From workshops at skillsforafrica.or.ke Tue Nov 8 12:29:16 2022 From: workshops at skillsforafrica.or.ke (Skills for Africa Training Institute) Date: Tue, 08 Nov 2022 12:29:16 +0000 Subject: [PyFeyn] Anti-Money Laundering (AML) Training Course for Board of Directors and Senior Management On 12th to 23rd December 2022, Kenya Message-ID: <4uick2djn3fi.AWaxU-g2mxutqT29cOtmRQ2@133IK.trk.elasticemail.com> ?Anti-Money Laundering (AML) Training Course for Board of Directors and Senior Management On 12th to 23rd December 2022 Register for online attendance ? Register to attend ? Calendar for 2022/2023 Workshops ? Contact us ? Whatapp ? Venue: PrideInn Paradise Beach Resort, Mombasa, Kenya Course Fee: 3,000USD Office Telephone: +254-702-249-449 Register as a group of 5 or more participants and get 25% discount on the course fee. Send us an email: training at skillsforafrica.org?or call +254-702-249-449 ?INTRODUCTION As per FATAF?s International Guidelines, The Board of Directors of any financial institution has a fiduciary duty towards the organization to ensure that there is a robust compliance program in place. The Board needs to set ?the Tone from the Top?, establish an effective control framework and effectively promote a ?culture of compliance?. A high-risk compliance responsibility entails the flow of critical information to risk committees and boards and should be of relevance to the overall governance purpose. Senior management in most financial institutions have well-established procedures and policies for dealing with overall operational risk?s like credit risk or market risk, but the practice of dealing with Know Your Customer (KYC) and Anti-Money Laundering (AML) risk is yet to mature. The AML/KYC compliance looks into transfer or conversion of illicit gotten sources (black money) to legally accessible/taxable (white money) funds, primarily using the financial institutions as a conduit for concealment and disguise activities to happen. Technically speaking, Board members are not required to be experts at AML knowhow, but, it?s highly recommended and comes as industry best practice for BoD?s to acquire an understanding of fundamental aspects of AML Risk Control Framework, in order to effectively exercise their oversight responsibilities, as mandated by almost all the national financial regulatory authorities. Under this understanding of the regulatory environment in which the firm operates, the Board of Directors and Sr. Management must have a basic working knowledge of applicable regulations, including relevant requirements around the globe. This course will give the BoD?s and Sr. Mgmt. an understanding of the said framework and will prove to be a means to appreciate the law enforcement mechanisms working to maintain such said equilibrium and the resultant consequences of non-compliance with these regulations viz. Reputation management, Shareholder?s interests, legal ramifications, consequences of adherence failures, etc. This training course designed for the Board Members, Heads of sub-committees and the Senior Management will equip them to have a clear compliance understanding towards transparency and visibility of the enterprise-wide compliance operations and adherence duties. COURSE OBJECTIVES At the end of the course, participants will be able to: o?? Understand and be equipped for regulating money laundering controls, it?s set-up and requisite governance for regulatory violation prevention-oriented approach o?? Understanding organizational vulnerabilities to (or complicit in) money laundering and measures to tighten the controls o?? Instructive understanding and case studies of potential compliance failures and subsequent management recourse o?? Law enforcement investigations, what triggers them, methods of dealing with them and possible remedies o?? Executive liability for a compliance failure, possible scenarios, what are the next steps and damage control o?? Technology set-up for the efficient flow of critical compliance and operational information for seamless adherence and governance Board members who participate in this course can benefit in the following ways: o?? Compliance failure is a personally liable offence, hence steering clear of any actions is a huge Personal Benefits o?? Board Members get to discuss and understand the compliance and the know how o?? BoD?s will further learn to strategize not only AML risks but any corporate risk mitigation against any type of risks in a structured manner and build a system to monitor, avoid and counter o?? Understand the working of Law Enforcement network under a particular regulatory guideline as any anti-fraud or anti-malpractice or similar governance mechanisms are built in the similarly executable manner WHO SHOULD ATTEND Following individuals or groups will benefit from it: o?? Board of Directors o?? Senior Management of all functions o?? Compliance personnel o?? Legal team / retained-external counsel o?? Designated Director / MLRO / Compliance Officer DURATION 10 Days COURSE CONTENT: Module 1 ? Understanding the BoD / Sr. Management?s responsibilities towards Compliance o?? Appointment of a Designated Director / Designated Compliance Officer / MLRO (Money Laundering Reporting Officer) o?? Cost of Compliance o?? Penalties and Reputation Damage o?? Loss of Operational License / Charter o?? Personal Fines/Penalties o?? Shareholder Dissatisfaction o?? Protect the organization from being used for illegal purposes o?? Be aware of the Bank?s BSA/AML programs and activities o?? Support senior management in BSA/AML efforts o?? Don?t ignore or downplay indications that clients may be involved in illegal or illicit activities o?? Keep BSA/AML matters confidential o?? Unmatching processes than their board-approved AML program o?? Annual review