Compliance Training in Europe

Compliance Induction

Senior management in Financial Services firms have a responsibility to ensure their employees have sufficient knowledge and understanding of the Regulatory environment they are working in. This knowledge helps in emphasising the need for compliance with policies and procedures in order to protect the firm and the individual from failing to “do the right thing”. 
 
This course is designed to assist Senior Management to embed a compliance ethos in the individual and a strong compliance culture throughout the firm. 

Course Objectives: 

• A sound knowledge of the UK Regulatory Environment 
• An understanding of the reason for policies and procedures 
• The ability to evidence a risk based approach 
• An understating of the obligations on firms to develop a strong compliance culture 
• Knowledge of what can happen if you do not “do the right thing” 

Key topics: 

• The UK Regulatory Environment  
• High level business standards 
• Personal obligations 
• Systems and Controls 
• An introduction to the Conduct of Business Rules 
• Financial Crime Prevention 
• Examples of Enforcement action on firms and individuals 

Course Details

• Length: Full day, Virtual Training
• Number of Staff: Unlimited
• Cost: £750
• Who is this for? any individuals who are working or are seeking to work in a regulated environment. 

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Compliance Officer: The Roles and Responsibilities

The role of the Compliance Officer is a mandatory position in all firms in the Financial Services Industry. They play a major role in assisting Senior Management to ensure that appropriate and effective systems and controls are in place to achieve and maintain compliance with the applicable Rules. While the nature of the Compliance Function is likely to differ from one firm to another, this course provides an easy to follow breakdown of what the Regulator expects of a Compliance Officer and explains, in practical terms how the regulatory expectations and those of Senior Management can be achieved.   

Course Objectives: 

Attendance on this course will enable you to: 

• A sound knowledge of what is expected of a Compliance Officer and why; 
• Practical ways to meet the expectations; 
• An understanding of the importance of the Compliance Monitoring Plan; and 
• An opportunity to benchmark your knowledge and current compliance arrangements. 

Key topics: 

• Responsibilities of Senior Management for Compliance 
• The Compliance Officer’s principal tasks & skill sets 
• Getting the basics right 
• The independence of the role 
• Understanding and meeting expectations 
• Embedding the compliance culture 
• The Compliance Monitoring Programme (CMP) 
• Compliance Monitoring Methodology 
• Think about opportunities for adding value 
• Managing visits from the Regulator(s) 
• Examples of what can go wrong: messages for the Compliance Officer 

Course aimed at: Anyone currently or considering becoming a Compliance Officer.  

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Financial Crime Prevention

This course is specifically designed to assist Senior Management in meeting their statutory and regulatory obligations. 

Any failure to meet these obligations is a breach of the MLR and of the FCA/PRA Rules in “Senior Management Arrangements, Systems and Control (SYSC). 

As Bribery and Corruption and Market Abuse may involve the proceeds of crime they are natural derivatives of AML so this course also includes an explanation of the offences and penalties under the Bribery Act 2010 and the Market Abuse regime.  

The course includes examples of the offences that could have an impact on senior management, including the potential for 2 years in prison for not taking sufficient steps to prevent bribery. One of the steps toward prevention is of course the provision of training. 

Course Objectives: Attendance at this course will provide: 

• A sound knowledge of AML/CTF, ABC and MA  
• An appreciation of the obligations on the firm and each individual 
• An understanding of the importance of the JMLSG  
• An opportunity to benchmark your knowledge and current compliance arrangements 
• Comfort that the firm is compliant with Regulation 24 of the MLR and is able to demonstrate that staff have been made aware of AML, ABC and MA 

Key topics: 

1. What Money Laundering is  
2. Terrorism 
3. The Legal Framework 
4. JMLSG Guidance: including the risk based approach 
5. Suspicious Activity Reporting  
6. Awareness and Training 
7. Record Keeping 
8. Anti-Bribery and Corruption 
9. Market Abuse 

Course aimed at: All staff  

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Money Laundering Reporting Officer: The Role and Responsibilities

The role of the Money Laundering Reporting Officer (MLRO) is a mandatory position in all firms in the Financial Services Industry. This reflects the statutory objective that the Regulator(s) have for ensuring that firms behave with “Integrity”, particularly relating to financial crime prevention. The MLRO therefore plays a significant role in assisting Senior management to ensure that systems and controls relating to anti-money laundering (AML) and countering the risk of terrorist financing (CTF) are appropriate and effective. This course provides practical advice and guidance on the responsibilities of the MLRO, what is expected by the Regulators, both of the Senior Management and the MLRO, and how those responsibilities can be achieved. It should be noted that attendance at this course does assume a good knowledge of the UK’s AML/CTF regulations. 

