BPP Jersey Certificate in Regulatory Awareness – Enforcement, the law and the JFSC
Comments Off on BPP Jersey Certificate in Regulatory Awareness – Enforcement, the law and the JFSC
Tuesday November 27, 2012 – Tuesday November 27, 2012
Description:
BPP Professional Education:
BPP Professional Education is part of the Apollo Group – a world leader in the provision of both professional examination and skills training to the financial and corporate sectors, specialising in open and tailored programmes.
BPP Professional Education is uniquely placed to provide business development support to Jersey businesses. We have over fifteen years experience providing training, business development and consultancy services to Jersey organisations. We also have wider experiences and capabilities as a result of our international activities and the experience of our consultants and trainers. Whilst we have the breadth of capability that comes from an international client base, we have never lost our Jersey centric commitment. The transfer of experience and knowledge into our Jersey operation has always been one of our primary purposes. It is in fact one of the essential under pinning components of our mission statement.
“The mission of BPP Professional Education is to help people and businesses build their skills. We train for recognised professional qualifications and offer related development training to management and staff at all levels”.
Comsure:
COMSURE’s Training services (public and in house) is designed for people working in both the financial services sector and non-financial organisations.
Comsure provides in-depth training on financial and associated concepts and provides tools that can be used in the workplace every day. Technical concepts are clearly articulated and practical examples help learners grasp the subject.
Our training courses are designed for both financial and non-financial staff of all levels to help them perform more effectively in their jobs.
Excellence in Financial Services Training –
With an increased number of training providers in the market place, we understand that choosing the right one for your specific needs can be difficult and daunting. What sets us apart from the rest is that rather than utilise a small number of in-house trainers we utilise specialist from different fields of expertise.
Our Commitment to You – COMSURE’s Financial Services Training, we stand for uncompromising professionalism, quality and innovation. Our aim is to empower our delegates (and ultimately our clients) to succeed by developing their existing knowledge and skills base in their professional career.
One Programme, Two Solutions.
Whether you want to top up your CPD by attending individual sessions or gain certification, we can assist. BPP Professional Education in conjunction with Comsure Compliance Limited has developed the:
Jersey Regulatory Awareness programme
Attend individual sessions
or
Attend all 8 sessions, a 9th refresher session and complete a short exam to gain the:
BPP Jersey Certificate in Regulatory Awareness
demonstrating your understanding of the key elements and drivers behind the regulatory framework in Jersey.
Course List & Outlines
Understanding the Jersey regulatory environment – an overview / 13th March / 4:30 – 6:30 / £125
2 hours
- Introduction to compliance and designing a compliance framework
- Know your way round the JFSC
- Understand the JFSC structure
- Laws, codes, and other rules and overview
- JFSC communications
- Understanding JFSC visits and the risk based approach
- What to keep an eye out for – what is coming up?
Considering Policy Statements and Guidance Notes and other regulatory tools / 24th April / 4:30- 6:30 / £125 / 2 hours
This session will consider Policy Statements (PS) which records the Commission’s policies in respect of certain aspects of legislation or regulatory approach and Guidance Notes (GN) that provide guidance on complying with either a legislative or regulatory requirement. specifically it will look at:
- FS(J)L Licensing Policy – December 2010
- Outsourcing (across all sectors) and Delegation by Jersey Certified Funds and FSBs – May 2011
Understanding the nature of principle based regulation in Jersey and the application of the codes of practice: 22nd May / 4:30- 6:30 / £125 / 2 hours
- An overview of principles, rules and expectations. A review of the key principles such as:
- Conducting business with integrity.
- Having the highest regard for the interests of its clients.
- Organising and controlling affairs effectively for the proper performance of business activities
- Being able to demonstrate the existence of adequate risk management systems.
- Being transparent in its business arrangements.
- Maintaining, and being able to demonstrate the existence of, both adequate financial resources and adequate insurance.
- Dealing with the Commission and other authorities in Jersey in an open and co-operative manner.
- Avoiding statements that are misleading, false or deceptive.
Anti money laundering and combating terrorist financing an overview / 11th Sep / 4:30- 6:30 / £125 / 2 hours
- The AML environment – international developments, laws and orders and FSC rules
- AML Policies and procedures – what is the difference and why they are important
- Probability of an offence crystallising – using leading case studies
- Risk of not reporting – using real case studies
- Understanding what ML & TF is – demystifying the myths!!
