Compliance
Compliance By attending this two-day compliance training program, the participants will gain real-world solutions to improve their compliance policies, procedures and day-to-day practices. Also, the participants will be able to understand the threats and triggers related to money laundering and terrorist financing faced by banks, and address the responsibilities for the implementation of a sound framework of preventive measures in line with international standards and regulators’ expectations.
Objective: At the end of the course, the participants should be able to: To understand and deal with the compliance rules and regulations Understand the risk based approach to anti-money laundering Identify countering terrorist financing techniques Comprehend the notions of customer due diligence and Know-Your-Customer requirements in the internal organisation, procedures and controls of banks Thoroughly understand the role and responsibilities of the management and compliance functions in banks
Participants’ Profile: The seminar is addressed to compliance professionals, audit managers and financial controllers. Participants should have a good understanding of financial markets & terminology, and a fair appreciation of compliance issues.
SEMINAR DETAILS Dates: Time: Venue: Language: Cost: Lecturer:
4-5 Dec 2013; 18-19 Mar 2014 09:00 – 17:00 Globaltraining Bucharest English € 300 + VAT Mr. Soteris Komitis, MSc, ACIB
Lecturer’s Profile: Soteris Komitis, MSc, ACIB Mr. Soteris Komitis is an experienced professional banker working with one of the largest banks in Cyprus since 1980. His most recent positions include: Jan 2009 – to date: Manager of Trade Services, Cyprus 2008: Assistant Manager of Trade Services, Cyprus 2006 – 2007: Head of Trade Services for the Nicosia region 2000 – 2005: Head of Operations Analysis Department of the Bank´s Group Organization and Methods Services 1997 – 1999: Branch Manager He has been a tutor in the banking/finance sector for the last 16 years and he specializes in the theory and application of International Trade Finance, Lending, Risk Analysis & Evaluation, and other related topics. Soteris is a professional banker himself and is a holder of the following UK professional and academic qualifications: - ACIB (Associate of the Chartered Institute of Bankers - UK) - MSc in Training (Masters Degree with University of Leicester) Soteris likes to make his teaching a lively, emotional, hands-on, and therefore a memorable experience. He ensures his courses are interactive and ensures that his audience will be able to match the theory with the practical aspect of each topic covered.
Contact Details: For more information and/or for registrations, please contact us at: [email protected], telephone: +4031.425.36.63, +4021.312.88.11.
Schedule: Day 1 Time 09:00-10:30
C O M P L I A N C E
Dur ation 1:30
Descr iption INTRODUCTION Compliance: compliance function, areas Compliance principles Compliance risk: identification and managing Investigation concerning possible breach of compliance policy Compliance risk evaluation using compliance ratios Compliance monitoring and testing Comparison between compliance and legal risk Methods for Prevention of Money Laundering and terrorist financing Macro and micro consequences
10:30-11:00
0:30
11:00-12:30
1:30
B r e a k
INTERNATIONAL STANDARDS The FATF standards The European Union Directive The Basle Committee’s papers RISK BASED APPROACH Basic principles Issues and responses for banks Pros and cons Costs and benefits
12:30-13:30
1:00
13:30-15:00
1:30
L u n c h
B r e a k
CUSTOMER IDENTIFICATION AND DUE DILIGENCE PROCEDURES The purpose of ‘Know Your Customer’ Detailed analysis and practical considerations of customer identification and due diligence procedures Identification of beneficial owners: law, directives and practices; PEP’s identification: law, directives and practices; High and low risk customers/situations Terrorist/sanctions lists and trade embargoes Monitoring of customers and transactions
15:00-15:30
0:30
B r e a k
15:30-17:00
1:30
Recognizing unusual and suspicious activities/transactions Risks associated with wire transfers and correspondent banking Internal and external reporting Record keeping procedures Training and education requirements
Total Net Duration
6:00
Schedule: Day 2 Time 09:00-10:30
C O M P L I A N C E
Dur ation 1:30
Descr iption BANK POSITION AGAINST OPERATIONAL RISK Business Process Management Risk & Controls Self Assessment Reporting to Senior Management & Board of Directors
10:30-11:00
0:30
11:00-12:30
1:30
B r e a k
ANTI-CORRUPTION Corporate governance Suspicious activity report Whistleblowing Regulatory compliance ANTI-FRAUD EU legislation Data protection and Consumer protection Reporting fraud Regulatory compliance
12:30-13:30
1:00
13:30-15:00
1:30
L u n c h
B r e a k
CAPITAL MARKETS Regulation of markets and traders Certification of staff Conflicts of interest European Single Market in financial services; Markets in Financial Instruments Directive MIFID scope
15:00-15:30
0:30
15:30-17:00
1:30
B r e a k
INTERNAL CONTROL AND ORGANISATIONAL PROCEDURES, DUTIES AND RESPONSIBILITIES OF THE COMPLIANCE UNIT, AND THE MONEY LAUNDERING COMPLIANCE OFFICER TRAINING REQUIREMENTS CASE STUDY
Total Net Duration
6:00
In-house Seminars: Certification: All participants will be awarded a Certificate of Attendance.
