Four seminars were organised for our partner country Georgia this year and attended by employees of several Georgian commercial banks as well as the National Bank of Georgia.
Starting with the online training The Agile Principles and Mindset in February, our experts Mr Robert Hall and Mr Grahame White each travelled to Tbilisi in May and June to host the seminars International Financial Reporting Standards and the certification programme Anti-Money Laundering and Counter Terrorism Financing (AML & CTF) - Foundation Level respectively on location - the first ones since 2019. The last course, which covered Risk Management - Operational Risk (pictured), was hosted online by Mr Paul Kleinbart in October. All courses were organised in collaboration with the National Bank of Georgia and supported by the Luxembourg Ministry of Finance.
The Agile Principles and Mindset
At the end of the course, the participant will be able to gain a deeper understanding of an agile mindset and learn the practices needed to bring agility into their daily business.
International Financial Reporting Standards (IFRS9)
Any entity, financial and non-financial, could have significant changes to its financial reporting as the result of this IFRS 9 standard. Therefore, this course covers the most significant changes that IFRS 9 introduces, explaining the new requirements and their practical implications.
Certification Programme - Anti Money Laundering & Counter-Terrorist Financing (AML & CTF) - Foundation Level
In developing an international financial centre, Luxembourg became aware at a very early stage of the need to prevent the use of financial circuits for unlawful purposes. While initially designed to fight money laundering linked to drug trafficking, Luxembourg legislation today criminalises all offences recommended by the Financial Action Task Force (FATF).
Moreover, measures aiming to prevent money laundering not only apply to banks, but to all professionals in the financial sector, such as insurance companies, notaries, estate agents, auditors, casinos, lawyers, tax and financial advisers, and persons selling high-value goods.
This interactive 3-day seminar combining lectures, case studies and exchanges of views and experience is offered as a solid foundation.
Risk Management: Operational Risk for Banks
Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Committe). Because operational risk impacts practically every area of financial services, it has become an important area of focus in risk management. This course provides participants with a good understanding of operational risk and how to manage it.
Risk Management: Operational Risk for Banks
Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Committe). Because operational risk impacts practically every area of financial services, it has become an important area of focus in risk management. This course provides participants with a good understanding of operational risk and how to manage it.