and approval of BSA/AML (and related) policies, along with the appointment of the BSA Officer(s) o?? Establish a written PMLA/AML/OFAC compliance program, that is commensurate with their OFAC risk profile Module 2 ? Understanding the Basic five pillars of AML Compliance (AML/PMLA/BSA): o?? Establishing a Culture of Compliance o?? Written policies, procedures and internal controls; o?? A designated BSA compliance officer; o?? An employee training program; o?? Independent testing of the BSA/AML program; and o?? Customer due diligence procedures Module 3 ? Co-operating with Law Enforcement o?? Investigations Initiated by the Financial Institution Responding to a Law Enforcement Investigation ? Investigations Initiated by the Law Enforcement ?? SUBPOENA ? SEARCH WARRANT Module 4 ? Advance Engagements o?? Cooperation Between Countries and responding to AML/CFT MLATs International Inter-Intra Organizational Co-operation & Procedures Module 5 ? Corporate Outlook o?? Obtaining Counsel in the event of an Investigation Against a Financial Institution Organization Reputation Management ? Media Relations & Correspondence Module 6 ? Investigations Initiated by the Financial Institution o?? Communicating with Law Enforcement on STRs o?? Investigations Initiated by Law Enforcement o?? Prosecutor Decision against a Financial Institution for Money Laundering Violations o?? Response, Monitoring and Cooperation from the Financial Institution to a Law Enforcement Investigation Module 7 ? Obtaining Counsel for an Investigation Against a Financial Institution o?? Retaining Counsel o?? Attorney-Client Privilege applied to entities and individuals o?? Dissemination of a Written Report by Counsel Module 8 ? Notices to Employees as a Result of an Investigation Against a Financial Institution o?? Employee Interviews in the event of a Law Enforcement Action o?? Investigation Against a Financial Institution o?? Media Relations Module 9 ? AML/CFT Cooperation Between Countries o?? FATF Recommendations on Cooperation Between Countries o?? International Money Laundering Information Network o?? Mutual Legal Assistance Treaties o?? Financial Intelligence Units Module 10 ? Cost of Compliance o?? Basic Resources allotment o?? Annual Compliance Budget: o?? Supporting Compliance Teams? BSA/AML efforts by requisite cost allocation o?? Technology Costs ? Acquisition process -> Licensing -> Implementation -> Training o?? Training/Consulting/Procurement Vendors Costs o?? Hiring?Experienced Compliance professionals ???????? GENERAL NOTES o?? This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies. o?? Training manuals and additional reference materials are provided to the participants. o?? Upon successful completion of this course, participants will be issued with a certificate. o?? We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more:?training at skillsforafrica.org o?? ?The training will be conducted at?SKILLS FOR AFRICA?TRAINING INSTITUTE o?? The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request. o?? Payment should be sent to our bank account before start of training and proof of payment sent to:?training at skillsforafrica.org ? ? UNSUBSCRIBE -------------- next part -------------- An HTML attachment was scrubbed... URL: From workshops at skillsforafrica.or.ke Wed Nov 16 10:24:02 2022 From: workshops at skillsforafrica.or.ke (Skills for Africa Training Institute) Date: Wed, 16 Nov 2022 10:24:02 +0000 Subject: [PyFeyn] Invitation to Attend a Training Workshop on Corporate Compliance, Audit, Monitoring and Risk Management from 12th to 23rd December 2022 in Mombasa, Kenya Message-ID: <4uiezb6pvjbp.sFoJEbnlu2wLuteAMdu-5A2@133IK.trk.elasticemail.com> Training Workshop on Corporate Compliance, Audit, Monitoring and Risk Management from 12th to 23rd December 2022 in Mombasa, Kenya Register to attend the Workshop ? Calendar for 2022/2023 Workshops ? Contact us ? Whatapp ? Venue: PrideInn Paradise Beach Resort, Mombasa, Kenya Course Fee: 3,000USD Office Telephone: +254-702-249-449 Register as a group of 5 or more participants and get 25% discount on the course fee. Send us an email: training at skillsforafrica.org?or call +254-702-249-449 ? INTRODUCTION Compliance training is a comprehensive programme that helps organisations and their employees conduct operations in an ethical manner, with extreme integrity, and in compliance with legal and regulatory requirements. New risks because of demanding economic conditions increase pressure on compliance leaders. Traditionally, compliance officers focused on expanding coverage to various risks and layering compliance activities on top of business workflows and systems. However, recently, the focus has shifted to introducing compliance programmes as part of operations. This approach has been adopted to ensure appropriate effect with limited business impact. As a result, compliance programmes are now part of operations rather than functioning as a separate process. Whether an organisation is small or large, compliance is an important part of its structure and functioning because compliance has great potential to positively or negatively impact the growth and success of an organisation. Therefore, organisations these days are investing their efforts to build strong compliance systems and processes and successfully establish compliance programmes to keep a check on adherence to standards and rules. For organisations to improve their compliance programmes, it is important for them to understand their functional partners and activities and identify areas for closer cooperation. Besides establishing compliance programmes, organisations should keep a regular check and audit the performance of such programmes to identify any opportunities for enhancement or changes as per changing standards