- Government and other Sanction risk (e.g. HMT, EU, OFAC etc.)
- Understanding the difference between KYC – ID&V – CDD
- Profiling customers – what does it mean, what you need to do
- Building and using trigger events
- Summary and key messages
The AML handbook / 9th Oct / 4:30- 6:30 / £125 / 2 hours
- Corporate governance
- Customer due diligence requirements
- Identification and verification of identity
- Monitoring activity and transactions
- Reporting money laundering and terrorist financing activity
- Vetting, awareness and training of employees
- Record keeping
- Existing Customers
Compliance and governance in a Jersey regulated business / 6th Nov / 4:30- 6:30 / £125 / 2 hours
- An overview of the JFSC the JFSCs expectations
- Span of control
- The board and senior management – what should they be doing?
- Considering the functions of the CO, MLCO, MLRO
- Internal systems and controls
- Integrity and competence including Continuing Professional Development (CPD)
- Complaints
- Record Keeping
Enforcement, the law and the JFSC / 27th Nov / 4:30- 6:30 / £125 / 2 hours
- An overview of the process
- Supervision to enforcement
- Consideration of cases
Jersey Financial Services Commission comments and observations. / 15th Jan / 4:30- 6:30 / £125 / 2 hours
- Onsite visit reports
- Mystery shopping findings
- Dear CEO letters
- Post examination mediation schedules [PEMS]
- BPP Jersey Certificate in Regulatory Awareness
Revision Session / 22nd Jan / 4:30- 6:30 / FREE / 2 hours + 10 hours exam preparation time.
- Refresher session covering the main points from the above 8 sessions
Exam Session / 31st Jan / 4:30- 6:30 / FREE / 2 hours
- Complete a short examination to obtain the Jersey Certificate in Regulatory Awareness
Meet the Lead Presenter
Mathew Beale FCSI AIFP,
Managing Director Comsure Compliance Limited
Mathew, a Fellow of the Chartered Institute for Securities & Investment and founder of Comsure. Having started his career working within the asset management industry for ten years, Mathew has since focused on financial services regulation. Between 1995 and 2002, he worked for the body that is now known as the Jersey Financial Services Commission, where he was responsible for the day-to- day conduct of business of regulated entities and where he reached the position of Senior Compliance Manager. Since 2002, he has worked within private practice in all aspects of regulatory compliance including:
- Assisting in the undertaking a number of reporting professional projects for the Jersey Financial Services Commission;
- Being involved in the preparation of the anti-money laundering guidance notes in Mauritius;
- Writing and delivering numerous training courses relating to the field of compliance for private and public bodies.
- Being a senior lecturer on the International Compliance Association’s (ICA) Introductory Certificate in Compliance, the International (and UK) Diploma in Compliance and the UK Diploma in Anti-Money Laundering. During this time he was an acknowledged co-author of the materials used by the ICA in their UK and International Diplomas in Compliance.
Since 2005, he has worked within Comsure in all aspects of regulatory compliance, including:
- Attending at various financial services businesses with a view to assisting them in their internal audit processes;
- Developing rectification programmes for entities which had come under regulatory review;
- Working in Mauritius on specialised assignments and since 2009 assisted the regulator in the Seychelles in delivering specialised training.
Venue and Further Course Details
How to find us
From West Centre take Peter Street alongside Atlantique Seafood Restaurant, and take first turning on right into Hilary Street.We are the second building on the left.
Via Airport
From Airport when reaching roundabout, continue straight on until you reach a filter in turn. Take the right turning and continue along Beaumont Hill. You will then reach another filter in turn at the bottom of the hill, take the left hand side turning and continue along Victoria Avenue going under the underpass and passing through the tunnel. Take the first left after the tunnel (Grenville Street) and then then the first right at the traffic lights. Turn left into James Street and then take the first turning on the left (by the Mayfair Hotel) and take the second turning on the left. Continue across the road and you are at Hilary Street.
Loyalty Discounts
Anyone attending all 8 sessions can receive the 9th refresher session free.
Organisations booking 8 or more people onto a session can receive one of these places free.
