Training Courses

Please see below the courses that we provide via either public courses, in-house delivery or e-learning modules. All content is tailored for the Irish market, for example Central Bank of Ireland implementation and interpretation.

If you would like to discuss custom training solutions (either online or in-person) please contact us and we will be happy to work with you regarding your requirements.


 




Anti-Money Laundering / Counter-Terrorist Financing (AML/CTF)

We are offering a full day in depth Anti-Money Laundering / Counter Terrorist Financing course. With this course, we aim to give you a full breakdown of the Irish AML/CTF and Financial Sanctions Regime. You will come away with the ability to understand the relevant concepts, put in place a robust AML/CTF framework and highlight the potential consequences of non-compliance.


Topics covered :
  • Legal and Regulatory Framework
  • Money Laundering and Terrorist Financing Concepts
  • Emerging Trends
  • Risk Management and Assessment
  • Operational Requirements as they relate to Customer Due Diligence
  • Ongoing Monitoring
  • Sanctions Screening
  • Training Requirements
  • Record Keeping
  • Suspicious Activity/Transaction Reporting
  • Enforcement
  • Future Developments

This module is suitable for all Staff and Management with AML/CTF responsibilities in obliged entities/designated persons including (but not limited to) :

  • Credit and financial institutions
  • Credit unions
  • Money lenders
  • Insurance undertakings and intermediaries
  • Fund managers and administrators
  • Trust or company service providers
  • Estate agents
  • Legal professionals


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Anti-Money Laundering (AML) Updates

The 4th EU AML Directive having been transposed into Irish Law in November 2018, we are now faced with transposing the 5 th EU AML Directive by January 2020 while agreement has already been reached on a 6th Directive.

It is important to stay updated on this ever-evolving area and with an expectation from competent authorities to undertake annual AML training our training course is updated for each delivery.


Our 2 hour Anti Money Laundering (AML) session includes:
  • Key changes with the Criminal Justice (ML&TF)(Amendment) Act 2018
  • Updates on the 5th and 6th AML Directives
  • Counter Terrorist Financing
  • Practical points for compliance

This module is suitable for most roles at firms which have AML obligations. It is recommended for -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • PCF Role Holders
  • Solicitors
  • Estate Agents
  • Risk management and other professionals


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Typical duration : 2 hours


Upcoming Sessions (click to book) :


Full Training Schedule

Full Day Data Protection (GDPR + practical concerns)

The General Data Protection Regulations became law on 25th May 2018, as did the Irish Data Protection Amendment Act 2018. Since then the Data Protection Commission has produced its first report highlighting significant increases in Data Breach notifications and Complaints. The French Data Protection Authority has also presented one to the first large fines post-GDPR by fining Google €50 million.

Our Full Day Data Protection course aims to provide an indepth look at the requirements and relevant updates. It includes:
  • The need for legislation?
  • The Law – What does GDPR entail?
    • Data Protection Principles
    • Rights of Data Subjects
    • Legal Basis for Processing
    • International Transfers
  • Key Practical Requirements
    • Record of Processing
    • Policies and Procedures
    • Technical organisational measures
    • Design and Default / Data Protection Impact Assessments
    • Relationships with Third parties
  • Personal Data Lifecycle
  • Case Studies
  • Enforcement

This module is suitable for most roles at most firms, whether data controllers or data processors, but particularly those roles which involve data protection obligations. It is recommended for the following -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • Principals
  • Risk management personnel
  • Others tasked with data protection roles


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Typical duration : Full Day


Upcoming Sessions (click to book) :


Full Training Schedule

Data Protection Essentials (2hr)

The General Data Protection Regulations (GDPR) became law on 25 th May 2018, as did the Irish Data Protection Amendment Act 2018. Since then the Data Protection Commission has produced its first report highlighting significant increases in Data Breach notifications and Complaints.

The French Data Protection Authority has also presented one to the first large fines post-GDPR by fining Google €50 million.


Our 2 hour Data Protection (GDPR) session aims to provide an overview of the requirements and relevant updates. It includes: 
  • Overview of GDPR
  • Updates on GDPR implementation
  • Practical points for Compliance
  • Relevant Case Studies

This module is suitable for most roles at firms which have AML obligations. It is recommended for -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • Principals
  • Solicitors
  • Risk management and other professionals


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Typical duration : 2 hours


Upcoming Sessions (click to book) :


Full Training Schedule

Ethics for Financial Services

Ethics is a broad topic in the general sense, and has become extremely topical in the financial services industry.


Our 1 hour Ethics session includes:  
  • What is Ethics?
  • Universal Ethical Principles
  • Case Studies – Good and Bad Examples
  • Central Bank of Ireland approach to Ethics:
    • Fitness and Probity
    • Whistleblowing

This module is primarily designed for Financial Services personnel to comply with Minimum Competency requirements but may suit others with an Ethics module requirement. It is recommended for -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • Principals
  • PCF Role Holders
  • Other professionals


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Typical duration : 1 hour


Upcoming Sessions (click to book) :


Full Training Schedule

Insurance Distribution Regulations (IDR)

The Insurance Distribution Regulations became law on 1 st October 2018. The regulations repealed the Insurance Mediation Regulations and transposed the Insurance Distribution Directive into Irish law.


