Statutory, Legal, and Compliance Requirements

Introduction

In this training course on Statutory, Legal, and Compliance Requirements, we explore the complexities faced by compliance officers and managers, driven by evolving regulatory landscapes and dynamic business environments. We will introduce, demonstrate, and evaluate best practices for the role of Legal and Compliance Officers, emphasizing the critical need to adhere to statutory requirements, regulations, and best practices while ensuring that staff are adequately trained.

Designed from the perspective of legal compliance practitioners, this course offers a comprehensive overview of the regulatory environment, the roles of compliance professionals, their functions within the regulatory framework, and their interactions with the business and other stakeholders.

This training course will cover:

– The statutory and regulatory landscape
– The role and authority of regulatory bodies from an international perspective
– Key regulatory styles and features
– The responsibilities of compliance professionals
– Considerations for developing effective compliance policies and procedures
– Essential legislation relevant to compliance functions
– Best practice risk management techniques
– Key risk areas to monitor

Objectives

This course will enhance your ability to identify and navigate statutory, legal, and compliance requirements within your organization. You will develop skills to ensure that operations adhere to legal frameworks while fostering an environment that minimizes risks for all stakeholders.

By the end of this course, you will:

– Understand the roles and responsibilities of the compliance function, including those of designated Compliance Officers, and the skills needed for effective performance.
– Recognize critical issues in developing compliance policies and procedures.
– Familiarize yourself with key legislation relevant to compliance.
– Identify key risk areas such as money laundering, cybercrime, bribery, corruption, data protection, and financial services regulation.
– Apply best practice risk management techniques.

Training Methodology

Our expert presenter will draw on practical experiences and engage in extensive discussions with compliance officers, policymakers, law officers, and private sector contractors worldwide. The training will combine presentations with practical case studies and interactive exercises, ensuring participants have ample opportunities to discuss and understand key statutory, legal, and compliance principles.

Organisational Impact

Learning from the successes and failures of others is vital. This course utilizes practical examples of best practices and documented failures to maximize your team’s chances of success. Through open discussions and interactive exercises, your team will gain the skills and confidence to navigate statutory, legal, and compliance requirements effectively.

 Personal Impact

Participants will learn and practice techniques for:

– Evaluating essential elements of statutory, legal, and compliance issues in business.
– Integrating risk management of legislative breaches into the compliance framework.
– Understanding the links between compliance, regulation, and professional ethics.
– Identifying the qualities necessary for compliance professionals.
– Staying updated on recent developments in the legal and regulatory landscape.

Who Should Attend?

This training course is tailored for anyone in compliance or risk management roles within an organization. It is particularly beneficial for employees responsible for compliance management and those seeking to learn fundamental compliance principles.

This GLOMACS training course will greatly benefit:

– Compliance officers and staff
– Risk managers
– Compliance managers, associates, and analysts
– Contract executives and managers
– Employees with legal compliance responsibilities

Course Outline

**DAY 1: Understanding Risk, Statutory, Legal, and Regulatory Compliance**
– Effective legal and regulatory compliance
– Objectives of compliance
– Integrity from the regulator’s perspective
– Managing regulatory compliance in dynamic environments
– Role and power of regulators

**DAY 2: Understanding the Legal and Regulatory Environment**
– Objectives of law and regulation
– Sources of law and regulation
– Prevention of money laundering and financial crime
– Designing effective reporting systems
– Financial crime, fraud prevention, and corruption

**DAY 3: Industry Knowledge and Awareness**
– Codes of corporate governance
– Regulatory principles and commercial laws
– Role of the Compliance Officer
– Key compliance activities and processes

**DAY 4: Compliance in Practice**
– Compliance governance and internal/external relationships
– Links between compliance, culture, and ethics
– Internal compliance control issues
– Compliance oversight and internal controls

**DAY 5: Legislation of Relevance to the Compliance Function: Risk Management**
– Understanding regulatory risk
– Designing effective risk management systems
– Opportunities and threats in risk management
– Key risk areas: financial crime, cybercrime, bribery, corruption, and data protection
– Best practice risk management techniques