Certified Compliance Analyst (CCA)
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Certified Compliance Analyst (CCA) Course
Introduction:
In recent years, the role of compliance has undergone rapid transformation, emerging as a critical and often mandatory function within organizations. Compliance professionals carry a distinct responsibility to mitigate tangible risks, especially in an environment characterized by increasingly stringent regulatory controls and intensified enforcement activities. Financial crimes now carry more frequent, substantial penalties, encompassing both civil and criminal liabilities.
This course is designed to bridge international compliance requirements with recommended compliance frameworks, aiming to fortify the compliance culture within organizations. Participants will gain a comprehensive understanding of how to establish and enhance a robust compliance culture through the implementation of effective policies, procedures, and organizational relationships. It is this pervasive compliance culture that should permeate an organization's compliance programs, ensuring adherence to regulations and fostering a proactive approach to risk mitigation.
Join us in this course to explore the evolving field of compliance and equip yourself with the knowledge and skills necessary to establish a strong compliance culture within your organization. By aligning with international best practices and emphasizing the importance of a comprehensive compliance framework, you will be better equipped to navigate the complex regulatory landscape and safeguard your organization's reputation and success.
Course Objectives:
At the end of this Certified Compliance Analyst (CCA) Course, learners will be able to do:
- Learn essential compliance concepts and frameworks
- Understand the importance of compliance culture and implementation of compliance policies
- Acquire key concepts in order to mitigate fraud and other compliance risks
- Define the role of key players and corporate governance in implementing compliance frameworks
- Identify and discuss emerging compliance issues and trends
Who Should Attend?
This training course is suitable for a wide range of professionals but will greatly benefit:
- Compliance Managers and Compliance Officers
- Anti-Money Laundering Officers and the Deputies
- Senior Management
- Directors
- Company Secretaries and Corporate Governance Officers
Course Outlines:
The Compliance Function
- What is Compliance?
- Compliance benefits
- The business case for Compliance programs
- Whose responsibility, is it?
Compliance Regulatory Frameworks
- Role of regulators (Authorize Set standards Supervision – Enforcement)
- Interaction with National Frameworks
- Main regulatory requirements
- International and GCC regulators
- International and GCC Standard-Setting Bodies
- Harmonization or application of international rules (UN Sanctions)
- The international reach of country laws (UK Bribery Act, US FCPA, US FATCA)
- Emerging topics in regulation, e.g., tax avoidance, whistleblowing rewards
- New developments, e.g., EU Financial Services action plan
Corporate Compliance Frameworks
- Corporate structures and organizational arrangements
- The relationship between the board of directors, regulatory supervisors, and internal and external auditors
- Role of the Board and Board Committees
- The role and responsibilities of the Chief Compliance Officer or Compliance Officer (CO)
- Management’s philosophy and operating style
- Risk culture (appetite and tolerance)
- Elements of an effective compliance program
Compliance Functions
- Role of a Compliance Officer
- Skills required by an effective Compliance Officer
- Duties of a Compliance Officer
- Compliance Officer’s job description
Compliance Culture
- Setting a positive Compliance culture
- Responsibility
- Sponsorship
- Compliance Officer – Internal relationships
- Compliance Officer – External relationships
- Compliance risk management
- Policies and procedures
- Common presentation and contents
- Responsibility
- Approval and amendment
Compliance Programs
- Compliance monitoring program
- Components of a Compliance program
- Periodic and Annual Compliance report to the Board
- Compliance audit
- Compliance monitoring and review
- Resourcing and outsourcing
Current Corporate Compliance Themes and Issues
- Financial crime risk
- Money laundering and terrorist financing
- Money laundering offences
- Example offences
- Money launderers’ objectives
- Interaction with National Frameworks
- Main regulatory requirements
- Terrorist financing
- Sanctions and bans
Current Corporate Compliance Themes and Issues (contd.)
- Fraud
- Internal fraud
- Environmental characteristics that might facilitate internal fraud
- Indicators of staff fraud
- Common warning signs of fraud
- Mitigation of staff fraud
- Market misconduct, insider dealing and market abuse