The Certificate of Compliance & Combating Financial Crimes is a specialized certificate in the field of compliance and combating money laundering and terrorist financing for financial institutions. It aims at clarifying the concepts of compliance in the financial sector and the role of compliance and AML / CFT departments in ensuring compliance with regulatory requirements and protecting financial institutions from fines and penalties. The risk-based approach, the identification and assessment of risk of non-compliance and the applying the 40 standards of the FATF to be discussed during the course.
.Clarify the concept of compliance and governance, combating money laundering and strengthening the financial institution's ability to respond to regulatory requirements in these areas.
.Obtain the basic information needed to build and implement compliance programs and combat money laundering and terrorist financing
.Identify and understand the elements and consequences of exposure to risks of non-compliance with related regulatory requirements.
.. Identify and assess risks of non-compliance and identify suspicious processes that should be reported to the FIU
.How to apply a risk-based approach and assess the risks to customers, products, services and geographical areas
. The regulatory authorities demand all banks and financial institutions to implement all regulations, standards and instructions to ensure the preservation of their reputation and credibility and the interests of shareholders and depositors and to protect them from systemic penalties.
. Compliance is a comprehensive and multifaceted responsibility that falls on all parties in the financial institution.
.Managers and staff of the Compliance and AML Department.
.Managers and employees of Risk departments, internal audit, and Internal control departments.
.Lawyers, legal advisors and employees of legal departments
. Experience of at least 2-3 years in the field of compliance and combating financial crimes.
.Banking experience in banks or financial institutions not less than 3 years.
.Complete and attend the Compliance Course –Basic Level
.Complete and attend the AML / CFT course- Basic level
.Certificate of Compliance Advanced (COC3)
.Program Attendance Certificate.
.COC Certificate of Compliance (COC) after passing examinations at the end of each course.