Our Courses

Diploma in Compliance

  • Commencement

    24 April 2022

  • Duration

    96 hours

  • Medium

    English

Course Fee

Full payment : Rs.25,000.00/-

Installment payments : 60% + 50% of course Fee

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Objectives

Upon completion of the programme, participants will be able to demonstrate:

  • understanding and knowledge of the regulatory environment, including the role and powers of the Central Bank of Sri Lanka
  • understanding and knowledge of the role and responsibilities of both the Compliance function and the Compliance Officer, and the skills needed to successfully discharge these
  • understanding and knowledge of the issues to be considered in developing compliance policies and procedures
  • familiarity with money laundering offences, key regulatory anti money laundering requirements
  • familiarity with a variety of different types of financial crime, including the identification of such crimes.

Course Contents

Module I - Understanding the Regulatory Environment

  • The need for, and objectives of, regulation
  • Sources of regulation
  • Financial Regulatory Framework in Sri Lanka
  • Corporate Governance
  • Overview of commercial laws and mechanisms governing legal persons and arrangements
  • International Financial Regulatory Initiatives
  • Cross-jurisdictional issues

Module II - Financial Industry and Risk Management

  • Overview of Sri Lanka’s financial sector
  • Financial institutions and relevant Organizations in Sri Lanka
  • Financial Products and Services
  • Recent regulatory, market developments and trends in Sri Lanka
  • Overview of Risk Management
  • Risk Management and Regulation
  • Specific financial service risks
  • Compliance risk
  • Overview of Basel Accords - Basel I, II and III

Module III-Creating Compliance Culture and the Benefits of Compliance

  • Corporate Governance and Compliance
  • Creating an effective compliance environment
  • The role of training in developing the right culture
  • Developing a compliance training strategy
  • Ethics and culture
  • Corporate Social Responsibility (CSR) and Compliance

Module IV - The Role of the Compliance Officer

  • Compliance structure
  • The role of the Compliance Officer
  • Key compliance activities and processes
  • Internal and external relationships
  • Qualities required of compliance professionals

Module V - Managing the Risk of Money Laundering and Financing of Terrorism

  • Money Laundering
  • Terrorist Financing
  • Money Laundering vulnerabilities of particular services and products
  • Understanding money laundering offences
  • Designing an effective internal reporting system
  • The risk-based approach to money laundering and terrorist financing
  • Understanding the importance of KYC in AML efforts
  • Financial Intelligent Unit (FIU) at CBSL
  • Relevant Laws in Sri Lanka
  • The objectives of proper staff training in AML

Module VI - Managing the Financial Crime - Market Abuse, Insider Dealing and Fraud Prevention

  • Introducing to market abuse
  • Insider Dealing
  • Introduction to Fraud
  • Fraud Typologies
  • Preventing Fraud
  • The compliance role in combating Fraud
  • False Accounting
  • Identity Theft
  • Bribery and Corruption

Payments for IBSL Class Fees

Bank
Bank of Ceylon 74728257
People's Bank 309 1004 5 2536729
Commercial Bank of Ceylon PLC 1108650201
Hatton National Bank PLC 115010128234
Sampath Bank PLC 002960000652
National Savings Bank 10912 01 01192

+94 11 2425777