Globaltraining has been cooperating with many financial institutions and companies in Romania and abroad for covering their in-house training needs. The clients we serve range on a wide scale of industries, including banking, accounting and audit, investment services firms, telecommunication, construction and retail. Tailor-made seminars are offered upon request.
Objective: At the end of the course, the participants should be able to: To understand and deal with the compliance rules and regulations Understand the risk based approach to anti-money laundering Identify countering terrorist financing techniques Comprehend the notions of customer due diligence and Know-Your-Customer requirements in the internal organisation, procedures and controls of banks Thoroughly understand the role and responsibilities of the management and compliance functions in banks
Participants’ Profile: The seminar is addressed to compliance professionals, audit managers and financial controllers. Participants should have a good understanding of financial markets & terminology, and a fair appreciation of compliance issues.
SEMINAR DETAILS Dates: Time: Venue: Language: Cost: Lecturer:
4-5 Dec 2013; 18-19 Mar 2014 09:00 – 17:00 Globaltraining Bucharest English € 300 + VAT Mr. Soteris Komitis, MSc, ACIB
Lecturer’s Profile: Soteris Komitis, MSc, ACIB Mr. Soteris Komitis is an experienced professional banker working with one of the largest banks in Cyprus since 1980. His most recent positions include: Jan 2009 – to date: Manager of Trade Services, Cyprus 2008: Assistant Manager of Trade Services, Cyprus 2006 – 2007: Head of Trade Services for the Nicosia region 2000 – 2005: Head of Operations Analysis Department of the Bank´s Group Organization and Methods Services 1997 – 1999: Branch Manager He has been a tutor in the banking/finance sector for the last 16 years and he specializes in the theory and application of International Trade Finance, Lending, Risk Analysis & Evaluation, and other related topics. Soteris is a professional banker himself and is a holder of the following UK professional and academic qualifications: - ACIB (Associate of the Chartered Institute of Bankers - UK) - MSc in Training (Masters Degree with University of Leicester) Soteris likes to make his teaching a lively, emotional, hands-on, and therefore a memorable experience. He ensures his courses are interactive and ensures that his audience will be able to match the theory with the practical aspect of each topic covered.
Contact Details: For more information and/or for registrations, please contact us at: [email protected], telephone: +4031.425.36.63, +4021.312.88.11.
Schedule: Day 1 Time 09:00-10:30
C O M P L I A N C E
Dur ation 1:30
Descr iption INTRODUCTION Compliance: compliance function, areas Compliance principles Compliance risk: identification and managing Investigation concerning possible breach of compliance policy Compliance risk evaluation using compliance ratios Compliance monitoring and testing Comparison between compliance and legal risk Methods for Prevention of Money Laundering and terrorist financing Macro and micro consequences
10:30-11:00
0:30
11:00-12:30
1:30
B r e a k
INTERNATIONAL STANDARDS The FATF standards The European Union Directive The Basle Committee’s papers RISK BASED APPROACH Basic principles Issues and responses for banks Pros and cons Costs and benefits
12:30-13:30
1:00
13:30-15:00
1:30
L u n c h
B r e a k
CUSTOMER IDENTIFICATION AND DUE DILIGENCE PROCEDURES The purpose of ‘Know Your Customer’ Detailed analysis and practical considerations of customer identification and due diligence procedures Identification of beneficial owners: law, directives and practices; PEP’s identification: law, directives and practices; High and low risk customers/situations Terrorist/sanctions lists and trade embargoes Monitoring of customers and transactions
15:00-15:30
0:30
B r e a k
15:30-17:00
1:30
Recognizing unusual and suspicious activities/transactions Risks associated with wire transfers and correspondent banking Internal and external reporting Record keeping procedures Training and education requirements
Total Net Duration
6:00
Schedule: Day 2 Time 09:00-10:30
C O M P L I A N C E
Dur ation 1:30
Descr iption BANK POSITION AGAINST OPERATIONAL RISK Business Process Management Risk & Controls Self Assessment Reporting to Senior Management & Board of Directors
10:30-11:00
0:30
11:00-12:30
1:30
B r e a k
ANTI-CORRUPTION Corporate governance Suspicious activity report Whistleblowing Regulatory compliance ANTI-FRAUD EU legislation Data protection and Consumer protection Reporting fraud Regulatory compliance
12:30-13:30
1:00
13:30-15:00
1:30
L u n c h
B r e a k
CAPITAL MARKETS Regulation of markets and traders Certification of staff Conflicts of interest European Single Market in financial services; Markets in Financial Instruments Directive MIFID scope
15:00-15:30
0:30
15:30-17:00
1:30
B r e a k
INTERNAL CONTROL AND ORGANISATIONAL PROCEDURES, DUTIES AND RESPONSIBILITIES OF THE COMPLIANCE UNIT, AND THE MONEY LAUNDERING COMPLIANCE OFFICER TRAINING REQUIREMENTS CASE STUDY
Total Net Duration
6:00
In-house Seminars: Certification: All participants will be awarded a Certificate of Attendance.
Globaltraining has been cooperating with many financial institutions and companies in Romania and abroad for covering their in-house training needs. The clients we serve range on a wide scale of industries, including banking, accounting and audit, investment services firms, telecommunication, construction and retail. Tailor-made seminars are offered upon request.
