Professional Certification in Anti-Money Laundering and Regulatory Compliance
Some of the greatest organizational challenges of the 21st century are related to corporate governance, compliance and risk management. Increasing stakeholder demands for transparency are intensified by growing public scrutiny resulting from a range of catastrophic compliance failures from around the globe.
Led by Mr Sam Gibbins, a compliance specialist with more than 15 years of experience in designing regulations and compliance solutions, you will be equipped with essential compliance management skills and information about the latest regulatory and legislative changes specific to the region. These skills will guide you through an increasingly complex compliance environment and enable you to appropriately develop a strong culture of compliance within your organization.
Key Takeaways from this Course
• Define the meaning of compliance for your organization and develop an organizational response to its demands
• Identify what drives the compliance exposure both at home and abroad
• Mitigate the risk consequences of non-compliance
• Strengthen the relationship between corporate governance and compliance, including the market expectation of that relationship
• Minimize the implications of Sarbanes Oxley for corporate accountability and ethical behaviour
• Optimize organizational structure for compliance
Introduction to Compliance
• What is corporate compliance?
• Who is responsible for managing it?
• What are the benefits of its introduction?
• Fostering a culture of accountability
The Regulatory Environment And The Role Of Regulators
• Regulatory drivers
• A variety of legal obligations and due diligence
• International responses to the problems of money laundering economic crime, cyber-sabotage and terrorism
• Noncompliance and its ramifications
Compliance and The Role Of Corporate Governance
• What is governance?
• The corporate constitution and governance structures
• Duties and responsibilities of directors
• Protection of stakeholder interests
Compliance and Business Ethics
• What is ethics?
• Ethics and corporate accountability: Sarbanes-Oxley
• Benefits of a commitments to sound business ethics
• Corporate ethics guidelines
Key issues in Compliance: Money Laundering
• What is Money Laundering?
• Definitions and Examples
• Is AML compliance different from regular compliance?
• Understanding the different requirements
• Financial Action Task Force (FATF)
Suspicious Activity Monitoring, Detection and Reporting
• Definition of suspicious activity
• Banks and financial institutions required to file suspicious activity
• Suspicious Activity Reports (SARs)
• The gatekeeper initiative – G-8 finance ministers attempt to require professionals to file SARs
Who Must Attend?
- Personnel who are directly or indirectly involved in identifying, assessing, monitoring and testing money laundering risks including front office/client contact officers, operations officers, business control officers, internal auditors, compliance officers, risk officers;
- This session also welcomes individuals who are interested in performing AML risk management and/or audit.
Governance and Risk Compliance Specialist: Mr. Sam Gibbins
Sam is the General Manager, Asia, for Governance Risk & Compliance Solutions, building presence in the Asian market across a wide and varied client base
Before joining GRC Solutions, Sam spent five years in Singapore working for the International Compliance Association, developing, building, and promoting courses under the Financial Industry Competency Standards. These standards were categorised under the Workforce Skills Qualification (WSQ) system from the Singapore Workforce Development Agency, helping to build the competence of working professionals through development, enhancement, and application of skills and knowledge.
Alongside this, Sam also worked on the skills and competency based development framework, and associated courses, for Compliance and Anti-Money Laundering with the Asian Institute of Finance and the Asian Institute of Chartered Bankers (formerly IBBM), as well as with the Australian Financial Markets Association. In recent years he has helped establish a number of ‘Compliance Academies’ at global firms.
Sam has completed the Advanced Certificate in Training and Assessment with the Institute for Adult Learning, the in-house training division of the Singapore Workforce Development Agency. He possesses a BA (Hons) from King’s College, University of London, as well as a Diploma in Anti Money Laundering from the International Compliance Association, and is also a Certified Compliance and Ethics Professional (International) with the Society for Corporate Compliance and Ethics. He is a member of the Singapore Institute of Directors, the Australian Chamber of Commerce, the International Compliance Association, the Singapore Training & Development Association, and the Adult Education Network.