and rules. Thus, in technical terms, compliance management is as critical as compliance introduction. This training course will empower you with detailed information and knowledge about creating and managing compliance in your organisation. It will provide you with the necessary experience, exposure and skill to play an important part in creating compliance policies and systems in your organisation and successfully and effectively manage these to help the organisation progress within all ethical and legal boundaries. Further, by undertaking this Corporate Compliance, Audit, Monitoring and Risk Management course, you will gain confidence and knowledge to readily accept and assume critical and sensitive roles and responsibilities in your organisation. This Corporate Compliance, Audit, Monitoring and Risk Management course will also provide you with the required foresight and intuitiveness to identify current and predict future gaps in compliance processes as well as unethical practices and address these to prevent a negative impact on the business. Course Objectives The main objective of this Corporate Compliance, Audit, Monitoring and Risk Management course is to empower professionals with? in-depth understanding of compliance and compliance management the required knowledge to comply with all necessary standards and rules in one?s work the required confidence and skill to partake in devising compliance programmes and processes and managing compliance within the organisation throughout the required skill and capabilities to work with advanced techniques and tools to manage compliance effectively in the organisation the necessary exposure to predict possible compliance-related risks to the organisation and implement necessary steps to control these adequate foresight to make arrangements for future changes in standards and rules and prepare one?s organisation to make alterations to comply with changing standards increased ability, exposure, skill and experience to play an important role in the success of your organisation, thus establishing opportunities for growth and development and strong career prospects Duration 10 Days Who Should Attend Senior members of management responsible for ensuring that the organisation is compliant with universally accepted standards Compliance officers responsible for ensuring adherence to compliance policies and protocols and for managing change in standards when the need arises Human resource professionals responsible for ensuring that compliance is part of their work culture and operations and defaulters are put to the test Internal and external auditors who conduct regular checks to ensure and certify adherence to set standards Investors and shareholders who would be interested to invest in an organisation that is compliant with universal standards, thus depicting credibility Any other working professional who would like to know more about compliance and compliance management to develop one?s work ethic and/or to undertake higher roles and responsibilities related to compliance and compliance management COURSE CONTENT Module 1 ? Overview of Compliance Definition of compliance Definition of the compliance framework Definition of compliance standards Definition of compliance standard rule Module 2 ? Features of Successful Compliance Activities Design (to be part of the business workflow) Coordinate (with related assurance activities) Assess (for burden and integration) Module 3 ? Steps to a Compliance Risk Management Approach Prioritise activities Make regulatory alerts and updates actionable Assess and manage the Business impact Module 4 ? Steps in Compliance Risk Analysis Risk identification Risk assessment Risk evaluation Risk treatment Monitoring, review and corrective action Communication Module 5 ? Scope of a Compliance Programme Define programme mandate Mitigate and monitor risks Establish policies and procedures Oversee allegations of misconduct Provide training and communication Reinforce behavioural expectations Manage the function Module 6 ? Challenges in Compliance Management Compliance silos No single view of compliance assurance Home-grown systems Old, rigid software Lack of automated monitoring Module 7 ? Factors Impacting Compliance Management Nature of Board and audit committee Management?s philosophy and operating style Organisational structure Risk culture and tolerance Module 8 ? Importance of Compliance Programmes Enhanced visibility into organisational risks Greater accountability for risk management Assurance on stewardship of donated funds Culture of ethics and compliance Module 9 ? Elements of an Effective Compliance Programme Experienced audit committee Written policies and procedures Training and education Lines of communication Standards through disciplinary guidelines Internal compliance monitoring Response to detected offences Periodic risk assessments Module 10 ? Responsibilities of Compliance Programmes Fiduciary responsibility Federal?financial reporting Internal controls/standards Legal and regulatory requirements Organisational policies General Notes This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies. Training manuals and additional reference materials are provided to the participants. Upon successful completion of this course, participants will be issued with a certificate. We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: training at skillsforafrica.org The training will be conducted at SKILLS FOR AFRICA TRAINING INSTITUTE The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request. Payment should be sent to our bank account before start of training and proof of payment sent to: training at skillsforafrica.org ? ? UNSUBSCRIBE -------------- next part -------------- An HTML attachment was scrubbed... URL: