Description
Introduction
Compliance has become a full component of a good corporate governance. In banks, the Compliance function is a mandatory internal control function, besides Risk Management and Internal Audit.
The role of compliance is to protect the bank against several risks like reputation, legal or sanctions’ risks.
This 4-day interactive seminar is combining lectures, Luxembourg based case studies and exchanges of views, focusing on the Luxembourgish experience in the framework of the international standards.
Objectives
At the end of this seminar, the participants will:
understand the main aspects of a Compliance Officer’s function covering the technical, practical aspects and decisions a Compliance Officer has to deal with
be able to implement the regulatory framework focusing on a case study of a specific environment
have acquired a good understanding of the legal and regulatory environment of a Compliance Officer.
Programme
Key items that will be addressed in this 4-day programme:
Compliance, Genesis & Key principles
Introduction – Why Compliance?
What is Compliance?
International bodies promoting Compliance
Compliance, function fundamentals
Establishing a Compliance function
Key compliance responsibilities
Actors: roles and responsibilities
Compliance founding documents
Financial Crime Framework
Anti-Money Laundering (AML) Counter Terrorism Financing (CFT) overview
Tax evasion/Tax reporting overview – FATCA/ CRS
Predicate offence: Market abuse
International sanctions
Investor protection: MiFID II Overview
Introduction
MiFID II Client Services
MiFID II Governance & Supervision
Conclusion
Data Protection
Definitions
Main principles
Supervision by the Data Protection Authority (DPA)
GDPR & Directive
Data Controller & Data Processor
Data governance key stakeholders
Data subject rights
International personal data transfers
Outsourcing in the financial sector
Data breach management
Sanctions
Enforcement actions
Practical cases
Target Audience
Compliance officers with or without experience, internal auditors, managers & bankers willing to improve their knowledge of managing the compliance function.
Participants may be commercial bankers, central bankers, and representatives of other financial institutions of the private sector involved in legal, economic or financial matters.
Modalities
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here ). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Exam
The participants will have their newly acquired knowledge validated through a written exam and will be granted a certificate of success issued by the House of Training.
Contact
For further questions please contact our partner in your country