Laws & Regulations

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Lessons We Can Learn from Compliance Cases

Lessons We Can Learn from Compliance Cases

Dates:  22 November 2018 (8.30am - 5.00pm) 
Venue: Securities Commission Malaysia
Accreditation: SIDC CPE-approved: TBC

Compliance has become a widely discussed topic in recent times, often headlined by regulatory fines slapped on financial institutions for compliance failures. The absence of an effective compliance risk management framework exposes a financial institution’s customers, shareholders, employees and the financial institution itself to serious risks.

This programme is a continuation of the Compliance Matters series and is designed to assist compliance officers in carrying out their duties and responsibilities through a workshop by using case studies of real-world examples and hypothetical situations that highlight compliance issues that compliance officers should learn to recognise and deal with appropriately.

  • Programme Delivery

    Programme Objective

    The aim of this programme is to give an in-depth understanding on compliance from a practical perspective through high-level discussions and exposure of real-world case studies in which compliance officers’ face in executing their duties and responsibilities.

    Learning Outcome

    By the end of this programme, participants will be able to:
    • Illustrate the duties and responsibilities of a compliance officer from the perspective of both regulators in key major aspects of compliance;
    • Demonstrate an understanding of the key compliance areas, issues and challenges as well as the implications and how to deal with them appropriately based on the case studies which has been discussed; and
    • Recognise the best practices in the compliance function that lead to an effective compliance function and hence strengthening the organsitional trust and market reputation.

    Methodology

    This programme is a workshop style training course using effective learning methods which include presentations, discussions, case studies, examples and participant interaction to help attendees quickly grasp and internalise new knowledge with well experienced trainers in their field.
     

    Target Audience

    • Compliance officers, risk management officers, investment advisors, lawyers, and accountants
    • Stockbroking firms, fund management companies, unit trust management companies (UTMCs), investment and commercial banks, insurance companies and PLCs
  • Programme Delivery

     
      8.30 am Registration
      9.00 am DUTIES AND RESPONSIBILITIES OF A COMPLIANCE OFFICER
    This session examines  the duties and  responsibilities of a compliance officer from the perspectives of both regulations and practice in the following major aspects:
    • Anti-Money Laundering and Counter Terrorism Financing
    • Safeguarding Investors’ Interests
    • Mitigating Reputational Risk
    • Monitoring and Surveillance
    • Compliance vs. Ethics
     10.45 am Refreshments
     11.00 am CASE STUDY DISCUSSION: KEY COMPLIANCE AREAS, ISSUES AND CHALLENGES        
    An interactive discussion session based on both local and international case studies facilitated by the trainers. The aim is to fully understand the key compliance areas, issues and challenges via thorough discussion of the cases and the exchange of views and experiences the compliance issues faced by compliance officers in carrying their duties.
    • Key Areas – AML/CFT, Corporate Governance, Internal Process and Controls/SOP; and Common Non-compliance and/or Breaches of extant guidelines, rules and regulations
    • Red Flags and Indicators
    • Identification, Escalation and Resolution Non-Compliance Matters
    • Addressing the Compliance Failure
     1.00 pm Lunch
     2.00 pm CASE STUDY DISCUSSION: KEY COMPLIANCE AREAS, ISSUES AND CHALLENGES (cont)        
     3.45 pm Refreshments
     4.00 pm BEST PRACTICES: WHAT CAN BE LEARNED AND CHALLENGES
     
    This final session focuses on the best practices of a compliance function, the challenges faced by compliance officers especially in gaining high level support and commitment from the BOD as well as the importance of compliance to a Company’s reputation. These best practices would lead to an effective compliance function and hence strengthening the organsitional trust and market reputation.  
      5.00 pm Debrief of Session and Key Take Away
      5.30 pm END OF PROGRAMME
     
    Cases discussed:
    • Barrings
    • Employee Trading Fund Management
    • Insider Trading Chinese Wall
    • Morgan Stanley
    • Supervision on DRs and Reporting of STRs
    • Unfair Allocation
    • Unlicensed Activity
  • Programme Fees

    Normal Price     Group 3 or more*
    RM 950                       RM 855