Amendments and Cancellations
If you need to make any amendments you can do so by email: ianlucas@bpp.com
BPP will accept name changed at any point up to the start of the course free of charge.
If it becomes necessary to cancel a course delegate the following policy will apply. Cancellations 28 days or more in advance: No charge / full refund Cancellations 28-7 days in advance: 50% charge Cancellations less than 7 days in advance: no refund
Change of date, tutor or venue
BPP reserves the right to change course dates, venues and tutors or cancel in exceptional circumstances.We will of course advise you of any charges as early as possible.
International Anti-Money Laundering: Jersey True Grit!
Comments Off on International Anti-Money Laundering: Jersey True Grit!
Tuesday November 6, 2012 – Tuesday November 6, 2012
Description:
Do you have the latest knowledge in AML and counter-terrorist financing?Join us at our new professional development course focusing on international anti-money laundering (AML). This one-day course, held in conjunction with Syntax and Z/Yen, is the first of its kind – integrating face to face trainer time, with small training groups and an interactive e-learning tool available both before and during the course.
Delegates are asked to bring their Wi-Fi enabled laptops to allow them to participate in some internet work
TARGET AUDIENCE
This one day workshop is designed for those charged with ASSESSING their firms business AML risk, devising its business STRATEGIES and MANAGING the systems and controls on a day to day basis. These people will include Directors, NEDs, MLCOs, MLROs, COs and even the IT development team. The workshop will also be of interest to the 3rd party’s who are charged with overseeing and/or developing AML control systems for current and future risks.
COURSE DIRECTORS
Professor Michael Mainelli, Chartered FCSI, Z/Yen
Educated at Harvard, Trinity College Dublin and the London School of Economics, Michael was a Director of the UK Ministry of Defence’s Defence Evaluation and Research Agency where he commercialised numerous anti-fraud technologies including DNA marking, statistical surveillance systems and more.
He co-founded Z/Yen in order to promote societal advance through better finance and technology where his projects include the development of automated surveillance and compliance tools. Co-author of the City of London Corporation’s 2005 report “Anti-Money Laundering Requirements: Costs, Benefits and Perceptions”, Michael is also Professor Emeritus, Fellow and Trustee at Gresham College.
Dr Dionysios S. Demetis, Syntax IT
With a PhD on AML from the London School of Economics, Dionysios is currently the Head of the AML/CTF Group at Syntax IT Inc, as well as an Adjunct Professor at the Thomas Jefferson School of Law where he lectures on AML, the US BSA/AML Act, International Compliance, and Methodology.
He has researched extensively on these topics for nearly a decade assisting financial institutions in achieving substantially better True Positive Rates (TPRs) in the automated modelling of ML behaviour. His research on the risk-based approach has been featured in the select-bibliography of the United Nations IMOLIN network and he is author of ‘Technology and Anti-Money Laundering’. Dionysios is a Research Fellow and Member of the Scientific Board of the Geolab Institute of the Ionian University in Corfu.
COURSE BREAKDOWN
09:00
REGISTRATION
09:20
WELCOME
Professor Michael Mainelli, Chartered FCSI, Chairman Z/YEN Group
09:30
AN ADVANCED ANALYsIs oF AML/CTF DYNAMICs
- AML/CTF evolutions and key challenges
- Monitoring suspicious ML behaviour through technology
- Profiling money laundering suspicions and considering Risk-Based integration methodologies
- Typologies analysis across sectors
- Best practice guidelines
In this session, the latest evolutions and key challenges of the anti-money laundering and counter-terrorist financing domains will be examined. Techniques for the technology based monitoring of money laundering suspicious behaviour will be reviewed, and key profiling challenges for financial institutions will be analysed. An overview of the most important typologies affecting AML/CTF will be provided across different sectors, and best- practice guidelines will be discussed that enable the sound management and consideration of AML functions. Dr Dionysios Demetis, Head of AML/CTF at SYNTAX IT Inc.
11:00
COFFEE
11:15
THE GLOBAL WORLD OF AML – FOLLOW THE MONEY • What Is ML in the offshore world?
- What isn’t ML in the offshore world?
- What might be ML in the global picture?
