CAPACITY DEVELOPMENT

CUSTOMER DUE DILIGENCE
Organisations need to ‘know their customers’ (KYC) for a number of reasons; to comply with the requirements of relevant legislation and regulation, to be reasonably confident that the customers are who they say they are, to guard against fraud, including impersonation and identity fraud. To this extent, there is a need for Customer Due Diligence (CDD)to avoid reputational and financial damage.

COURSE OBJECTIVES
Participants of the training will be able:

  • To understand how the CDD process should be conducted for individuals, private organizations and public institutions
  • To understand the control features in CDD
  • To understand how emerging technologies, impact the CDD procedure
  • To understand the monitoring and risk management aspects of customer due diligence

COURSE CONTENTS

  • The principles of customer due diligence
  • The pillars of customer due diligence
  • The concepts of politically exposed persons(PEPs).
  • Risk-Based Approach to customer due diligence
  • High-Risk Customers and enhanced due diligence (EDD)
  • Unveiling the ultimate beneficial owner (UBO)

TARGET AUDIENCE
Customer Service Staff, Relationship Managers, Operations Staff, Control Staff, Audit Staff, Compliance Officers of Financial and Designated Non-Financial Institutions.

TRADE-BASED MONEY LAUNDERING COMPLIANCE PROGRAM
Over the years, there has been an increase in sharp practices such as over and under-invoicing of goods and services. This scheme usually involves collusion between buyers and seller. Trade-based money laundering schemes often rely on the complexity of global trade as a means of obscuring the true origin of the funds. Proceeds of trade-based money laundering can be moved through the financial system and integrated to avoid detection.

COURSE OBJECTIVES

  • To make participants understand the money laundering and terrorist financing risk associated with trade-based financing
  • To expose participants to the fraudulent schemes associated with trade finance
  • To show participants red flags of suspicious activities associated with trade finance
  • To provide participants with the CDD processes and procedures associated with trade finance
  • To navigate emerging technologies in mitigating risk associated with trade finance

COURSE CONTENTS

  • Fraudulent Schemes Associated with International Trade
  • Principles and Practice of Trade Base Money Laundering
  • Managing Risk and Customer Due Diligence in Trade Finance

TARGET AUDIENCE
Trade/Export Finance, Accounts Department Staff, Control staff, Audit staff and Compliance Officers

RISK-BASED COMPLIANCE TO ANTI-MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM: PRINCIPLES AND PROCEDURES

The risk-based approach to compliance involves identifying the areas of high risk within your organizations. The risk-based approach also re-positions compliance from a general function to one that provides strategic value and optimization of resources. Risk-based compliance monitoring program assists organizations in identifying, managing, monitoring, and reducing the compliance risks

COURSE OBJECTIVES

  • To make participants understand the principles of Risk-Based Approach (RBA) to AML/CFT
  • To expose participants to Customer Risk rating techniques
  • To show participants emerging technologies and techniques of Risk-Based Compliance
  • To provide participants with the needed skills to develop customer monitoring solutions
  • To demonstrate impact on the RBA on profitability and targets

COURSE CONTENTS

  • Principles of Risk-Based Approach to AML/CFT compliance
  • Risk identification processes and procedures
  • Risk Assessment Techniques
  • Risk mitigation and risk techniques

TARGET AUDIENCE
Compliance staff, Internal audit staff, Relationship officers, Customer service staff and Marketing staff

AML/CFT COMPLIANCE FOR FINANCIAL INSTITUTIONS
The CBN Regulation directs financial institutions to establish and maintain procedures reasonably designed to ensure and monitor compliance with the reporting and record-keeping requirements of the MLPA, 2004. The enabling Act & Regulation requires individuals, banks and other financial institutions to render currency transaction reports (CTRs) to the CBN
(AML/CFT Office in Financial Policy & Regulation Department) and Nigerian Financial Intelligence Unit (NFIU) for Suspicious Transaction Reports (STRs). Conducting appropriate CDD measures and maintenance of records supports law enforcement and regulatory agencies in investigations of predicate offences to money laundering and financing of terrorism.

COURSE OBJECTIVES
Participants of the training will be able:

  • To understand the impact of AML/CFT laws on Financial Institutions
  • To understand the consequences of non-compliance
  • To understand the vulnerability of financial institutions to ML & TF
  • To understand skills to perform CDD and EDD procedures
  • To understand the concept of PEPs and RBA

COURSE CONTENT

  • Understanding the essence of compliance
  • The principles of customer due diligence
  • The pillars of customer due diligence
  • Risk-Based Approached customer due diligence
  • Emerging & Contemporary Issues in CDD
  • Essentials & Red-flags associated with private banking
  • STR & SAR framework
  • Consequences of non-compliance

TARGET AUDIENCE
Relationship staff, Internal control staff, Internal audit staff of Financial Institutions and other Financial Institutions.

