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Basic Course for Compliance Officers |
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Rationale
Rural Bank implementation of BSP rules, regulations and other issuances needs a compliance officer (CO) to monitor and intervene in the compliance system (if necessary) of a bank. The course enables COs to recognize the importance and the value of compliance based on the principles of good corporate governance. The course also equips the rural bank participant with the skills in detecting and preventing suspicious transaction (under the anti-money laundering rules) and bank fraud. Learning Objectives: At the end of the two (2) - day seminar, the rural bank participants will be able to: 1. Describe the rules, regulations, structure and processes behind Bank compliance; 2. Recognize and define good Corporate Governance as a tool for enhanced Bank compliance; 3. Familiarize and identify anti-money laundering activities especially on Suspicious Transactions, and, 4. Detect bank frauds and come up with countermeasures to prevent them. COURSE OUTLINE: Topic I : Compliance Rules and Regulations, Structure and Practice 1. Introduction 2. BIS, Basel Committee on Banking Supervision Consultative Document on Compliance Function in Banks 3. BSP Circular No. 145 4. Compliance Cycle 5. Compliance Coordinating Hierarchy Model 6. Model Table Organization 7. Compliance System 8. Compliance Officer 9. Compliance Officer: Job Functions and Responsibilities 10. Compliance Risk Classification/Factors (Regulator's Point of View) 11. Compliance Risk Level and Testing Frequency (Insitution's Point of View) 12. Compliance Self-Testing Plan 13. Case Studies 14. Compliance Objectives 15. Ultimate Vaue of Compliance 16. ABCOMP Topic II : A Briefing on Corporate Governance 1. Introduction 2. The Corporate Scandal Sheet 3. Issues and Concerns 4. What is Corporate Governance? 5. Why Do We Need Corporate Governance? 6. What Should We Do? 7. Principle of Fairness, Accountability and Transparency 8. Conceptual Framework 9. Key Principles 10. Sarbanes-Oxley Act, USA 11. SEC Memo Circular nos. 2 & 5 12. The Corporate Governance Scorecard 13. BSP/SEC on Corporate Responsibility 14. BSP on Good Governance 15. The Board 16. Independent Director 17. Penalties 18. Comparison of Asian and Western Models of Corporate Governance 19. Training Providers 20. Looking Forward Topic III : Anti-Money Laundering: Focus on Suspicious Transactions 1. What are Suspicious Transactions? 2. Reasonable Ground to Suspect 3. Pointers on How to Identify a Suspicious Transaction 4. AMLA RIRR Rule 3.b.1 5. Predicate Offenses 6. AMLA RIRR Ruel 5.3 7. AMLA RIRR Rule 9.3.c 8. AMLA RIRR Rule 9.3.d 9. AMLA RIRR Rule 9.3.e 10. BSP Examination Procedures for Anti-Money Laundering Activities 11. Hawala System 12. AMLA Coordinating Agencies Topic IV : Bank Fraud: Detection and Prevention 1. Introduction 2. What is Fraud? 3. The First Deception? 4. Why Commit Fraud? 5. Fraud Triangle 6. Popular Misconceptions 7. Why Detection and Prevention? 8. Profile of a Fraudster 9. What is Employee Theft? 10. Handling Employee Theft 11.. Disposal of Proceeds 12. Guilty Pleas of Accused 13. Fertile Ground for Fraud to Occur 14. Fraud Indicators 15. Bank Related Frauds 16. Banks versus other Industries 17. Types of bank Related Frauds 18. Fraud Prevention 19. Risk Analysis 20. Categories of Risk Factors 21. Fraud Prevention Tools 22. Section X163 Internal Control System 23. Handling the Media 24. Subsection X162.4 Report on Crimes/Losses 25. What is a White Collar Crime? 26. What is a Cybercrime? 27. Republic Act No. 8792 28. What are the Elements of the Crime Penalized under BP 22? 29. Sample Cases 30. The Eighth Commandment: Thou Shall Not Steal Seminar Methodologies Lectures Case Studies Mini-workshops Duration: 2 Days Expected Participants Compliance Officers The Organizers RBAP RBRDFI Resource Speaker Association of Bank Compliance Officers of the Philippines, Inc. (ABCOMP) Bangko Sentral ng Pilipinas REGISTRATION FEES Manila Trainings : P3,700.00 per participant Note: * A maximum number of 30 participants. * Registration fee per participant includes: payment for honorarium of resource speakers, hand-outs & kits, IDs, Certificates of Completion, invitation and coordination services of RBAP/RBRDFI staff, cost of the training venue, meals of resource speakers and RBAP/RBRDFI staff, transportation of the resource speakers to and from the venue, and secretariat services during the training. *Participants who will be able to pay 2 weeks before the scheduled training are entitled to a 5% discount from the above registration fee. |
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Circular Letters/Memoranda |
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Speeches/ Presentations |
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Photo Gallery |
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Rural Banking Week Celebration Golf Tournament |
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FMMRB Disclaims the White Paper Being Circulated |
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Federation of Batangas Rural Bankers -Fellowship Trip to China, Sept. 08-13,'08 |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
