Introduction
This training program is designed to provide employees with an understanding of the regulatory requirements for the Central Bank's Digital Currencies (CBDCs) and how to ensure compliance with relevant laws and regulations. The program will cover the licensing, reporting, and compliance requirements specific to CBDCs.
Objectives
- Understand the regulatory landscape for CBDCs
- Understand the licensing requirements for CBDCs
- Understand the reporting requirements for CBDCs
- Understand the compliance requirements for AML and CTF regulations
- Understand the implications of non-compliance with regulatory requirements
Personal Benefits
By the end of this training program, participants will have a better understanding of the regulatory requirements for CBDCs and how to ensure compliance with relevant laws and regulations. They will also be equipped with the competencies needed to identify and assess regulatory risks, implement effective compliance policies and procedures, monitor and report compliance issues, and communicate effectively with stakeholders.
Competencies
- Knowledge of regulatory compliance requirements for CBDCs
- Ability to identify and assess regulatory risks
- Ability to implement effective compliance policies and procedures
- Ability to monitor and report compliance issues
- Ability to communicate effectively with stakeholders
Target Audience
- Employees involved in the design, development, and management of CBDCs
- Compliance officers and risk managers
- Legal and regulatory affairs personnel
Course Outlines
Introduction to Regulatory Compliance for CBDCs
- Overview of the regulatory landscape for CBDCs
- Overview of licensing, reporting, and compliance requirements for CBDCs
- Overview of AML and CTF regulations
Licensing Requirements for CBDCs
- Types of licenses required for CBDCs
- Application and approval processes for licenses
- Ongoing compliance requirements for license holders
Reporting Requirements for CBDCs
- Types of reports required for CBDCs
- Timelines for submitting reports
- Requirements for maintaining records
Compliance Requirements for AML and CTF Regulations
- Overview of AML and CTF regulations
- Requirements for identifying and verifying customers
- Requirements for monitoring and reporting suspicious activities
- Penalties for non-compliance with AML and CTF regulations
Implications of Non-Compliance with Regulatory Requirements
- Risks of non-compliance with regulatory requirements
- Consequences of non-compliance for CBDCs and the organization as a whole
- Best practices for ensuring compliance with regulatory requirements
