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Enhancing the Capabilities of Compliance Officers

Enhancing the Capabilities of Compliance Officers

Location: UAB Reginal Headquarters – Riyadh – Saudi Arabia

Date: February 21-24, 2024

Time: 9:00 AM till 3:00 PM


Compliance with laws, regulations, and standards is of paramount importance. Failure to adhere to these requirements can expose financial institutions to significant risks, including financial penalties, reputation damage, and legal liabilities. To mitigate these risks and ensure the integrity of the banking sector, it is crucial for financial institutions to grasp comprehensive understanding of the risks of non-compliance, promote best practices in compliance functions and supervisory frameworks, and highlight the responsibilities of compliance functions in combating financial crimes such as money laundering and terrorism financing.

By understanding the risks associated with non-compliance, participants become more vigilant and are motivated to adhere to regulatory requirements. They develop a deeper understanding of the potential impact of their actions on the financial institution, its clients, and the overall stability of the financial system of the country. This increased awareness fosters a culture of compliance throughout the institution.

This training course focuses on the risks of non-compliance in banks, best practices of compliance function, understanding legislative and supervisory frameworks, combatting financial crimes, and implementing targeted financial sanctions. Participants will gain deep awareness of the best practices for establishing and maintaining an effective compliance function, understand the regulatory landscape, and enhance their understanding of their responsibilities in preventing financial crimes.

Enhancing the Capabilities of Compliance Officers
UAB Reginal Headquarters – Riyadh – Saudi Arabia – 21-24 January 2024

This program is set to be a comprehensive course that focuses on general and intrinsic concepts related to compliance and its functions. The program also includes a number of practical aspects in order to achieve the utmost benefit for the participants.


1. Basics of Compliance Function
2. Policies and Responsibilities of Compliance Function
3. The relation between Compliance Department and other Departments
4. Code of Conduct and Work Ethics at FIs, and the related role of the Compliance Function
5. Legislative and Regulatory framework, and Compliance Systems at Banking and non-banking FIs
6. Organizational Governance and related Supervisory Environment
7. The role of FIs in combatting Money Laundering and Terrorism Financing
8. Customer Due Diligence
9. Targeted Financial Sanctions
10. Suspicious Transaction Reporting

Objective of the Course

By the end of the course, the attendees will:
1. Have a full understanding of main and major concepts of compliance.
2. Have awareness of required elements related to good compliance function performance.
3. Have awareness of the legislative and supervisory frameworks related to compliance function.
4. Have awareness of the main responsibilities of the compliance function
5. Have awareness of the role of a compliance officer, and the responsibility of FIs in combatting financial crimes, including money laundering and terrorism financing.
6. Have studied CDD, EDD, and the related role of compliance officers.
7. Have awareness of the main principles of governance, and their relation to compliance function.
8. Presentation of the Arab Banking Legislation Platform of the Union of Arab Banks