Topics Covered:
  • Expanded definition of Insurance Distribution vs Insurance Mediation
  • Knowledge and Competency requirements for Insurance Distributors and interaction with the Minimum Competency Code and Regulations
  • New or amended procedures:
    • Requirement for Due Diligence process for Employees and the appointment of other Intermediaries
    • Premium Account control procedures
    • Complaints Handling procedures
    • Requirement for Remuneration Policy
  • Provision of Information:
    • Compliant Terms of Business
    • Statement of Demands and Needs
    • Insurance Product Information Document (IPID)
  • How the requirements relate to the Consumer Protection Code

This half day course is designed for Compliance Officers and individual Insurance Brokers to get to grips with the requirements of the Regulations.

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Typical duration : Half day


Upcoming Sessions (click to book) :


Full Training Schedule

Risk-Based Compliance

Risk Based compliance is a framework that ensures resources are spread proportionately relative to your compliance risk - the higher the risk, the greater the levels of monitoring and action.

For regulated entities in Ireland it is a fundamental Central Bank expectation.


Our half day workshop provides Compliance Officers in particular with the tools to enable you to implement a risk based approach in your firm and includes:
  • Central Bank of Ireland expectations
  • The Regulatory Context
  • How to create a Compliance Risk Universe
  • The benefits of a Risk Based approach
  • Practical points for compliance

This module is suitable for most roles at firms within the Financial Services sector which have regulatory compliance obligations. It is recommended for -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • PCF Role Holders
  • Risk management and other professionals


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Consumer Protection Code

On the 1st of January 2012 the revised Consumer Protection Code (the Code) came into effect which sets out the requirements that regulated entities must comply with when dealing with consumers.

A number of addendums have been made to the code since then to keep up with the changes with respect to new regulated sectors and changes in European legislation such as MiFID II.


This half day course will provide attendees with a full understanding of the code and how it can be implemented within their own firms. Topics covered :
  • General Requirements
    • Restrictions
    • Conflicts of Interest
    • Contact with Customers
    • Premium Handling
    • Product producer responsibilities
  • The Regulatory Context
  • How to create a Compliance Risk Universe
  • The benefits of a Risk Based approach
  • Practical points for compliance

This module is suitable for most roles at firms within the Financial Services sector which have regulatory compliance obligations. It is recommended for -

  • Compliance Officers
  • Individual Intermediaries/Brokers
  • PCF Role Holders
  • Risk management and other professionals


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Directors' Duties

The Companies Act 2014 not only consolidated existing company law legislation but also represented the first time in Irish Law that Directors’ Duties were set out in one place. Incorporating a number of long-established fiduciary duties, its important that any person taking up or fulfilling a directorship in an Irish established entity is familiar with these duties.


Our half day Directors’ Duties course aims to give you an understanding of the range of duties covered and enable you to comply with your obligations. It includes:
  • Overview of the Companies Act 2014
  • Directors' Duties
    • Remuneration
    • Interests of Employees
    • Compliance Statements
    • Financial Statements
    • Fiduciary Duties
    • Other Interests
    • Account and Indemnify
  • Consequences of breaches

This course is recommended for any person taking up or currently performing a Director role in an Irish company or considering same. It may also be suitable for Company Secretaries or those tasked with advising or assessing Directors in their roles.


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Typical duration : Half day


Upcoming Sessions (click to book) :
Dublin, The Maldron Hotel -- Thu 20th Feb 2020


Full Training Schedule

Fitness and Probity

The core function of the Fitness and Probity Regime is to ensure that persons in senior positions within RFSPs are competent and capable, honest, ethical and of integrity and also financially sound.


Our Half Day session on the Central Bank of Ireland's Fitness and Probity requirements includes :
  • Sources of Obligations
  • The Fitness and Probity Requirement
  • Controlled Functions and PCF’s
  • The Fitness and Probity Standards
    • Competence & Capability
    • Honesty, Ethics & Integrity
    • Financial Soundness
  • The Minimum Competency Code and Regulations
    • Qualifications
    • CPD
  • Practical Compliance

This module is primarily designed for Financial Services personnel to comply with Fitness and Probity and Minimum Competency requirements but may suit others with an Ethics module requirement. Amongst others, it is recommended for -
  • Individual Intermediaries/Brokers
  • Principals
  • PCF Role Holders, and others



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MLRO Duties

The Money Laundering Reporting Office (MLRO) can play a critical role within designated person entities especially with respect to the reporting of suspicious transactions and activity. Sometimes the MLRO may be expected to establish, implement and monitor an effective AML/CFT system and is given significant responsibility as a result.


To gain a better understanding of the Role of the MLRO, we have created this half day training course which includes the following :
  • What is an MLRO?
  • AML/CFT Duties and Obligations
    • Best Practice: Governance, Board Reporting, Risk Assessment, Policies and
    • Procedures, Record-Keeping, Ongoing Monitoring, Training and Sanctions
  • MLRO Expertise
    • Anti-Money Laundering / Counter Terrorist Financing Laws and Trends
  • Suspicious Activity / Transaction Reporting
    • Identification of Red Flags, Ideal Internal reporting processes and procedures, Tipping off and key risk factors

This module is recommended for Money Laundering Reporting Officers, AML Staff, Compliance Staff and Senior Management that have Anti-Money Laundering / CTF duties.


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Typical duration : Half day


Upcoming Sessions (click to book) :
Dublin, The Maldron Hotel -- Thu 19th Mar 2020


Full Training Schedule