are important areas in 2021?
  • Who are the Compliance Officers’ and Money Laundering Reporting Officers’ Stakeholders?
  • Understanding and mitigating the risks of non-compliance

Creating and Managing a Compliance Risk Management Framework

• Understanding a Risk-Management Approach
• The impact on the business – positively and negatively – of creating a Risk-Management Approach

Compliance and Corporate Governance

• What is Corporate Governance?
• How does it interact with Compliance?
• Who are the Stakeholders?
• Corporate Governance principles
• Management Committees
• Codes and Guidelines
• Corporate Governance and Financial Crime Prevention

Compliance Controls and Checks

• What do the Regulators expect?
• Creating a Compliance Monitoring Programme

Other Financial Crime considerations

• Money Laundering and Terrorist Financing – a fresh look
• Fraud
• Data Protection and Information Security
  • Personal and Sensitive Information
  • Data Protection Policies
• Bribery and Corruption
  • UK Bribery Act 2010
  • USA Foreign & Corrupt Practices Act
  • Other areas for consideration
• Impact of Brexit
• Market Abuse and Insider Dealing
• Sanctions

Financial Crime in International Business, in Offshore Centres and with High-Net-Worth Clients

• Why do financial criminals target International Business, Offshore Centres and High-Net-
• Worth clients?
• What are the major risks in undertaking this business?

The Future

• Where are today’s Compliance and its Risk Management hotspots…?