Implementing AML Requirements for your Business

Compliance Ireland is hosting a Half Day Seminar

Friday 10th March 2017

Compliance Ireland would like to invite you to a practical half-day Seminar designed to provide you and your organisation with the tools required to ensure that you are compliant with the required areas of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended.

The Seminar has been specifically designed to cover the requirements that impact on Property Services Providers and in particular Estate Agents and Auctioneers. The forthcoming changes to Irish legislation as a result of the 4th EU AML Directive will also be addressed. This seminar will assist in meeting the annual statutory requirement for staff to undergo AML training.

This seminar will be taking place on the 10th March 2017 in the Gibson Hotel, Dublin. The cost is €75 per person attending and will cover the following topics:

Please Click HERE for further informaiton and how to book.

 

 

Previous Events


AML in Practice Seminar 2016

Compliance Ireland is hosting a Morning Seminar

Friday 2nd December 2016

BOOKING CLOSED

Late 2016 has been another watershed moment for AML in Ireland. In the space of 1 month we have had:

  • the publication of Ireland's National AML Risk Assessment ibn preparation for next year's implementation of the 4th EU AML Directive;
  • FATF commencement of Ireland's Mutual Evaluation Report; and
  • the publication of the Central Bank of Ireland's largest AML settlement agreement - €3.325 million with Ulster Bank

Because of this, Compliance Ireland are delighted to announce this topical AML seminar with Key Note Speaker Ms. Derville Rowland, Director of Enforcement with the Central Bank of Ireland.

This promises to be an engaging seminar with practical tips on how to appropriately construct an AML framework, engage Directors and Senior Management on AML Risks as well as guidance on appropriate stratified training for all employees in your entity. There will also be a Q&A session with the panel on AML Challenges and concerns that you may have.

Please Click HERE for further informaiton and how to book.

 

Data Protection & New Regulations for Credit Unions

2 x 2 hour Seminars Hosted By Compliance Ireland 

Friday 8th April 2016 - Hodson Bay Hotel, Athlone
Friday 15th April - Rochestown Park Hotel, Cork

Seminar 1: Data Protection for your Credit Union

Course Summary:

Despite the absence of updated legislation in this area since 2003, Data Protection remains an ongoing concern for Credit Unions. In her 2014 Report, published in June 2015, the Data Protection Commissioner highlighted a number of areas where her office had to take legal action for Data Protection breaches. The report also identified an immediate priority of expanding and building ‘the capacity and capability of the data-protection authority in Ireland through procuring additional resources and recruiting additional staff’. Having received an extra €1.2m in funding in October there is no doubt that the DPC’s office has the capacity for greater oversight of Data Protection issues in Ireland.

This practical 2 hour seminar is designed to provide you and your Credit Union with the tools required to ensure that you are and remain compliant with the 8 Data Protection Principles under the Data Protection Acts 1988-2003. The content has a practical focus particularly on how to assess your Credit Union’s data protection processes.

Seminar 2:  Implementing the new Credit Union Regulations

Course Summary:

The purpose of this course is to provide Credit Union CEO’s, Compliance and Risk Officers and Boards of Directors with the tools required to practically implement the new prudential and governance requirements of the Credit Union Act 1997 (Regulatory Requirements) Regulations 2015.

The aim is to outline the impact of the requirements and to provide an action plan to educate staff, Boards and members as well as a road map of what is required to demonstrate to compliance both internally and externally.

Please Click HERE for further informaiton and how to book.

 

AML Emerging Issues and How They Will Affect You

Compliance Ireland is hosting a Morning Seminar

Friday 4th December 2015

Compliance Ireland is delighted to host this topical and functional AML Seminar that will deal with emerging AML issues and how they will affect Designated Persons in Ireland. It will be both informative and functional and is aimed at providing participants with the appropriate tools to inform Directors, Senior Management and Compliance Staff of the expected changes and emerging AML Risks.

 

 

Implementing Central Bank AML Guidance for your Credit Union

a half day Workshop

Friday 24th July 2015 - Radisson Blu Hotel, Athlone
Friday 31st July 2015 - Rochestown Park Hotel, Cork

Course Summary:

It is obvious that AML is a hot topic for Credit Unions. Anti-money Laundering is an enforcement priority for the Central Bank of Ireland in 2015. We have just witnessed the biggest ever enforcement action for breaches of Anti-Money Laundering Legislation, with a €1.75 million fine against Western Union Payment Services Ireland Limited. The Central Bank has also published a report on Anti-Money Laundering/ Countering the Financing of Terrorism and Financing of Terrorism and Financial Sanctions Compliance in the Irish Credit Union Sector.

This practical half-day workshop will provide you and your Credit Union with the tools required to ensure that you are compliant with the required areas of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended.

 

 

Preparing for Change under the Companies Act 2014

Guidance for Regulated Entities 

a morning Seminar on Friday 15th May 2015

2015 marks a major shift in how companies will form and operate in Ireland.