- Cost/benefit analysis applied to AML
- Dynamics among key players – governments, OECD, tax authorities, NGOs
- Future scenarios and AML – government regulation, multilateral deals, self-regulation, standards markets
Drawing upon market research, experience in running the Global Financial Centres Index and involvement in international standards, this session will provide a broad perspective of AML. The objective of this session is to provide participants with the background to make their own assessment of future AML regulations. Professor Michael Mainelli, Chartered FCSI, Chairman Z/YEN Group
12:15
MONITORING GEOGRAPHIC RISK FOR AML/CTF
- The importance of geographic risk for AML/CTF
- Synthesizing elements for ML risk from corruption, bribery, etc.
- Reviewing different geographic related AML lists (NCCT, INCSR, OFCs, etc)
- Jurisdiction risk identification methodologies
While the importance of geographic locations for AML compliance is paramount, it remains difficult to both integrate and synthesize it on the basis of information that is available for AML-risk scoring techniques. As the identification and measurement of risk for Anti-Money Laundering has four essential pillars (products, services, customers, geographic locations), the consideration of geography for AML risk is extremely useful in the application of policies, procedures, systems, and controls. This session will review the geographic-related aspects to monitoring AML/CTF risk.
13:15
LUNCH (delegates will be free to make their own arrangement for lunch)
14:00
EMERGING TECHNOLOGY AND PROCESS INNOVATION IN AML
- Disparate AML systems and current performance
- New statistical techniques
- Related linguistic techniques
- Dynamic anomaly & pattern response approaches • Novel suppliers
Current AML technology is poor, typically providing an uneconomic number of false positives. However, the increasing importance of compliance as a cost driver is forcing financial services firms to reconsider their compliance architectures. Some of the new architectures are based around novel techniques, others around novel uses of traditional techniques from other disciplines, still others from novel suppliers, e.g. Google. The objective of this session is to provide participants with a broader technology horizon upon which to base their infrastructure decisions. Professor Michael Mainelli, Chartered FCSI, Chairman Z/YEN Group
15:15
COFFEE
15:30
E-LEARNING CONSOLIDATED TYPOLOGIES COURSE
Provided by SYNTAX – Every participant will be provided with credentials with which access will be granted to the SYNTAX e-Learning platform. An estimated 1h will be required to complete the e-Training material, which will include real money laundering cases and typologies, as well as an online assessment.
16:30
CLOSE
Upon completion, a certificate of attendance will be awarded by CISI. Attendees that successfully complete the online assessment will also receive a certificate from SYNTAX & Z/YEN.
PLEASE NOTE:
Teas and coffees will be supplied through the breaks with accompanying biscuits and pastries at appropriate times. Please note Lunch will not be offered and delegates will be free to make their own arrangement for lunch.
KEY LEARNING OBJECTIVES
- Delve into the dynamics of AML and counter-terrorist financing, their latest evolutions and typologies and the current challenges and monitoring difficulties for identification
- Investigate profiling and risk-based scoring of suspicious transactions
- Understand the importance of geographic risk for AML and counter-terrorist financing and review the key geographic-based elements that are important in the process of designating money laundering risk
- Learn lessons from Financial Action Task Force (FATF)-blacklisting processes, SARs-analysis for the riskscoring of high intensity financial crime areas, and more
- Review typologies on e-learning: suspicious data on customer identification, funds transfers, inconsistent business activities, transacting, economic profiles, money laundering through real estate and new payment methods, offshore companies, etc.
This course is being held in conjunction with:
Syntax provides to its customers Advisory, Implementation, Professional, Outsourced and Managed Services, transferring vast knowledge and enabling the utilisation of innovative technologies that differentiate its customers in the market, reduce operational costs, get competitive advantage and increase business effectiveness.
Z/Yen is the City of London’s leading commercial think tank promoting societal advance through better finance and technology. Z/Yen applies its Z/EALOUS risk/reward methodology and performs benchmarking & performance analysis, strategic planning, market intelligence & surveys, risk management and change management as well as other special projects.
BPP Jersey Certificate in Regulatory Awareness – Compliance and governance in a Jersey regulated bus
Tuesday November 6, 2012 – Tuesday November 6, 2012
Description:
BPP Professional Education:
BPP Professional Education is part of the Apollo Group – a world leader in the provision of both professional examination and skills training to the financial and corporate sectors, specialising in open and tailored programmes.
