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 Duration 21 hours

Course Outline

Fundamentals of Compliance and Compliance Risk Management

  • Grasping Compliance and the risks it entails
    • Key areas of focus
    • Stakeholders of Compliance Officers and Money Laundering Reporting Officers
    • Mitigating the consequences of non-compliance

Establishing and Overseeing a Compliance Risk Management Framework

  • Adopting a Risk-Management perspective
  • The dual impact on business – both positive and negative – of implementing a Risk-Management strategy

Compliance and Corporate Governance

  • Defining Corporate Governance
  • The intersection of Corporate Governance and Compliance
  • Identifying key Stakeholders
  • Core principles of Corporate Governance
  • Roles of Management Committees
  • Relevant Codes and Guidelines
  • The role of Corporate Governance in preventing Financial Crime

Compliance Controls and Verification Processes

  • Regulatory expectations
  • Developing a Compliance Monitoring Program

Additional Financial Crime Concerns

  • Money Laundering and Terrorist Financing – A contemporary perspective
  • Fraud prevention
  • Data Protection and Information Security
    • Handling Personal and Sensitive Data
    • Data Protection Policies
  • Bribery and Corruption
    • UK Bribery Act 2010
    • USA Foreign & Corrupt Practices Act
    • Other relevant considerations
  • Consequences of Brexit
  • Market Abuse and Insider Trading
  • Sanctions compliance

Financial Crime in International Business, Offshore Centers, and High-Net-Worth Client Services

  • Motivations behind financial criminals targeting International Business, Offshore Centers, and High-Net-Worth clients
  • Primary risks associated with engaging in these sectors

Looking Ahead

  • Current hotspots in Compliance and its Risk Management

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