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The emerging compliance exposures highlight the potential risks and weakness in the financial industry that precipitates from the advancement of technology and greater access to international banking facilities. This course provides the key considerations to these emerging compliance risks that have developed over the recent years and prepares the financial professionals the awareness and challenges that needs to be addressed.

Target Audience

Assistant Relationship Managers & Relationship Managers in Private Banking

Recommended for: Private Banking & Wealth Management

Course Objectives

  • Identify and assess the key compliance exposures in financial industry.
  • Understand the minefields of digitalisation for financial professionals and customers.
  • Be aware of and handle the risks of financial intrusions to financial systems and customers.
  • Understand the cross-border challenges of compliance.
  • Be aware of the scope of cybersecurity and the technological challenges to maintain its integrity by financial professionals.
  • Gain insights into the implications of Generative AI on compliance and risk management.
  • Understand the fundamentals of Cryptocurrency and its regulatory challenges.
  • Recognise the impact of Cybercrime on the financial sector and strategies for prevention.
  • Identify and assess various Frauds and Scams affecting financial institutions and their clients.
  • Comprehend the risks and regulations surrounding Money Laundering in the financial industry.

Course Outline

Compliance Exposure Management

  • Identify key compliance exposures in the financial industry.
  • Manage compliance exposures.
  • Be aware of how these exposures might develop and change in due course.

Digitalisation and Banking

  • Challenges of adopting new banking behaviour.
  • Concerns on compromise and compliance.
  • Issues with cross-border compliance.

Technology Reliance

  • Emerging trends associated with financial professionals in technology.
  • Risks associated with replying to technology.
  • Approach to key technology maintenance.

Generative AI

  • Overview of Generative AI technologies.
  • Implications for compliance and risk management in finance.

Cryptocurrency

  • Introduction to Cryptocurrency and its functionalities.
  • Regulatory challenges and compliance issues associated with Cryptocurrency.

Frauds and Scams

  • Identify common types of financial frauds and scams.
  • Strategies for detection and prevention of fraud.

Financial Crimes

  • Exposures to financial crime.
  • A case study for consideration.
  • Approach to combat financial crimes.
  • Overview of emerging money laundering processes and techniques.