Compliance – Fundamentals for the Non-Financial Sector

Compliance – Fundamentals is an essential multi-day training module focusing on the fundamental principles of Compliance and its various applications. Participants gain an in-depth understanding of compliance responsibilities, specific areas of compliance, and the legal provisions governing cooperation with the authorities.

The programme covers key topics such as AML/CTF, governance, customer complaints, data protection, and more. It also addresses the Code of Conduct and the Compliance Function.

The training concludes with a one-hour examination. The sessions are organised into two four-hour sessions, allowing participants to plan their attendance.

By the end of this module, participants will:

• Have a good understanding of the fundamental principles of Compliance and the key areas in which Compliance applies.

• Be familiar with the Code of Conduct and the legal and practical provisions governing cooperation with the authorities.

Unit 1

• Why Compliance? (evolution, governance)

• What is Compliance? (definition, compliance risks, compliance charter, standards, RBA)

• International organisations (Basel Committee, EBA, FATF, Wolfsberg Group)

Unit 2

• Establishing a Compliance Function (principles, compliance requirements)

• Compliance risks / Roles and responsibilities of the Compliance Function (internal control, compliance framework, role in relation to the Board of Directors, authorised management, employees, the AML/CTF officer, and Compliance)

• Ethics (Code of Conduct, anti-corruption, whistleblowing arrangements, professional secrecy)

Unit 3

• AML/CTF (Anti-Money Laundering and Counter-Terrorist Financing)

• International sanctions / Proliferation financing

• Fraud

Unit 4

• Data protection

• Customer protection

• Conflicts of interest

• Whistleblowing arrangements

• Remuneration

This training is intended for professionals in the non-financial sector (notaries, lawyers, accountants, real estate agencies, commercial companies, etc.) who wish to acquire a basic understanding of Compliance.

At the end of the training course, participants will be able to download a certificate of attendance issued by the House of Training from the learner portal.