Financial Regulation and Compliance Training Course

Why select this training course?

Financial regulation and compliance are important factors in any financial institution, so it is to investment firms, financial professionals, and any other financial institution. All financial professionals need to gain the skills in this course. After the financial crisis of 2007 – 2009, developing, maintaining, and ensuring compliance has become a major topic in the financial sector. There have been tight enforcement of compliance and regulations in all countries globally. The existing regulations are rapidly changing. Regulators and investigators must keep up with the changes, and so should the professionals in the field.

Financial compliance entails enforcing existing laws and regulations in the financial markets. It can take a wider form, from investments for banks to the best and most acceptable banking practices. The compliance requirements have a good reason for existence and are among the most notorious targets for cyberattacks, and the existing regulations ensure that financial services have minimum protection.

Why do financial institutions need financial regulation and compliance?

Financial institutions need financial regulation and compliance for several reasons:

• Consumer protection
• Financial stability
• Fair competition
• Market efficiency
• Preventing fraudulent and illegal activities

What are the requirements of financial compliance and regulations?

The requirements of financial compliance and regulations vary depending on the jurisdiction and type of financial institution. However, some common requirements include the following:

• Financial institutions must maintain a minimum level of capital
• Financial institutions must provide regular financial reports and disclosures to regulators
• Financial institutions must have robust risk management processes
• Anti-money laundering (AML) and countering the financing of terrorism (CFT) measures
• Consumer protection

The changes in the regulated sector are so quick, and teams and professionals should strive to catch up with these changes. The Financial Regulation and Compliance Training Course by Rcademy will explore the main compliance theme, regulatory changes, and the risks they have on financial services. It will also give a fresh look into data governance as part of financial compliance for financial institutions based on understanding the core issues and give ways to ensure the digital transformation is compliant with the laws.

Who should attend?

The Financial Regulation and Compliance Training Course by Rcademy is ideal for:

• Financial management staff
• Tellers
• Investors
• Board of directors
• Chief finance officers
• Ethical and legal compliance officers
• Bankers
• Cybersecurity personnel

What are the course objectives?

The objectives of the Financial Regulation and Compliance Training Course by Rcademy are to enable professionals to:

• Understand and appreciate the impact of money laundering regulations, general risks assessments and mitigation techniques, anti-money laundering directives, and how to be compliant with money-laundering laws
• Discover the existing compliance requirement in the financial sector
• Understand the importance and the core makeup of the current regulations and compliance frameworks
• Apply the learned knowledge of BASEL III to being compliant with the existing regulations
• Learn how to compare transactions costs in various asset classes
• Understand how to use best practices to be compliant
• Conduct the required internal investigation successfully using all the available data
• Refocus individuals within compliance and the business on various activities that will add value
• Ensure all the possible false positives and potential risks are being investigated, detected, and resolved properly
• Find more information that regulators can request in a quick and easy manner
• Conduct a trade reconstruction easily with better communication to regulators when possible
• Support their senior managers to be compliant and follow regulations by giving them the necessary information they need to ensure compliance in the areas they are responsible for
• Ensure more operational resilience
• Learn how to use RegTech to make the process more efficient and faster while reducing costs

How will this course be presented?

This Rcademy course will be presented by the industry’s best professionals who are experts in teaching and their areas of dominance using the following methods

• Notes
• Presentations
• Exercises
• Short videos
• Case studies

What are the topics covered in this course?

Module 1: The Existing Money Laundering Regulations

• The PEPs
• The 4th, 5th, and 6th directives against money laundering
• Existing risk mitigation tools and policies
• Reliance on other third parties to ensure compliance
• General risk assessment processes and methods
• The right level of due diligence
• Ensuring compliance with money laundering regulations

Module 2: The Financial Crimes

• How to comply with the financial crimes regulations
• Insider dealing, reporting and handling
• Market use and abuse of individuals and organisations
• Sanctions for failing to be compliant
• Money laundering effects
• Market manipulation and control 

Module 3: FCA Handbook, Compliance, and Regulatory Methods

• Training and competence sourcebook
• Topical issues that exist
• Global business best practices and standards
• Conduct of business sourcebook: the structure of the existing handbook
• Senior management and other arrangements systems control
• High-level standards
• Compliance with the FCA
• Principles of business

Module 4: Existing Compliance and Regulation Framework Core Elements

• The regulatory structure
• The market and financial services Act 2000 new amendments
• Unexplained wealth orders and compliance
• The role and responsibilities of the financial conduct authority
• The proceeds of crime Act 2019
• The role and responsibilities of the Prudential Regulatory Authority
• European Securities and markets authority  

Module 5: Compliance and Financial Regulations

• The evolving environment of regulated activities and their respective regulators
• Types of regulations
• FPC, FCA, and PRA
• Other issues in regulation amendments

Module 6: Regulation And Compliance In Financial Products

• The CRD (capital requirements directives)
• Accepting customers
• Advising and selling
• Managing and dealings
• Key financial services legislation
• Handling financial promotions
• How to handle complaints
• Effective financial products governance  

Module 7: The International Influence and EU on Compliance and Regulations

• The effects of EU directives
• Equivalent and passporting effects on compliance and regulations
• MiFID II highlights
• Global influence on regulations
• The European regulatory frameworks
• The role of BREXIT in influencing regulations
• The implementation of an effect of EU directives

Module 8: BREXIT and COVID-19 Effects

• Introduction to COVID impact
• Likely changes in the future
• Introduction to BREXIT and its impact
• The role and responsibilities of WFH in risk management
• Rules and requirements
• Risk maps
• Systems and control functions
• Key changes
• Accountability statements

Module 9: Oversees Financial Compliance

• The European insurance and occupational pensions authority
• The federal reserve
• Securities and exchange commission
• Know your client
• Examples of unethical financial compliance practices
• Financial crimes enforcement network
• European Union Overview
• The federal deposit insurance corporation