BPP Professional Education is uniquely placed to provide business development support to Jersey businesses. We have over fifteen years experience providing training, business development and consultancy services to Jersey organisations. We also have wider experiences and capabilities as a result of our international activities and the experience of our consultants and trainers. Whilst we have the breadth of capability that comes from an international client base, we have never lost our Jersey centric commitment. The transfer of experience and knowledge into our Jersey operation has always been one of our primary purposes. It is in fact one of the essential under pinning components of our mission statement.
“The mission of BPP Professional Education is to help people and businesses build their skills. We train for recognised professional qualifications and offer related development training to management and staff at all levels”.
Comsure:
COMSURE’s Training services (public and in house) is designed for people working in both the financial services sector and non-financial organisations.
Comsure provides in-depth training on financial and associated concepts and provides tools that can be used in the workplace every day. Technical concepts are clearly articulated and practical examples help learners grasp the subject.
Our training courses are designed for both financial and non-financial staff of all levels to help them perform more effectively in their jobs.
Excellence in Financial Services Training –
With an increased number of training providers in the market place, we understand that choosing the right one for your specific needs can be difficult and daunting. What sets us apart from the rest is that rather than utilise a small number of in-house trainers we utilise specialist from different fields of expertise.
Our Commitment to You – COMSURE’s Financial Services Training, we stand for uncompromising professionalism, quality and innovation. Our aim is to empower our delegates (and ultimately our clients) to succeed by developing their existing knowledge and skills base in their professional career.
One Programme, Two Solutions.
Whether you want to top up your CPD by attending individual sessions or gain certification, we can assist. BPP Professional Education in conjunction with Comsure Compliance Limited has developed the:
Jersey Regulatory Awareness programme
Attend individual sessions
or
Attend all 8 sessions, a 9th refresher session and complete a short exam to gain the:
BPP Jersey Certificate in Regulatory Awareness
demonstrating your understanding of the key elements and drivers behind the regulatory framework in Jersey.
Course List & Outlines
Understanding the Jersey regulatory environment – an overview / 13th March / 4:30 – 6:30 / £125
2 hours
- Introduction to compliance and designing a compliance framework
- Know your way round the JFSC
- Understand the JFSC structure
- Laws, codes, and other rules and overview
- JFSC communications
- Understanding JFSC visits and the risk based approach
- What to keep an eye out for – what is coming up?
Considering Policy Statements and Guidance Notes and other regulatory tools / 24th April / 4:30- 6:30 / £125 / 2 hours
This session will consider Policy Statements (PS) which records the Commission’s policies in respect of certain aspects of legislation or regulatory approach and Guidance Notes (GN) that provide guidance on complying with either a legislative or regulatory requirement. specifically it will look at:
- FS(J)L Licensing Policy – December 2010
- Outsourcing (across all sectors) and Delegation by Jersey Certified Funds and FSBs – May 2011
Understanding the nature of principle based regulation in Jersey and the application of the codes of practice: 22nd May / 4:30- 6:30 / £125 / 2 hours
- An overview of principles, rules and expectations. A review of the key principles such as:
- Conducting business with integrity.
- Having the highest regard for the interests of its clients.
- Organising and controlling affairs effectively for the proper performance of business activities
- Being able to demonstrate the existence of adequate risk management systems.
- Being transparent in its business arrangements.
- Maintaining, and being able to demonstrate the existence of, both adequate financial resources and adequate insurance.
- Dealing with the Commission and other authorities in Jersey in an open and co-operative manner.
- Avoiding statements that are misleading, false or deceptive.
Anti money laundering and combating terrorist financing an overview / 11th Sep / 4:30- 6:30 / £125 / 2 hours
- The AML environment – international developments, laws and orders and FSC rules
- AML Policies and procedures – what is the difference and why they are important
- Probability of an offence crystallising – using leading case studies
- Risk of not reporting – using real case studies
- Understanding what ML & TF is – demystifying the myths!!
- Government and other Sanction risk (e.g. HMT, EU, OFAC etc.)
