Program Brief

This training program is to provide participants with knowledge and skills necessary to pass the Advanced Qualification Exam in Compliance, presented by the CMA and TFA. The exam is tailored for CMA-licensed compliance and AML officers. This program is designed to familiarize participants with the regulatory environment for financial services as well as local and international regulations, as well as to promote compliance & governance culture, understanding of risks, and shows how to establish an effective compliance function, in addition to identifying key skills in combating main financial crimes.

Program Topic
  • Compliance and Anti-Financial Crimes
Program Goals

At the end of the training program, the participant should be able to:

  • Gain knowledge and skills required to pass the Advanced Qualification Exam in Compliance.
  • Understand financial services regulatory environment and its objectives to make markets fair and transparent and mitigate legal risks.
  • Be familiar with the laws and regulations to be followed while performing the duties of his/her job.
  • Be familiar with the skills of compliance function, and how to draft compliance policies and procedures to establish an effective corporate compliance environment.
  • Deploy and apply a culture of compliance, conduct and governance to raise awareness.
  • Identify the risks of key financial crimes and develop an early alert plan to combat such risks and maintain market integrity.
Program Agenda
Module 1: Understand the Regulatory Environment
  • 1 Objectives of Financial Services Regulation

    • 2 Overview on Regulation

      • 3 Development of Financial Services Regulation

        • 4 Client/Investor Protection

          • 5 Definition of Capital Market

            Module 2: International Regulations, and the Laws and Regulations of Saudi Arabia
            • 1 The Role

              • 2 International Regulatory Models

                • 3 Overview of Current International Legislation

                  • 4 International Regulatory Organizations

                    • 5 KSA Regulators, Laws

                      Module 3: Understand Risks
                      • 1 Activities and Responsibilities of Compliance Function

                        • 2 Different Types of Compliance Officer Activities

                          • 3 Risk Management

                            • 4 Key Relationship Management – Internal

                              • 5 The Role of Compliance Officer

                                • 6 Drafting Compliance Officer Job Description/ Employment Contract

                                  Module 4: How to Establish an Effective Compliance Function
                                  • 1 Factors to be Considered in Designing a Compliance System

                                    • 2 Developing an Internal Compliance System

                                      • 3 Supposed Regulatory Objectives

                                        • 4 Defining the Roles and Responsibilities of Key Stakeholders

                                          • 5 Designing an Internal Compliance System: Risk-Based Approach

                                            • 6 Implementation and Communication of Internal Compliance Arrangements

                                              • 7 Policies

                                                • 8 Prevention of Financial Crimes

                                                  • 9 Market Abuse

                                                    • 10 Anti-money Laundering

                                                      • 11 Fraud

                                                        Module 5: Corporate Governance
                                                        • 1 Corporate Governance

                                                          • 2 Relationship between Compliance and Corporate Governance

                                                            • 3 Establishing an Effective Compliance Environment

                                                              • 4 Training

                                                                • 5 Ethics, Integrity

                                                                  • 6 The Culture of Compliance – What is it? And why is it important?

                                                                    • 7 Changing Perceptions: Compliance as a Business Empowerment Tool

                                                                      Final Exam: As part of the Advanced Certificate Program, you must take a two-hour exam
                                                                        Program Requirements
                                                                        • Requirements

                                                                        1. The candidate must have a minimum of two years of experience in the field of compliance and/or ML/FT Reporting with a licensed entity. 2. Candidates for compliance and/or AML roles must be registered in the following programs: - CMA Advanced Qualification Examination in AML/CFT. - CMA Advanced Qualification Examination in Compliance. To be completed within a maximum period of one year from the completion of the required experience mentioned above. 3. The two programs are not required for compliance and/or AML professionals who have obtained certifications from the International Compliance Association (ICA) in either compliance or AML.

                                                                        Program Path

                                                                        Names of the training programs that are integrated (enriched) with the training program:

                                                                        Names of the training programs that after the training program:

                                                                        Program Method
                                                                        • Lecture
                                                                        • Case Studies
                                                                        • Practical Implementation
                                                                        • Dialogue and Discussions
                                                                        • Exercises and assignments
                                                                        Evaluation Method
                                                                        • Pre Exam
                                                                        • Post Exam
                                                                        Training Type
                                                                        • In Class Training
                                                                        • Online Training

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