Registrations
Date/Time
Date(s) - 23/09/2024 - 26/09/2024
8:30 am - 3:30 pm
Location
Sheraton Mall of the Emirates
COURSE OBJECTIVES
- Reflecting the important role that compliance experts play in their institutions and global financial markets.
- Understand and best practices and specific roles in compliance management.
- Understanding the latest changes, developments and challenges in the profession.
- Design an effective compliance management process based on managing relevant risks and identifying possible preventive methods in line with global compliance management guidelines.
- Ability to understand mechanisms for communicating with regulatory bodies to prevent compliance violations.
WHO SHOULD ATTEND
- Compliance managers.
- Employees who manage or supervise compliance teams.
- Employees who have recently engaged or aim to be given compliance-based responsibilities.
- Those who participate individually in organizational decision making.
- Manpower from regulatory authorities, compliance committees and auditors.
- Anyone who wants to gain an understanding of vital regulatory compliance principles and how organizations can adhere to them.
COURSE OUTLINE
Legal and Regulatory Frameworks
- What is the need for a legal and regulatory framework?
- Who sets laws and standards for compliance?
- International Standards of Governance
- Governance Principles
- International bodies and national institutions.
- Different organizational models around the world. An overview of modern international organizations.
- National regulatory bodies.
Understanding Compliance and Regulatory Environment
- Understanding the regulatory landscape in the UAE.
- Definition of compliance, compliance management infrastructure, and the importance of compliance management.
- Definition of Corporate Governance and its value
- Governance of the compliance function.
- Objectives of regulating the financial services sector.
- Relevant risks and preventive methods in line with compliance management stakeholders’ requirements.
- Identify and evaluate risks related to compliance
The Efficient Governance
- The Corporate Governance Models
- Directors’ duties and rights
- Causes of governance failure
- The efficient Board
- Analyzing and assessing Corporate Governance
- Communicating and implementing Corporate Governance
Design an Effective Compliance Program and Evaluate related Risks
- Components of compliance programs
- Mapping an effective compliance program
- Identify and evaluate risks related to compliance
- Relevant risks and preventive methods in line with compliance management stakeholders’ requirements.
- Governance of the compliance function.
- The relationship between the compliance officer and other stakeholders.
The Role of the UAE Central Bank in regulating licensed Financial Establishments and Activities
- Financial activities subject to licensing.
- Responsibilities of licensed financial institutions that receive deposits: compliance, risk management, and protection of depositors’ interests.
- Prohibitions on licensed financial institutions.
- Control and supervision over the activities of licensed financial institutions.
- Administrative and financial penalties and sanctions.
- Anti-corruption laws, ethics and compliance.
- Data protection and privacy protection laws.
- Compliance with international sanctions.
- Building a strong compliance culture.
Managing The Risks of Money Laundering and Terrorist Financing
- Risks of money laundering and terrorist financing.
- Sources of proceeds of crime and money laundering.
- How are the proceeds of crime laundered?
- Money laundering targets and vulnerabilities of products and services. Understanding money laundering crimes.
- The relationship between the compliance officer and other stakeholders. Design an effective internal reporting system.
- Risk-based approach to combating money laundering and terrorist financing.
