Raco’s Masterclasses

Masterclass Training (for Compliance Officers)

Regulation & Compliance Office now offers Masterclass Training, which has been developed especially for Compliance Officers. RACO’s Masterclasses provide a closer look at the details behind compliance to achieve a detailed understanding in the minds of each officer.

Regulation & Compliance Office’s Masterclass Training consists of:

Money Laundering Reporting Officer (MLRO) & Nominated Officers:

• An overview of the Regulations and their application
• The MLRO’s responsibilities
• The Nominated Officer’s responsibilities
• What Policies, Controls and Procedures must contain
• The AML Regulations: behind the key regulations
• Regulation 18 Risk Assessments (what must be included & how to perform them)
• KYC & AML Checks
• Enhanced Due Diligence
• High Risk – Red Flags
• Source of Funds & Source of Wealth
• Staff Requirements & Interaction
• Registers: recording, Internal Reporting & Investigations
• External Reports

Training Goals:

• A detailed understanding of the application of the AML Regulations
• A detailed understanding of the MLRO and Nominated Officer’s role
• A detailed understanding of how to be an effective Nominated Officer/MLRO (and how to protect yourself, staff, clients and the business as a whole).
• A detailed understanding of how to comply with the requirements of the Regulations and other legislation

GPPR & Data Protection:

• Regulations overview
• The interaction between GDPR & DPA
• The Data Compliance Officer’s responsibilities
• The Regulations: definitions & key elements
• Policies, Controls and Procedures & what they must contain:
• Internal
• External
• Managing Data
• Managing Sensitive Data
• Subject Access Requests:
• Customers
• Staff
• Registers: Recording, Internal Reporting and Investigations
• Data Sharing
• Data Retention
• External Reports

Training Goals:

• A detailed understanding of the regulations and how to apply them
• A detailed understanding of the Data Compliance Officer’s role
• A detailed understanding of how to be an effective Data Compliance Officer by protecting yourself, staff, clients and the business as a whole
• A detailed understanding of how to comply with Regulation requirements and other legislation

Masterclass training begins at £1500 per training session. There is no limit on the number of delegates.

To further enquire about how Regulation & Compliance Office can work with your business, call us on 0203 985 8550 or email us at info@regulationandcomplianceoffice.co.uk