In this training course, we examine the complexity of issues encountered by compliance officers and managers which is a result of the regulatory regime and the increasingly dynamic business, and the risk scenarios which arise as a consequence. We introduce, demonstrate, and test best practice recommendations for the role of the Legal and Compliance Officer, and the ever-increasing need within the business to comply with requisite statutory, regulation, and best practice and to ensure that their staff is appropriately trained.
This course is designed from a legal compliance practitioner’s perspective and it provides a comprehensive overview of the statutory and regulatory environment, the role of compliance professionals, their functions and position within the regulatory regime, and their relationship with the business and other stakeholders.
This training course will highlight:
The statutory and regulatory environment in the organization
The role and powers of the authorities (from an international perspective)
The style and features of regulation of compliance.
The role and responsibilities of the compliance function within legal and ethics in the organization.
The issues to be considered in developing compliance policies and procedures
A variety of core pieces of legislation that are relevant to the compliance function
Best practice risk management techniques
The training course will enhance your ability to identify and determine the statutory, legal, and compliance requirements within your organization. It will boost your skills in ensuring that work activities adhere and are compliant with legal frameworks, while seeking to provide an environment that minimizes the risk to all who operate within it.
At the end of this training course, you will learn to:
The role and responsibilities of the compliance function within the practice, including the designated Compliance Officer roles, and the skills needed to successfully discharge these.
The issues to be considered in developing compliance policies and procedures.
A variety of core pieces of legislation that are relevant to the compliance function through the laws and the ethics in the company.
The important relation between the compliance department and legal affairs department in the organization.
Key risk areas, including money laundering, cyber-crime, bribery and corruption, data protection loss, and financial services regulation.
Success can be learned, and failures avoided, by examining others' experiences. Throughout this training course, we draw on practical examples of best practices and well-documented failures to maximize your team's chances of success. Through practical examples, open discussion, and interactive exercises, your team can gain the skills and confidence to deal with statutory, legal, and compliance requirements within your organization
Personal Impact of The Relation Between Compliance and legal Affairs in The Organization..
Your team members will learn and have the opportunity to practice techniques for:
This training program is specifically designed for anyone in a compliance or risk management.
Employees with management responsibility for compliance and any individual who wishes to learn fundamental compliance principles and how organizations should be compliant
This training programme is suitable to a wide range of professionals but will greatly benefit:
Compliance Officers and Employees
Risk Managers
Compliance Managers, Associates and Analysts
Contract Executives and Managers
Staff whose job role includes legal compliance responsibilities
DAY 1
Understanding Risk, Statutory, Legal and Regulatory Compliance
What is effective legal and regulatory compliance?
Conduct of Oil and Gas Business
Prudential Compliance
What are the objectives of compliance?
What is integrity in the eyes of the regulator?
Managing Regulatory Compliance in a Dynamic Environment
Regulators and their Power
The Role of the Regulator
Regulatory Models
Enforcement
Regulatory Rules
The Framework of a Regulator
The Potential Liability of Regulators
DAY 2
Understanding the Legal and Regulatory Environment
The Need for, and objectives of Law and Regulation
Sources of Law and Regulation
Prevention of Money Laundering and Financial Crime
Understanding Money Laundering Offences
Designing an Effective Reporting System
Terrorist Financing
The USA PATRIOT Act and US Extraterritoriality
Money Laundering and Tax Evasion
Financial Crime
Preventing Fraud
Corruption
Market Manipulation / Misleading Statements, Insider Dealing and Market Abuse
DAY 3
Business Knowledge and Awareness
Business Background
Codes of Corporate Governance
Regulatory Principles
Overview of Commercial Laws and Mechanisms Governing Legal Persons and Arrangements
Regulators
Products and Services
The Role of the Compliance Officer
Compliance Structure
The Role of the Compliance Officer
Key Compliance Activities and Processes
Risk-based Compliance Monitoring
Investigating Compliance Breaches
Training
DAY 4
Compliance in Practice
Compliance Governance
Internal and External Relationships
Links between Compliance, Culture and Ethics
Specific Internal Compliance Control Issues
Risk Management
Key Compliance Issues
Practical Considerations
Compliance Oversight and Internal Controls
DAY 5
Legislation of Relevance to the Compliance Function: Risk Management
Understanding where Disputes are most likely to Arise
Understanding Regulatory Risk
The Risk Management Process: What to remember when designing an effective risk management system?
Opportunities and Threats from Risk Management Developments
Dealing with Regulatory Issues and Enforcement
Why risk management of legislative breach must be included in compliance framework?
Key Risk Areas: Financial Crime and Money Laundering, Cyber-crime, Bribery and Corruption, Data Protection Loss
Best Practice Risk Management Techniques