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
About London
The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.
Things to do and places to visit in London
With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.
Some unmissable London attractions include:
- Seeing priceless masterpieces in the Tate Britain or the National Gallery.
- Watching the changing of the guard at Buckingham Palace.
- Visiting Trafalgar Square's famous monument.
- Marveling at the Crown Jewels in the Tower of London.
- Getting a bird's eye view of the city from the London Eye.
- Tasting one of Brick Lane's famous curries.
- Browsing the exclusive shops of Knightsbridge.
- Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
- Admiring design from around the world in the Victoria and Albert Museum.
- Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
- Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
- Eating Britain's most famous dish, fish and chips.
- Watching the street performers in Covent Garden.
- Enjoying the views at a South Bank cafe.