Compliance and Regulatory Issues Training Course.

Introduction

Compliance and regulatory issues are critical considerations for businesses operating in today’s complex financial and legal environment. This 5-day course provides an in-depth understanding of compliance frameworks, regulatory requirements, and best practices for managing compliance risk. Participants will gain the knowledge needed to ensure that their organizations meet legal obligations, protect stakeholder interests, and avoid potential penalties associated with non-compliance.

By the end of the course, participants will be equipped to manage compliance programs, assess regulatory risks, and ensure adherence to regulatory standards in a dynamic business environment.

Course Objectives

• Understand the fundamentals of compliance and its importance to organizational success.
• Gain knowledge of global regulatory frameworks, including financial services regulations and corporate governance requirements.
• Learn how to establish and maintain an effective compliance program.
• Develop strategies for monitoring and reporting compliance risks and regulatory changes.
• Understand the role of compliance officers in managing risk, audits, and investigations.

Who Should Attend?

• Compliance officers, risk managers, and internal auditors.
• Financial professionals, including bankers, accountants, and tax advisors, dealing with regulatory compliance.
• Legal professionals and consultants specializing in corporate governance and compliance.
• Business executives, managers, and leaders involved in compliance and regulatory functions.

Day 1: Introduction to Compliance and Regulatory Frameworks

• Session 1: The Role of Compliance in Business
  • The importance of compliance in business operations.
  • The key principles of regulatory compliance: transparency, accountability, and risk management.
  • The role of compliance officers and their responsibilities within the organization.
  • How compliance relates to corporate governance and ethics.
• Session 2: Global Compliance and Regulatory Frameworks
  • Overview of global regulatory environments: the US, EU, and Asia.
  • Key regulatory bodies: SEC, FCA, ESMA, MAS, and others.
  • The impact of international standards on local regulations: Basel III, IFRS, and GDPR.
  • The relationship between national and international regulations and the importance of staying compliant across borders.
• Session 3: Key Compliance Regulations and Laws
  • Anti-money laundering (AML) and Know Your Customer (KYC) regulations.
  • The Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.
  • Sarbanes-Oxley Act (SOX) and Dodd-Frank Act.
  • Data protection regulations: GDPR, CCPA, and industry-specific laws.

Day 2: Building and Managing a Compliance Program

• Session 1: Designing an Effective Compliance Program
  • Key components of a compliance program: policies, procedures, training, and monitoring.
  • How to assess and manage compliance risks in different areas of the business.
  • Developing compliance policies and aligning them with organizational goals.
  • Integrating compliance with business strategy and operations.
• Session 2: Internal Controls and Risk Management
  • The importance of internal controls in managing regulatory risk.
  • Techniques for implementing effective internal controls: segregation of duties, reporting lines, and audit trails.
  • Identifying and assessing compliance risks: credit risk, market risk, operational risk, and legal risk.
  • Using risk management tools: risk assessments, audits, and stress testing.
• Session 3: Training and Awareness Programs
  • How to implement compliance training programs for employees at all levels.
  • Creating a culture of compliance within the organization.
  • Strategies for engaging senior management in compliance efforts.
  • Monitoring compliance awareness and effectiveness through assessments and feedback.

Day 3: Regulatory Compliance in Financial Services

• Session 1: Compliance in Financial Services
  • Overview of financial services regulations: banking, insurance, investment, and asset management.
  • Regulatory bodies in the financial services industry: FINRA, SEC, PRA, and the role of international regulators.
  • Key financial regulations: MiFID II, EMIR, Basel III, and FATCA.
  • How compliance in financial services impacts business operations, strategy, and growth.
• Session 2: Anti-Money Laundering (AML) and Know Your Customer (KYC)
  • Overview of AML regulations and KYC requirements.
  • Tools and techniques for identifying suspicious transactions and preventing financial crimes.
  • The role of customer due diligence (CDD) and enhanced due diligence (EDD).
  • How to implement and monitor AML and KYC programs.
• Session 3: Financial Crime Risk Management
  • Types of financial crime: money laundering, fraud, market manipulation, and bribery.
  • Investigating and reporting suspicious activities: internal controls, audits, and whistleblower programs.
  • Case studies: High-profile financial crimes and how they were managed.

Day 4: Compliance Reporting, Auditing, and Monitoring

• Session 1: Compliance Reporting and Documentation
  • How to prepare and submit compliance reports: regulatory filings, disclosures, and internal reports.
  • The role of compliance audits and reviews in the reporting process.
  • Key compliance metrics and benchmarks: how to measure compliance effectiveness.
  • Managing regulatory changes: staying updated with new and amended regulations.
• Session 2: Conducting Internal Audits and Investigations
  • The role of internal audits in assessing compliance and risk management effectiveness.
  • How to conduct internal investigations into potential breaches of compliance.
  • Building an audit plan: defining scope, objectives, and methodology.
  • Working with external auditors and regulatory bodies during audits.
• Session 3: Monitoring Compliance and Managing Non-Compliance
  • How to monitor ongoing compliance across the organization.
  • Identifying red flags and warning signs of non-compliance.
  • Corrective actions and remediation: steps to address non-compliance and mitigate risks.
  • Reporting non-compliance and maintaining an open channel with regulators.

Day 5: Current Trends, Challenges, and Future of Compliance

• Session 1: Compliance Technology and Automation
  • The role of technology in enhancing compliance: compliance management systems, data analytics, and automation tools.
  • How artificial intelligence (AI) and machine learning (ML) are being used to detect and prevent financial crimes.
  • Using blockchain for secure, transparent compliance processes.
  • The future of compliance automation and its impact on business operations.
• Session 2: Ethical and Cultural Considerations in Compliance
  • Ethical issues in compliance: balancing business goals with regulatory requirements.
  • Developing ethical decision-making frameworks for compliance professionals.
  • Creating a culture of ethics and transparency within organizations.
• Session 3: The Future of Compliance and Regulatory Challenges
  • The evolving regulatory landscape: trends in global regulation, new regulations, and their impact on business.
  • The challenges of international compliance: managing compliance in multiple jurisdictions.
  • Best practices for staying ahead of regulatory changes and minimizing risk.
  • Case study: How organizations adapt to and thrive under changing regulatory environments.

Course Conclusion

• Recap of Key Learnings
• Interactive Q&A Session
• Certification of Completion
• Networking Opportunity