Key Details

Duration: 1 Day

Available: In-House only

Overview

All firms must establish and maintain effective systems and controls in compliance with all applicable laws and regulations. An effective Compliance Monitoring Programme should mitigate compliance risk and support effective Corporate Governance and produce accurate and timely data to measure programme performance.CCL have developed this workshop to meet the needs...

All firms must establish and maintain effective systems and controls in compliance with all applicable laws and regulations. An effective Compliance Monitoring Programme should mitigate compliance risk and support effective Corporate Governance and produce accurate and timely data to measure programme performance.

CCL have developed this workshop to meet the needs of senior managers and compliance professionals who require a comprehensive analysis of the key elements of a Compliance Monitoring Programme (CMP). This workshop style programme provides a practical guide to assessing the appropriateness and effectiveness for existing systems and controls.

This course is part of our Certified Compliance & AML Manager Award programme in association with Henley Business School and ICMA Centre. This programme is only available to firms on an in-house basis. To view this course as part of our public schedule for individuals to attend, click here.

Who is this for?

The course will be of considerable value to Money Laundering Reporting Officers (MLRO's) and Compliance Officers with at least 2 years relevant experience and who wish to cement their understanding of the topic with a sound practical grounding.

Roles & Responsibilities

  • Role of Senior Management
  • Dedicated Compliance Officer

Scope of the Programme

  • Considerations – type of firm, products
  • Identify relevant rules, regulations and laws
  • Assign risk rating & frequency of review
  • Define objectives

Compliance Testing

  • Approach
  • Areas to test, including:
    • Corporate Governance
    • Senior Management Arrangements
    • Systems & Controls
    • Authorised Individuals & employee suitability
    • Conflicts of Interest
    • Communications and marketing
    • Client acceptance process
    • Regulatory returns
    • Dealing Rules
    • Documentation & Record Keeping

The CMP Report

  • Introduction
  • Details of testing
  • Summary of findings & recommendations
  • Address previous issues
  • Management review & sign-off

Further Considerations

  • Training & education
  • Internal communication
  • Responding to breaches

After attending this workshop you will:

  • Understand the roles & responsibilities of senior management and the Compliance function in designing and implementing an effective Compliance Monitoring Programme
  • Be aware of relevant regulations, considerations & risks that will affect the scope of the Programme
  • Know which areas of the business need testing & how this testing should be conducted
  • Understand the importance of record-keeping
  • Be able to prepare a Compliance Monitoring Programme Report