Positive Interaction

Home

Course Details

Certified Compliance Officer

Accreditation Number: 115316562

2025

Last updated December 2025

Approval

Duration

This training program aims to equip participants with the knowledge and skills necessary to pass the Certified Compliance Officer professional exam. Participants will gain insights into effectively performing compliance officer duties, managing risks associated with non-compliance, and implementing risk-based anti-money laundering programs. Additionally, the program will cover the development of related policies, procedures, and internal controls.

By the end of this program, participants will be able to:

Identify the risks associated with non-compliance with regulations and guidelines to select the most appropriate risk management approach.
Understand the role of the compliance officer in combating financial crimes, money laundering, and terrorist financing to ensure effective performance and contribute to minimizing or preventing such crimes.
Develop and manage a risk-based compliance program to ensure its proper implementation, protecting the organization from being exploited as a channel for illicit activities.
Gain a comprehensive understanding of governance requirements to ensure the optimal application of internal procedures and controls

Course Curriculum

5 Lectures

Module 1 - Compliance Management

The concept of compliance and its importance, and the risks of non-compliance.
Rules and regulations issued by the Saudi Arabian Central Bank regarding compliance.
Compliance rules and regulations issued by the Capital Market Authority for financial institutions.
Organizational structure of compliance management, the independence of the compliance function.
The relationship of the compliance function with risk management and internal audit.
Lab: Potential questions in this unit.

Module 2 - The Role of Compliance Function in Implementing International Requirements

Compliance policy (general compliance policy, responsibilities: Board of Directors, senior management, and compliance staff).
Compliance monitoring and testing process, stages of compliance monitoring and testing.
Risk-based compliance and designing a risk-based compliance plan.
Financial crimes, international and regional sanctions, data protection standards.
Code of conduct, ethical work practices, duties, and responsibilities of financial institution staff.
The role of the compliance function in upholding sound standards in the financial institution.
Disclosure and transparency (general principles of disclosure and its importance).
Lab: Potential questions in this unit.

Module 3 - Regulatory Environment Necessary for Achieving Governance in Financial Institutions

Corporate governance (pillars and standards of governance).
Best practices in implementing governance in financial institutions.
Corporate governance reporting model.
Financial crimes, international and regional sanctions.
Combating financial and administrative corruption.
Lab: Potential questions in this unit

Module 4 - Anti-Money Laundering and Terrorism Financing Programs in Financial Institutions and Non-Financial Businesses and Professions

The concept, stages, and risks of money laundering and terrorism financing.
International and regional efforts and initiatives to combat money laundering and terrorism financing.
The legislative framework in the Kingdom to combat money laundering and terrorism financing.
Reporting suspicious transactions protocol and indicators of suspicion.
Due diligence procedures and enhanced due diligence measures.
Lab: Potential questions in this unit.