The provisions of the Companies Act 2014 are due to take effect on 1st June 2015 and while the Act consolidates the large volume of legislation and caselaw that went before, it also introduces a fundamental change to the forms that Irish companies may take.

Every Irish company now has to decide on its own new legal form going forward and to do so before the expiry of the fixed transitional period. The Act focuses heavily on the Private Company Limited by Shares where the primary choice to be made now is between the new LTD Company and the Designated Activity Company (DAC). The Act will also provide for PLC's, Guarantee Companies, Unlimited Companies and Investment Companies.

This 2 hour seminar will aim to assist regulated entities in making the decision on a new legal form by giving practical guidance on the steps to be taken during the transitional period to ensure continuity and avoid any unnecessary re-registration or indeed re-establishment. It will explore the differences between the legal forms, the legal necessity for some firms to re-register as a DAC and the potential for this requirement to extend to all regulated entities.

 Please click HERE to book and for further information 

AML in Practice: Implementation of Current Legislation and Guidance for 2015 and Beyond

a morning seminar on Monday 20th April 2015

2014 was a relatively quiet year from an AML/CFT point of view. The Central Bank of Ireland did not publish any enforcement action and the FCA only published one.

However, while it may have been publicly quiet, the Central Bank completed their thematic inspections to determine if firms had followed their recommendations as set out in the infamous October 2012 ‘Dear CEO’ letter.

2015 has started with a bang, with the Central bank publishing their report on Anti-Money laundering/Countering the Financing of Terrorism and Financial Sanctions in the Irish Banking Sector. This report is based on on-site inspections carried out by the Central Bank over the course of 2013 and 2014 and supplemented by Risk Evaluation Questionnaires completed by Retail and Wholesale banks and submitted to the Central bank for assessment.

Although, the report is written predominantly for the Banking sector, the Central bank expects all financial and credit institutions to carefully consider the issues raised in the report, and to use the report to inform the development of AML/CFT and Financial Sanctions frameworks.

 

 Compliance and Risk Seminar for Credit Unions

Compliance Ireland Invite you to the Rochestown Park Hotel, Rochestown Road, Douglas, Co Cork

Due to unforseen circumstances this event date has been changed to the 27th March 2015

The Credit Union Act 1997, as amended requires Credit Unions to prepare and submit an Annual Compliance Statement to the Central Bank within two months of the financial year end. In order to facilitate the preparation of this Compliance Statement, Compliance Ireland has designed and tailored two half day courses for Credit Union Managers, Compliance Officers and Risk Officers which will look at Compliance and Risk for Credit Unions.

 

Compliance Ireland invites you to Central Bank Enforcement Seminar
with special guest speaker Ms. Derville Rowland,
Director of Enforcement at the Central Bank of Ireland

 

The theme of Ms. Rowland’s presentation will be ‘Enforcement at the Central bank of Ireland’ and will consider the following areas:

 

  • Work of the Enforcement division
  • Priorities of the Enforcement Directorate
  • Areas of concern of the Enforcement division
  • Impact of the Supervision and Enforcement Act 2013 for regulated entities.

Joseph Shannon (Click here for CV), Head Regulatory Trainer and Compliance consultant for Compliance Ireland will also speak at the event, with an emphasis on Enforcement from a regulatory consultant’s point of view. He will look at key enforcement actions, areas of concern for regulated entities and possible areas of improvement.

 

Compliance and Risk Seminar for Credit Unions

Compliance Ireland Invite you to the Hodson Bay Hotel, Athlone on 11th November 2014

The Credit Union Act 1997, as amended requires Credit Unions to prepare and submit an Annual Compliance Statement to the Central Bank within two months of the financial year end. In order to facilitate the preparation of this Compliance Statement, Compliance Ireland has designed and tailored two half day courses for Credit Union Managers, Compliance Officers and Risk Officers which will look at Compliance and Risk for Credit Unions.

Compliance Seminar

9.30 am - 12.45 pm

This course will review the following areas:

•  Compliance Policy
•  Annual Compliance Programme
•  Review of Annual Compliance Programme by Boards of Directors
•  Fitness and Probity requirements of Credit Unions
•  Responsibilities of the Compliance Officer

Template documentation for this course will be provided to all participants in order for them to demonstrate with their Central Bank requirements. This documentation will include a compliance policy, annual compliance programme, Fitness and Probity Policy for Board of Directors and Compliance checklist for review by Board of Directors.

Risk Seminar

1.30 pm - 5.15 pm

The course will review the following areas:
•  Risk Management Policy
•  Risk Management Process including identification and assessment of key risks
•  Preparation and review of a key risk register including a risk appetite statement and risk controls
•  Risk systems and Controls
•  Review of Risk Management system by Board of Directors

Template documentation for this course will be provided to all participants in order for them to demonstrate their Central Bank requirements. This documentation will include a risk management policy, risk appetite statement, risk register and Risk checklist for review by Board of Directors.

This seminar will be presented by Joseph Shannon.

 

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