Course Objectives: 

Attendance on this course will enable you to: 

• A sound knowledge of what is expected of the MLRO 
• Practical ways to meet the expectation 
• An understanding of the importance of the JMLSG 
• An opportunity to benchmark your knowledge and current AML/CFT compliance arrangements 

Key topics: 

• The Legal Framework 
• The Responsibilities; Person and Position 
• JMLSG Guidance: and the Risk-Based approach to AML 
• Suspicious Activity Reports (SARs) and Law Enforcement Investigations 
• Use of National and International Findings 
• Awareness, training and competence  
• Ongoing Monitoring 
• The MLRO Report to the Board 
• Data Protection Act 
   

Course aimed at: Anyone currently or considering becoming an MLRO, Compliance and Internal Audit professionals. 

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Annual Update - Senior Managers Obligations

Course Overview: 

The ever-increasing focus by the Regulators on the accountability of senior management through the Senior Managers and Certification Regime (SMCR) emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. As the regulatory requirements evolve, it is vital that all Senior Manager Function holders (SMFs) keep abreast of developments so that they can maintain their Fit and Proper status. This succinct course is designed to assist both experienced and newly appointed Senior Managers to gain a full understanding of what they need to do to achieve and maintain compliance with their personal obligations under the SMCR. 

Course Objectives: 

Attendance at this course will provide you with: 

• The ability to demonstrate to the Regulator your understanding of the current regulatory approach and the responsibilities placed on senior managers; 
• The knowledge you need to achieve, maintain and evidence compliance with those responsibilities, including risk identification, assessment and mitigation; 
• The potential to identify actions you may need to take to address any gaps in compliance; 
• An awareness of the actions the FCA can take if things go wrong. 

Key topics: 

• The SMCR in the context of UK regulation
• Personal engagement with the regime and obligations under the Conduct Rules 
• Attesting to Statements of Responsibility and Prescribed Responsibilities 
• Staying fit and proper and keeping up to date 
• Leading a team and standing up for what’s right 
• Managing with skill, care and diligence 
• Securing a corporate culture which delivers Conduct Rule compliant behaviour 
• The challenges of implementing the certification regime 
• Dealing with disciplinary issues and severance 
• Understanding what are considered to be “reasonable steps” and the protections they afford 
• SMCR in the broader context of corporate governance and the duties of directors 

Course aimed at: Senior Managers, including Executive Directors, Partners, Non-Executive Directors and holders of required functions; those preparing to assume SMF responsibilities; Risk, Compliance and Internal Audit specialists; Human Resources and Learning and Development specialists.  The course is especially suited for SMFs who are newly approved or who are approaching their annual Fit and Proper reassessment.  The course is equally suited to participants from solo and dual-regulated firms.

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Annual Compliance Training

Course overview:

This course provides an overview of the financial promotion’s regime, what steps to consider in their preparation and approval, and the FCA’s expectations in this area. It is designed to help firms to understand FCA’s clear, fair and not misleading principle and content requirements in this field.

It is designed to assist investor relations and marketing teams in dealing with financial promotions and understanding and staying up to date with their statutory and regulatory obligations in this complicated area.

The course includes examples of the latest enforcement actions and case studies that will be relevant to a wide variety of firms. The session looks at the conduct of business requirements in detail and policies and procedures used to manage financial promotions.

Course Objectives: 

• A comprehensive understanding of what a financial promotion is
• An appreciation of the controls the regulator expects to see in place in this area
• An understanding of the approval obligations in this area and the responsibilities firms have to underlying investors and clients
• Examples of where it can go wrong and the challenges firms face
• Detailed knowledge of the client approval process and basic controls and record keeping responsibilities

Key topics: 

• Financial promotions – an overview 
• Definition and the principle
• The financial promotion approval process
• Enforcement activity
• Common failings
• Websites
• Recent developments
• Financial promotions – record keeping requirements

Course aimed at: All staff - specifically marketing and investor relations teams

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