Module 5: Compliance Management Organizational Structure

• 1 Compliance Management Organizational Structure

• 2 The independence of the commitment function

Module 6: The Role of the Compliance Department and its Relations with other Departments in the Financial Institution

• 1 Duties and responsibilities of a compliance manager in a financial institution

• 2 The relationship of the compliance function to risk management

• 3 The relationship of the compliance function with internal audit

• 4 Relationship of the compliance function with other related departments

Module 7: Compliance Policy

• 1 Compliance policy

• 2 Compliance Officer responsibilities

• 3 Monitor compliance

• 4 Board responsibilities

• 5 Senior management responsibilities

• 6 Compliance management responsibilities

Module 8: Compliance Monitoring and Checking Process

• 1 Stages of monitoring and testing compliance

Module 9: Risk-Based Compliance

• 1 Principles of Risk-Based Compliance

• 2 How to design a risk-based compliance plan?

• 3 Mechanisms for implementing a risk-based compliance plan

• 4 Checking steps

Module 10: The Role of the Compliance Function on the Implementation of International Requirements related to Financial Institutions

• 1 Corporate Governance

• 2 Financial Crimes

• 3 International and regional sanctions

• 4 Requirements to comply with the automatic exchange of information

• 5 Payment Card Industry Data Protection Standards

Module 11: Principles of Conduct and Business Ethics in the Financial Institution

• 1 Compliance to professional conduct and public morals

• 2 Interact with stakeholders

• 3 Combating financial and administrative corruption crimes

• 4 Duties and responsibilities of employees of financial institutions

• 5 Consequences of not adhering to the principles of conduct and work ethics

Module 12: The Role of the Compliance Function in Consolidating Compliance with Sound Standards in the Financial Institution

• 1 What is meant by standards of good practice in financial institutions?

• 2 The main areas that are subject to the standards of good practice in financial institutions

• 3 The role of the compliance function in consolidating compliance with sound standards

Cases and practical applications

Subject: Anti-Money Laundering

• 1 Module 1: Concept, Stages and Risks of Money Laundering and Terrorist Financing

  • Money laundering concept

  • Stages and methods of money laundering

  • Negative effects of money laundering

  • Correspondent Banking

  • Nested accounts

  • Aggregate accounts

  • Private banking

  • Money laundering in the real estate sector

  • Money laundering using precious metals and gems

  • Money laundering using insurance policies

  • The concept of terrorist financing

  • Stages of terrorist financing

  • The difference between money laundering and terrorist financing

  • The negative effects and consequences of money laundering

  • Benefits of complying with the regulatory requirements for combating money laundering and terrorist financing

• 2 Module 2: International and Regional Efforts and Initiatives to Anti-Money Laundering and Combating the Financing of Terrorism

  • The Financial Action Task Force (FATF)

  • United Nations

  • United Nations Security Council Resolutions

  • Basel Committee on Banking Supervision

  • The World Bank and the International Monetary Fund

  • Egmont Group of Financial Intelligence Units

  • EU directives

  • US national law

  • Wolfsburg Group

  • Office of Foreign Assets Control (OFAC)

• 3 Module 3: Analytical Study of the Legislative Framework in the KSA to Anti-Money Laundering and Combating the Financing of Terrorism

  • Anti-money laundering system and penalties

  • Combating terrorism and its financing system

  • The role of the Saudi central bank

  • The role of the Capital Market Authority

• 4 Module 4: Analytical Study of the Regulatory and Institutional Framework in KSA for Anti-Money Laundering and Combating the Financing of Terrorism

  • The responsibility of financial institutions to anti-money laundering and combating the financing of terrorism

  • Board responsibilities

  • Senior management responsibilities

  • Responsibilities of financial institution employees

  • Risk based approach

الوحدة 5: برامج مكافحة غسل الأموال وتمويل الإرهاب في المؤسسات المالية والأعمال والمهن غير المالية

