Course description
Financial regulation and compliance are important factors in any financial institution, so it is to investment firms, financial professionals, and any other financial institution. All financial professionals need to gain the skills in this course. After the financial crisis of 2007 – 2009, developing, maintaining, and ensuring compliance has become a major topic in the financial sector. There have been tight enforcement of compliance and regulations in all countries globally. The existing regulations are rapidly changing. Regulators and investigators must keep up with the changes, and so should the professionals in the field.
Financial complianceentails enforcing existing laws and regulationsin the financial markets. It can take a wider form, from investments for banks to the best and most acceptable banking practices. The compliance requirements have a good reason for existence and are among the most notorious targets for cyberattacks, and the existing regulations ensure that financial services have minimum protection.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Financial Regulation and Compliance Training Course by Rcademy is ideal for:
- Financial management staff
- Tellers
- Investors
- Board of directors
- Chief finance officers
- Ethical and legal compliance officers
- Bankers
- Cybersecurity personnel
Outcome / Qualification etc.
The objectives of the Financial Regulation and Compliance Training Course by Rcademy are to enable professionals to:
- Understand and appreciate the impact of money laundering regulations, general risks assessments and mitigation techniques,anti-money laundering directives, and how to be compliant with money-laundering laws
- Discover the existing compliance requirement in the financial sector
- Understand the importance and the core makeup of the current regulations and compliance frameworks
- Apply the learned knowledge of BASEL III to being compliant with the existing regulations
- Learn how to compare transactions costs in various asset classes
- Understand how to use best practices to be compliant
- Conduct the required internal investigation successfully using all the available data
- Refocus individuals within compliance and the business on various activities that will add value
- Ensure all the possible false positives and potential risks are being investigated, detected, and resolved properly
- Find more information that regulators can request in a quick and easy manner
- Conduct a trade reconstruction easily with better communication to regulators when possible
- Support their senior managers to be compliant and follow regulations by giving them the necessary information they need to ensure compliance in the areas they are responsible for
- Ensure more operational resilience
- Learn how to use RegTech to make the process more efficient and faster while reducing costs
Training Course Content
Module 1: The Existing Money Laundering Regulations
- The PEPs
- The 4th, 5th, and 6th directives against money laundering
- Existing risk mitigation tools and policies
- Reliance on other third parties to ensure compliance
- General risk assessment processes and methods
- The right level of due diligence
- Ensuring compliance with money laundering regulations
Module 2: The Financial Crimes
- How to comply with the financial crimes regulations
- Insider dealing, reporting and handling
- Market use and abuse of individuals and organisations
- Sanctions for failing to be compliant
- Money laundering effects
- Market manipulation and control
Module 3: FCA Handbook, Compliance, and Regulatory Methods
- Training and competence sourcebook
- Topical issues that exist
- Global business best practices and standards
- Conduct of business sourcebook: the structure of the existing handbook
- Senior management and other arrangements systems control
- High-level standards
- Compliance with the FCA
- Principles of business
Module 4: Existing Compliance and Regulation Framework Core Elements
- The regulatory structure
- The market and financial services Act 2000 new amendments
- Unexplained wealth orders and compliance
- The role and responsibilities of the financial conduct authority
- The proceeds of crime Act 2019
- The role and responsibilities of the Prudential Regulatory Authority
- European Securities and markets authority
Module 5: Compliance and Financial Regulations
- The evolving environment of regulated activities and their respective regulators
- Types of regulations
- FPC, FCA, and PRA
- Other issues in regulation amendments
Module 6: Regulation And Compliance In Financial Products
- The CRD (capital requirements directives)
- Accepting customers
- Advising and selling
- Managing and dealings
- Key financial services legislation
- Handling financial promotions
- How to handle complaints
- Effective financial products governance
Module 7: The International Influence and EU on Compliance and Regulations
- The effects of EU directives
- Equivalent and passporting effects on compliance and regulations
- MiFID II highlights
- Global influence on regulations
- The European regulatory frameworks
- The role of BREXIT in influencing regulations
- The implementation of an effect of EU directives
Module 8: BREXIT and COVID-19 Effects
- Introduction to COVID impact
- Likely changes in the future
- Introduction to BREXIT and its impact
- The role and responsibilities of WFH in risk management
- Rules and requirements
- Risk maps
- Systems and control functions
- Key changes
- Accountability statements
Module 9: Oversees Financial Compliance
- The European insurance and occupational pensions authority
- The federal reserve
- Securities and exchange commission
- Know your client
- Examples of unethical financial compliance practices
- Financial crimes enforcement network
- European Union Overview
- The federal deposit insurance corporation
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...