- Understanding the difference between KYC – ID&V – CDD
- Profiling customers – what does it mean, what you need to do
- Building and using trigger events
- Summary and key messages
The AML handbook / 9th Oct / 4:30- 6:30 / £125 / 2 hours
- Corporate governance
- Customer due diligence requirements
- Identification and verification of identity
- Monitoring activity and transactions
- Reporting money laundering and terrorist financing activity
- Vetting, awareness and training of employees
- Record keeping
- Existing Customers
Compliance and governance in a Jersey regulated business / 6th Nov / 4:30- 6:30 / £125 / 2 hours
- An overview of the JFSC the JFSCs expectations
- Span of control
- The board and senior management – what should they be doing?
- Considering the functions of the CO, MLCO, MLRO
- Internal systems and controls
- Integrity and competence including Continuing Professional Development (CPD)
- Complaints
- Record Keeping
Enforcement, the law and the JFSC / 27th Nov / 4:30- 6:30 / £125 / 2 hours
- An overview of the process
- Supervision to enforcement
- Consideration of cases
Jersey Financial Services Commission comments and observations. / 15th Jan / 4:30- 6:30 / £125 / 2 hours
- Onsite visit reports
- Mystery shopping findings
- Dear CEO letters
- Post examination mediation schedules [PEMS]
- BPP Jersey Certificate in Regulatory Awareness
Revision Session / 22nd Jan / 4:30- 6:30 / FREE / 2 hours + 10 hours exam preparation time.
- Refresher session covering the main points from the above 8 sessions
Exam Session / 31st Jan / 4:30- 6:30 / FREE / 2 hours
- Complete a short examination to obtain the Jersey Certificate in Regulatory Awareness
Meet the Lead Presenter
Mathew Beale FCSI AIFP,
Managing Director Comsure Compliance Limited
Mathew, a Fellow of the Chartered Institute for Securities & Investment and founder of Comsure. Having started his career working within the asset management industry for ten years, Mathew has since focused on financial services regulation. Between 1995 and 2002, he worked for the body that is now known as the Jersey Financial Services Commission, where he was responsible for the day-to- day conduct of business of regulated entities and where he reached the position of Senior Compliance Manager. Since 2002, he has worked within private practice in all aspects of regulatory compliance including:
- Assisting in the undertaking a number of reporting professional projects for the Jersey Financial Services Commission;
- Being involved in the preparation of the anti-money laundering guidance notes in Mauritius;
- Writing and delivering numerous training courses relating to the field of compliance for private and public bodies.
- Being a senior lecturer on the International Compliance Association’s (ICA) Introductory Certificate in Compliance, the International (and UK) Diploma in Compliance and the UK Diploma in Anti-Money Laundering. During this time he was an acknowledged co-author of the materials used by the ICA in their UK and International Diplomas in Compliance.
Since 2005, he has worked within Comsure in all aspects of regulatory compliance, including:
- Attending at various financial services businesses with a view to assisting them in their internal audit processes;
- Developing rectification programmes for entities which had come under regulatory review;
- Working in Mauritius on specialised assignments and since 2009 assisted the regulator in the Seychelles in delivering specialised training.
Venue and Further Course Details
How to find us
From West Centre take Peter Street alongside Atlantique Seafood Restaurant, and take first turning on right into Hilary Street.We are the second building on the left.
Via Airport
From Airport when reaching roundabout, continue straight on until you reach a filter in turn. Take the right turning and continue along Beaumont Hill. You will then reach another filter in turn at the bottom of the hill, take the left hand side turning and continue along Victoria Avenue going under the underpass and passing through the tunnel. Take the first left after the tunnel (Grenville Street) and then then the first right at the traffic lights. Turn left into James Street and then take the first turning on the left (by the Mayfair Hotel) and take the second turning on the left. Continue across the road and you are at Hilary Street.
Loyalty Discounts
Anyone attending all 8 sessions can receive the 9th refresher session free.
Organisations booking 8 or more people onto a session can receive one of these places free.
Amendments and Cancellations
If you need to make any amendments you can do so by email: ianlucas@bpp.com
BPP will accept name changed at any point up to the start of the course free of charge.
If it becomes necessary to cancel a course delegate the following policy will apply. Cancellations 28 days or more in advance: No charge / full refund Cancellations 28-7 days in advance: 50% charge Cancellations less than 7 days in advance: no refund
Change of date, tutor or venue
BPP reserves the right to change course dates, venues and tutors or cancel in exceptional circumstances.We will of course advise you of any charges as early as possible.