Compliance and Risk Management
| Duration | 12 months x 2 hours |
| Level | Intermediate |
| Suitable for | As well as being targeted at Compliance Officers, MLROs, MLCOs and other risk management professionals, this programme is also aimed at members of senior management and board members keen to know more about what to expect from the risk control functions within their organisations. |
| CPD hours | 24 hours |
| Cost |
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| Dates |
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Programme Content
Seminar 1: Identifying and Evaluating Risk
Date: 9th February 2010
- Defining risk management
- Identify risk
- Quantify risk
- Managing risk
- Monitoring risk and avoiding expectation gaps
- Encouraging ownership of risk
Seminar 2: Designing and implementing an effective Compliance Framework
Date: 3rd March 2010
- What is compliance risk?
- Analysing the compliance function
- Roles and relationships within the compliance function
- Importance of management information
- Evaluating culture
Seminar 3: Preparing for and Managing a Commission Visit
Date: 31st March 2010
- Preparing staff and management
- Disclosure of documentation – pre-visit
- Types of visit and what to expect
- Common pitfalls and how to avoid them
- Handling a visit
Seminar 4: Handling Enforcement Action
Date: 22nd April 2010
- What is enforcement action?
- Who are the enforcers?
- Responding to production orders
- Avoiding fishing expeditions
- Legal professional privilege
- Managing an internal investigation
- Managing the risk of document destruction and creation
- Issues arising during an inspection process
- Responding to asset seizure attempts
- The likely impact of civil confiscation provisions
Seminar 5: Managing the Risk of Fraud
Date: 13th May 2010
- Emerging frauds
- Analysing different types of fraud (internal/external)
- Fraud detection and prevention
- Who are the fraudsters?
- Fraud and compliance
Seminar 6: Human Factors in Risk Management
Date: 9th June 2010
- What are human factors?
- The importance of human error in procedure driven environments
- Common human factor problems
- Steep authority gradients
- Reliance vacuums
- Dominant individuals
- Identifying and addressing human factor issues
- Developing an effective compliance culture
Seminar 7: Compliance and Corporate Governance
Date: 30th June 2010
- Concepts in corporate governance and how these help manage risk
- Role of the director
- Creating an effective board
- The roles of the executive and NED
- Creating and effectively utilising corporate governance committees e.g. audit, remuneration
- Financial reporting and corporate governance
- Whistleblowing
Seminar 8: Managing the Risk of Funding Terror
Date: 14th July 2010
- Defining terrorism
- The risks
- Terrorist financing objectives
- Terrorist financing methodologies
- Sources of funds
Seminar 9: Criminal Abuse of Trusts and Companies
Date: 8th September 2010
- Money laundering myths and criminals’ real objectives
- Offshore companies and corporate services analysed
- Offshore trusts and trustee services analysed
- The criticality of the fiduciary duty
- Understanding commercial rationale
- AML trust and company vulnerabilities
- Examples of abuse
- Case studies
- KRIs
Seminar 10: Criminal Abuse of Banking Services, Structured Products and SPVs
Date: 6th October 2010
- Vulnerabilities of Private Banking
- Vulnerabilities of SPVs and Funds
- Risk of correspondent accounts and pooled accounts
- Threats from arrangements and arrangers
Seminar 11: Insider Dealing, Market Manipulation and Market Abuse
Date: 10th November 2010
- What is insider dealing?
- What is market manipulation?
- Why the market abuse regime was introduced
- The facilitation of insider dealing through offshore arrangements
- Jersey legislation
Seminar 12: The Basis of US Risk
Date: 8th December 2010
- Information dissemination
- US approach to the investigation and prosecution of financial crime
- New York State law
- Patriot Act
- Role of correspondent accounts
- Supreme Court decision in Pasquantino
- Extradition laws
- Civil liability
Learning Outcomes
- The Programme is designed to equip attendees with sufficient knowledge to assess the adequacy of their organisation’s existing risk management controls and practices and to make enhancements
Additional Information
- Certificates of attendance are provided for each Seminar
- Interchangeable delegate places are available
- An online evaluation questionnaire is sent to all delegates at the end of each seminar