Certificate of Compliance Officer CCO ( implementation approach )

Why Attend

The Certificate of Compliance & Combating Financial Crimes is a specialized certificate in the field of compliance and combating money laundering and terrorist financing for financial institutions. It aims at clarifying the concepts of compliance in the financial sector and the role of compliance and AML / CFT departments in ensuring compliance with regulatory requirements and protecting financial institutions from fines and penalties. The risk-based approach, the identification and assessment of risk of non-compliance and the applying the 40 standards of the Financial Action Task Force to be discussed during the course.

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Course Objectives


  • By the end of this course, you will be able to:
  •  Clarify the concept of compliance and governance, combating money laundering and strengthening the financial institution's ability to respond to regulatory requirements in these areas.
  •  Obtain the basic information needed to build and implement compliance programs and combat money laundering and terrorist financing
  •  Identify and understand the elements and consequences of exposure to risks of non-compliance with related regulatory requirements.
  •  Identify and assess risks of non-compliance and identify suspicious processes that should be reported to the FIU
  •  How to apply a risk-based approach and assess the risks to customers, products, services and geographical areas


Target Audience


 Managers and staff of the Compliance and AML Department.
 Managers and employees of Risk departments, internal audit, and Internal control departments.
 Lawyers, legal advisors and employees of legal departments

Unit 1 :-

  • Introduction to compliance
  • The role of compliance
  • Business management on offer
  • Control framework
  • The power of technology
  • Institutional risk management
  • Quality management
  • Promoting a culture of accountability, organization
  • Environment and the role of regulators
  • A variety of legal obligations and due diligence
  • Organizers
  • Supervisors
  • Licenses or authorizations
  • Commercial effects
  • Introduction to regulatory requirements analysis methods
  • Analysis of the regulatory requirements of each regulatory authority (overview)
  • Disciplinary action
  • Compliance and the role of corporate governance
  • What is corporate governance?
  • Corporate governance
  • Principles of corporate governance
  • The duties and responsibilities of managers
  • Introducing foreign corruption laws
  • Protecting the interests of stakeholders
  • Business ethics
  • Reporting irregularities
  • Regulatory interactions
  • Corporate Constitution and governance structure
  • Rules of conduct
  • Independence
  • Separation of duties
  • Customer information
  • Rewards policies

Unit 2 :-

  • Discussion on regulation and compliance requirements: key outcomes of the compliance function.
  • Responsibility for compliance
  • Compliance monitoring methodologies by management
  • Compliance monitoring methodologies by the compliance officer
  • Consider different management structure options and models and influence compliance structure
  • The basic elements of the compliance policy.
  • Stakeholders
  • Definitions of compliance officer duties
  • Summary of the risks of evaluation and compliance
  • Functional structures to comply with standards
  • Compliance risk management
  • Independence
  • Examples of policies, brochures and working papers should be given.
  • Formats vs. Material
  • Operational procedures/evidence
  • Legal, regulatory and supervisory procedures
  • Assess whether existing structures allow these outcomes to be achieved.
  • Consider the shortcomings and issues faced by compliance functions and how they can be overcome.

 

Unit 3 :-

  • Record-keeping
  • Monitoring
  • Starting point for compliance monitoring
  • Risk assessment methodologies
  • Ranges and restrictions
  • Independent monitoring
  • Statistical sampling and non-statistical sampling
  • Complaints
  • Worksheets
  • The review process to assess the implementation of compliance risk management plans across your organization
  • Introduction to anti-money laundering
  • International responses to the problems of money-laundering, economic crime, cyber vandalism and terrorism
  • FATF
  • Legal requirements
  • Non-compliance and its ramifications
  • Risk management
  • PEPS
  • Develop a review plan to combat money laundering for a company

 

Unit 4 :-

  • Compliance and business ethics
  • Ethics and Corporate Accountability: The Benefits of Adhering to Sound Business Ethics.
  • How to read legislation
  • COSO framework
  • White Paper for Corporate Law Reform
  • Data Protection Act 1998. (Europe)
  • Basel Convention
  • Data protection
  • Corporate ethics guidelines in the development of the corporate compliance program
  • Determine the best suitability for a strategy, environment and industry-based organization
  • Conflict in the workplace
  • Conflicts of interest
  • Department of External Relations
  • Problem-solving methodologies
  • Training
  • Training methods
  • Record-keeping
  • Principles of best practices
  • Implementation requirements

 

Unit 5 :-

  • Compliance function overview
  • Compliance function location
  • Integration and independence of compliance function
  • Optimal compliance structure
  • Compliance responsibilities in the compliance officer
  • Combating bribery and corruption
  • Whistle-blowing programs and the law

Step 1: Select Prefered Schedule


Date Fee (GHS)

Step 2: Choose Registration Type