AML/CFT COMPLIANCE FOR DESIGNATED NON-FINANCIAL INSTITUTIONS (DNFIs)
The Federal Ministry of Industry, Trade and Investment (FMITI) Regulation and the Money Laundering (Prohibition) Act (MLPA) 2011 (as amended) mandates Designated Non-Financial Institutions to establish and maintain procedures reasonably designed to ensure and monitor compliance with the reporting and record-keeping requirements of the MLPA. The Act &
Regulation requires DNFIs to render cash transaction reports (CBTRs) to the Special Contol Unit against Money Laundering and Suspicious Transaction Reports (STRs) to the Nigerian Financial Intelligence Unit (NFIU). Conducting appropriate CDD measures and maintenance of records supports law enforcement and regulatory agencies in investigations of predicate offences to money laundering and financing of terrorism.

COURSE OBJECTIVES
Participants of the training will be able:

  • To understand the impact of AML/CFT laws on designated non-financial institutions
  • To understand the consequences of non-compliance
  • To understand the vulnerability of designated non-financial institutions to ML & TF
  • To understand skills to perform CDD and EDD procedures
  • To understand the concept of PEPs and RBA

COURSE CONTENT

  • The principles of customer due diligence
  • The pillars of customer due diligence
  • Risk-Based Approached to customer due diligence
  • Emerging & Contemporary Issues in CDD
  • Essentials & Red-flags associated with designated non-financial institutions
  • STR & SAR framework
  • The cost of compliance and non-compliance

TARGET AUDIENCE
Compliance Officers, Relationship staff, Internal control staff and Internal audit staff of Designated Non-Financial Institutions.

MONEY LAUNDERING IN REAL ESTATE AML/CFT COMPLIANCE: THE EMERGING ISSUES
The training on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Management and Compliance officers of Real Estate institutions is aimed at enhancing the knowledge/skills of participants in the effective prevention, detection, monitoring and control of Money Laundering risks inherent in global real estate business; in accordance with relevant laws, regulations and global best practice.

COURSE OBJECTIVES
Participants of the training will be able:

  • To understand fraud and money laundering vulnerabilities in the sector
  • To understand the relevant skills in identifying suspicious transactions within the sector
  • To understand how to mitigate money laundering and terrorist financing risks within the sector
  • To understand emerging trends, patterns and technologies associated with AML/CFT compliance

COURSE CONTENTS

  • The principles and culture of compliance in the global real estate
  • Fundamentals of AML/CFT compliance
  • Emerging issues, new technologies and AML/CFT compliance
  • The statutory & regulatory framework
  • Customer Due Diligence (CDD) Enhance Due Diligence (EDD): Principles and procedures
  • Red-flags & STR/SAR framework
  • Building a compliance culture: ethics, conduct and governance

TARGET AUDIENCE
Designated Non-Financial Institutions (DNFIs) and relevant stakeholders in the real estate industry

BUREAU DE CHANGE AND AML/CFT COMPLIANCE: THE EMERGING ISSUES
The programme covers the different aspects of laws and regulation of Bureau De Change (BDC) with regards to anti-money laundering and combatting the financing of terrorism (AML/CFT).

COURSE OBJECTIVES
Participants of the training will be able:

  • Understand the AML/CFT Compliance Framework for the Insurance sector
  • Understand frauds and money laundering vulnerabilities of the insurance industry
  • Understand relevant skills in identifying suspicious transactions in the industry
  • Understand how to promote compliance culture within their organizations
  • Understand emerging technologies, techniques and trends associated with AML/CFT Compliance

COURSE CONTENTS

  • Fundamentals of AML/CFT compliance
  • Emerging issues and compliance controls
  • CDD, EDD, PEPs & UBO: principles and procedures
  • Red-flags & STR/SAR framework
  • New technologies and AML/CFT compliance
  • Building a compliance culture: ethics, conduct & governance

TARGET AUDIENCE
All Staff of Insurance Underwriters, All Staff of Insurance Brokers, All Staff of Insurance Loss Adjusters, All Insurance Agents, Insurance Financial Advisers and All Marketers of Insurance Products

INSURANCE AND AML/CFT COMPLIANCE: THE EMERGING ISSUES
Insurance and AML/CFT compliance programme provides information on compliance administration for both financial and non-financial institutions. This covers extensive, real-world experience as regulators and private-sector compliance executives in money services businesses; payments processors; and banks.

COURSE OBJECTIVES
Participants of the training will be able:

  • Understand the AML/CFT Compliance Framework for the Insurance sector
  • Understand frauds and money laundering vulnerabilities of the insurance industry
  • Understand relevant skills in identifying suspicious transactions in the industry
  • Understand how to promote compliance culture within their organizations
  • Understand emerging technologies, techniques and trends associated with AML/CFT Compliance

COURSE CONTENTS

  • Fundamentals of AML/CFT compliance
  • Emerging issues and compliance controls
  • CDD, EDD, PEPs & UBO: principles and procedures
  • Red-flags & STR/SAR framework
  • New technologies and AML/CFT compliance
  • Building a compliance culture: ethics, conduct & governance

TARGET AUDIENCE
All Staff of Insurance Underwriters, All Staff of Insurance Brokers, All Staff of Insurance Loss Adjusters, All Insurance Agents, Insurance Financial Advisers and All Marketers of Insurance Products

CAPITAL MARKET AND AML/CFT COMPLIANCE: THE EMERGING ISSUES
Every financial institution is required to adopt policies stating its commitment to comply with AML/CFT obligations under the law and regulatory directives and to actively prevent any transaction that otherwise facilitates criminal activity or terrorism. This course specializes in providing regulatory guidance for financial service firms that offer securities products, including but not limited to private placements, merger & acquisitions, full service brokerage and investment advisory services.

