Duration: 3 days – 21 hrs
Overview
This comprehensive training course is designed to provide banking professionals in the Philippines with the knowledge and tools to navigate the evolving regulatory landscape while managing risks in their banking operations. The course focuses on the latest compliance requirements, anti-money laundering (AML) regulations, and risk management techniques critical to maintaining operational integrity and trust in the financial sector. Participants will learn practical strategies to ensure compliance with local laws, improve fraud detection, and enhance risk assessment frameworks, ensuring that their institutions meet the highest standards of governance and security.
Objectives
• Understand and apply the latest Philippine banking regulations and compliance requirements.
• Implement effective Anti-Money Laundering (AML) and Know Your Customer (KYC) processes.
• Conduct comprehensive risk assessments to identify and mitigate potential risks in banking operations.
• Strengthen strategies for fraud detection and prevention to safeguard financial institutions.
Audience
• Compliance Officers
• Risk Managers
• Internal Auditors
• Banking Operations Managers
• Legal Advisors
• Anti-Money Laundering (AML) Specialists
• Finance Professionals involved in regulatory compliance and risk management in the banking sector
Prerequisites
• Basic knowledge of banking operations or experience in the financial sector.
• Familiarity with compliance and risk management concepts is recommended but not required.
• Suitable for professionals in compliance, risk management, or banking roles seeking to enhance their expertise.
Course Content
Day 1: Regulatory Frameworks & Compliance Overview
• Introduction to the Philippine banking regulatory environment.
• Key regulatory bodies (e.g., Bangko Sentral ng Pilipinas – BSP, Securities and Exchange Commission – SEC).
• Overview of major regulations: Basel III, Data Privacy Act, and Consumer Protection.
• Compliance obligations and reporting requirements.
Day 2: Anti-Money Laundering (AML) and Know Your Customer (KYC)
• AML regulatory landscape: The Anti-Money Laundering Act (AMLA) in the Philippines.
• Implementing effective AML policies and internal controls.
• The importance of KYC in banking operations.
• Customer due diligence (CDD) processes and enhanced due diligence (EDD) for high-risk clients.
• Identifying and reporting suspicious transactions.
Day 3: Risk Assessment, Fraud Detection, and Prevention
• Introduction to risk management principles in banking.
• Tools and techniques for risk assessment and mitigation.
• Common types of banking fraud and vulnerabilities.
• Fraud detection mechanisms: Early warning systems, transaction monitoring.
• Best practices for fraud prevention and internal auditing.
