In recent times, there has been a phenomenal growth in financial services and activities. This growth has led to increased cross border activities, with enhanced global financial intermediation. Unfortunately, this development has been accompanied by a spate of transnationally-organized crimes, including Money Laundering and Terrorist Financing (ML/TF). Given the potential negative impact of AML/CFT infractions on the socioeconomic development of any economy, financial institutions are known to have significant roles to play in complying with these regulations and in developing appropriate mechanisms to tackle this menace, minimise negative impact, and restore confidence in the system. Also, best practice requires that financial institutions undergo periodic self-assessments of their compliance status to the AML/CFT regulations, in line with statutory guidelines and requirements, to bridge identified gaps, address inherent challenges, and avert likely consequences and sanctions. In furtherance to this and ensure compliance to statutory guidelines, organizations must understand these statutory requirements and upscale their institutional capacities to effectively and efficiently monitor and manage likely impact of non-compliance for a strong viable financial system, unsusceptible to internal and external threats.
With the cases of fraud experienced by businesses in recent times, increasingly placed organisations and their reputations at risk. Fraudsters continue to operate with more sophistication, which enable them to circumvent control procedures. Organisations must therefore, continuously evaluate and update their fraud preventive measures. This course seeks to inform executives on the intricacies of fraud, its identification and how to mitigate the risk of crystalizing.
The creation of exotic service delivery channels, the extension of bank franchises across national boundaries, as well as new requirements for meeting international financial audit and reporting standards. These developments have made it imperative for Bank Inspectors and Internal Auditors to continually upgrade their skills. This course provides insights on traditional and emerging issues in audit and internal control.
Cyber Security poses an increasing threat to Banks and Other Financial Institutions. An attack resulting in the loss of vital data can have a devastating effect on the firm's reputation. Beyond the immediate financial impact, the consequences of a data breach can extend from brand and reputation damage to loss of revenue, degraded consumer confidence, lower share prices and greater regulatory scrutiny costing significant amounts of time and money to repair. In addition, the interconnectedness of financial institutions leaves them vulnerable to disruption, threatening national security and the stability of the global financial system. This course presents the opportunity for participants to network and build partnerships with peer level professionals, while learning new ideas and strategies that they can replicate within their own nancial institution, to build a best practice culture.
In a dynamic business environment, the ability to accurately model and forecast volatile economic inputs, is a critical skill for business managers. The application of new techniques support analysis of financial data, predict revenues/cost, and assess risks. These models justify business decisions in the most time-efficient and effective manner.