An Interactive 5-Day Training Course
Statutory, Legal and Compliance Requirements
Compliance in Practice & Risk Management
Course Overview
In this Statutory, Legal and Compliance Requirements training course, we examine complexity of issues encountered by compliance officers and managers which is a result of the regulatory regime and the increasingly dynamic nature of the business and the risk scenarios which arise as a consequence. We introduce, demonstrate and test best practice recommendations for the role of the Legal and Compliance Officer, and the ever increasing need within to comply with requisite statutory, regulation, and best practice and to ensure that their staff are appropriately trained.
This training course is designed from legal compliance practitioner’s perspective and it provides a comprehensive overview of the regulatory environment, the role of compliance professionals, their functions and position within the regulatory regime and their relationship with the business and other stakeholders.
This GLOMACS Statutory, Legal and Compliance Requirements training course will highlight:
- The statutory and regulatory environment
- The role and powers of the authorities (from international perspective)
- The style and features of regulation
- The role and responsibilities of the compliance
- The issues to be considered in developing compliance policies and procedures
- A variety of core pieces of legislation which are relevant to the compliance function
- Best practice risk management techniques
- Key risk areas
Training Outline
DAY 1: Understanding Risk, Statutory, Legal and Regulatory Compliance
- What is effective legal and regulatory compliance?
- Prudential compliance
- What are the objectives of compliance?
- What is integrity in the eyes of the regulator?
- Managing regulatory compliance in a dynamic environment
Regulators and their Power
- The role of the regulator
- Regulatory models
- Enforcement
- Regulatory rules
- The framework of a regulator
- The potential liability of regulators
DAY 2: Understanding the Legal and Regulatory Environment
- The need for, and objectives of law and regulation
- Sources of law and regulation
- Prevention of money laundering and financial crime
- Understanding money laundering offences
- Designing an effective reporting system
- Terrorist financing
- The USA PATRIOT act and US extraterritoriality
- Money laundering and tax evasion
- Financial crime
- Preventing fraud
- Corruption
- Market manipulation / misleading statements, insider dealing and market abuse
DAY 3: Industry Knowledge and Awareness
- Codes of corporate governance
- Regulatory principles
- Overview of commercial laws and mechanisms governing legal persons and arrangements
- Regulators
- Products and services
The Role of the Compliance Officer
- Compliance structure
- The role of the compliance officer
- Key compliance activities and processes
- Risk-based compliance monitoring
- Investigating compliance breaches
- Training
DAY 4: Compliance in Practice
- Compliance governance
- Internal and external relationships
- Links between compliance, culture and ethics
- Specific internal compliance control issues
- Risk management
Key Compliance Issues
- Practical considerations
- Compliance oversight and internal controls
DAY 5: Legislation of Relevance to the Compliance Function: Risk Management
- Understanding where disputes are most likely to arise
- Understanding regulatory risk
- The risk management process: What to remember when designing an effective risk management system?
- Opportunities and threats from risk management developments
- Dealing with regulatory issues and enforcement
- Why risk management of legislative breach must be included in compliance framework?
- Key risk areas: financial crime and money laundering, cyber-crime, bribery and corruption, data protection loss
- Best practice risk management techniques
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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