• 1 Anti-Money Laundering and Terrorist Financing Compliance Program

• 2 Recruitment and follow-up criteria

• 3 Record keeping

• 4 Report suspicious operations

• 5 Monitoring and follow-up of operations and activities

• 6 Risk-based monitoring and follow-up

• 7 Indicators of suspicion of financial institutions

• 8 Indicators of suspicion of non-financial business and professions

Module 6: Due diligence procedures

• 1 Customer Acceptance Policy

• 2 Due diligence procedures

• 3 Update customer information

• 4 The real beneficiary

• 5 Reliance on a third party to fulfill due diligence measures

Module 7: Strict due diligence procedures for categories of clients or high-risk financial transactions

• 1 Strict due diligence procedures

• 2 Politician at risk

• 3 Correspondent Banking Relationship

• 4 Risk Mitigation Measures

• 5 Telegraphic Transfer

• 6 Simplified Due Diligence Measures

Practical examples and cases of money laundering and terrorist financing and lessons learned

Subject: Corporate Governance

• 1 Module 1: What is Governance?

  • Introduction and historical background

  • Define governance, its importance and objectives

  • Governance Principles

• 2 Module 2: International Standards of Governance

  • Basel Committee on Banking Supervision (BCBS)

  • Organization for Economic Co-operation and Development (OECD)

  • Islamic Financial Services Board (IFSB)

  • World Bank (WB)

  • International Association of Insurance Supervisors (IAIS)

  • Commission on Payments and Financial Market Infrastructure (CPMI)

• 3 Module 3: Saudi Governance Requirements

  • Corporate governance regulations issued by the Capital Market Authority

  • The basic principles of governance in financial institutions subject to the supervision and supervision of the Central Bank of Saudi Arabia

  • Regulation of governance of insurance companies in the Kingdom of Saudi Arabia

  • Banking sector governance controls

  • Instructions for Sharia’a governance in finance companies

  • Sharia’a governance framework for local banks and banks operating in KSA

• 4 Module 4: The Role of the Board of Directors in Consolidating Sound Governance

  • Formation of the board of directors

  • Board of Directors Responsibilities

  • Executive management responsibilities

  • Committees of the Board of Directors

Module 5: The Regulatory Environment Necessary to Achieve Corporate Governance in Financial Institutions

• 1 What is meant by the control environment in financial institutions?

• 2 The role of internal audit in governance

• 3 The role of commitment in governance

• 4 The role of risk management in governance

• 5 The importance of integrating the oversight functions to achieve governance

Module 6: Disclosure and Transparency

• 1 The general basis for disclosure and its importance

• 2 What information should be disclosed

• 3 Disclosure methods

• 4 Corporate Social Responsibility Governance

Module 7: Best Practices in Implementing Corporate Governance in Financial Institutions

• 1 Important considerations that essential in the applications of corporate governance in financial institutions

• 2 Corporate governance report form

Cases and practical applications

Subject: Risk Management

• 1 Module 1: Introduction to Financial Risks and their Types

  • Define the concept of risk

  • Define the concept of risk management

  • The Importance of Risk Management (Why Do We Need Risk Management)

  • Risk management strategy

  • Risk Management Governance

  • The Basel Committee and its relationship to risk management

  • The role of the Basel Committee in achieving effective banking supervision

• 2 Module 2: Risk Management

  • Types risk

  • Reviewing and mitigating risks: acceptance, risk transfer

  • Monitoring procedures

• 3 Module 3: The Role of Risk Management with other Parties in the Organization

  • The relationship of internal audit to risk management

  • The relationship of external audit with risk management

  • The “three lines of defense” model for risk management

  • The integrative relationship between risk management, compliance management and governance

  • The role of the board of directors in risk management

• 4 Module 4: Board Risk Management Committee

  • The role of executive management in risk management

  • The role of managers in risk management

  • Risks across different sectors

Practical cases and lessons learned from global crises