Compliance in Financial Institutions (GSP216)

Breach of ethical integrity has proven to be a sudden and devastating crisis that can break organisations that were once flag bearers. Ethical Compliance is a critical area that needs to be addressed through active mechanisms and infused into the organisation’s DNA. This course addresses the critical importance of ethical compliance in financial institutions. It aims to provide participants with a fundamental understanding of compliance's pivotal role in various financial sectors, including banking, insurance, and investment. The curriculum covers key aspects such as the role of compliance within financial institutions, regulatory environments, compliance risks, Anti-Money Laundering (AML), Anti-Bribery and Corruption (ABC), Counter-Terrorist Finance (CTF) as well as the significance of effective control mechanisms. Participants will gain insights into conducting client due diligence (CDD) reviews and acquire the skills necessary for managing ethical compliance challenges. The course covers the ethical compliance, including topics like fraud, bribery, corruption, and conflict of interest. Participants will learn how to prevent, detect, correct, and investigate incidents related to business ethical compliance, ultimately equipping them with the knowledge and tools to ensure the integrity and security of financial industries.

• Compliance Role in the Financial System
• Financial Regulation and Supervision
• Key Regulatory Requirements
• Compliance Risk Management
• Ethics, Culture and Conduct Risk
• Anti-Money Laundering
• Combating the Financing of Terrorism
• Anti-Bribery and Corruption
• Effective Client Due Diligence Measures
• Sanctions Transaction Monitoring and Filing of Suspicious Transaction Report
• Ethical compliance
• Financial Markets Code of Conduct

• Explain key ethics / regulatory / compliance risks inherent in the financial sector
• Describe what a compliance officer within a financial institution does
• Discuss the influence of emerging technologies on the compliance field
• Analyse compliance risks arising from various scenarios
• Give advice to key stakeholders of financial institutions regarding existence and management of compliance risks
• Apply effective and appropriate controls to address compliance risks