COURSE OBJECTIVES

  • To expose participants to the AML/CFT compliance framework for the capital market
  • To dimension fraudulent activities and money laundering vulnerabilities associated with the sector
  • To equip participants with relevant skills in identifying suspicious transaction within the sector
  • To train participants how to promote compliance culture within their organization
  • To dimension the impact of technology on compliance with the sector

COURSE CONTENTS

  • The essence of compliance
  • Fundamentals of AML/CFT compliance
  • Emerging issues and compliance controls
  • The statutory & regulatory framework
  • CDD, EDD, PEPs & UBO: principles and procedures
  • Red-flags & STR/SAR framework
  • FinTech, Reg-Tech and capital market compliance
  • Building a compliance culture: ethics, conduct & governance

TARGET AUDIENCE
Nigerian Stock Exchange (NSE) Staff, Security & Exchange Commission (SEC) Staff, Stock Brokering Firms, Issuing Houses, Fund Managers, Portfolio Managers and Capital Market Compliance Officers

MICROFINANCE, BDCs AND AML/CFT COMPLIANCE: THE EMERGING ISSUES
This programme covers the different aspects of regulation in the field of microfinance, BDCs and AML/CFT, the stages in evolution of microfinance, BDCs and AML/CFT institutions as well as the financial transactions made by MFIs and challenges faced by these institutions.

COURSE OBJECTIVES

  • To expose participants to the AML/CFT compliance framework for other financial institutions
  • To make participants understand the frauds and money laundering vulnerabilities associated with the sector
  • To equip participants with relevant skills in identifying suspicious transactions
  • To train participants on how to promote compliance culture within their organizations
  • To enable participants to understand FinTech and the future of compliance within the sector

COURSE CONTENTS

  • Fundamentals of AML/CFT compliance
  • Emerging issues and compliance controls
  • The statutory & regulatory framework
  • CDD, EDD, PEPs & UBO: principles and procedures
  • Red-flags & STR/SAR framework
  • FinTech, Reg-Tech and capital market compliance
  • Building a compliance culture: ethics, conduct & governance

TARGET AUDIENCE
BDCs, MFBs, Regulators within the sector and Supervisors within the sector

COMPLIANCE, INTERNAL CONTROL AND INTERNAL AUDIT: UNDERSTANDING THE TRILOGY
Understanding Internal Controls provides an additional reference tool for all employees to identify and assess operating controls, financial reporting, and legal/regulatory compliance processes and to take action to strengthen controls where needed. By developing effective systems of internal control, we can contribute to enhancing the University’s ability to meet its objectives and reducing the potential liability from fines and penalties that could be imposed for violations.

COURSE OBJECTIVES

  • To expose the participant to the basic concept of internal control, internal audit and compliance
  • To make participants understand the relationship between control, audit and compliance
  • To train participants on how trilogy could be deployed to minimize regulatory risk

COURSE CONTENT

  • Fundamentals of AML/CFT compliance
  • The compliance ecosystem, statutory & regulatory framework
  • Control, audit, risk management and compliance
  • Due Diligence principles & procedures
  • Red-flags & STR/SAR & managing request
  • Tone-at-the-Top, governance, conduct & ethics
  • Consequences of non-compliance

TARGET AUDIENCE
Auditors in FIs & DNFIs, Control Officers in FIs & DFNIs, Compliance Officers in FIs & DFNs and Relationship Managers/Account Officers

COMPLIANCE WITH PROVISION OF MONEY LAUNDERING AND FINANCING OF TERRORISM LAWS IN NIGERIA
Money laundering and financing of terrorism are a global phenomenon poses a great measure of threat to international peace and security and could seriously undermine Nigeria’s development and progress. Nigeria is not being left out in fighting the global fight against money laundering. Some measures have been taken through the enactment of some legislation

  • Money Laundering (Prohibition) Act 2011
  • Economic and Financial Crimes Commission (establishment) Act, 2004
  • Independent Corrupt Practices Commission (ICPC) 2000
  • Money Laundering (Prohibition) (Amendment) Act 2012

COURSE OBJECTIVES
Participants of the training will be able to understand the:

  • Cash-based Transaction Report
  • Suspicious Transaction Report
  • Currency Transaction Report
  • Compliance with the law of money laundering and other related offences.
  • Registration procedures for SCUML

COURSE CONTENT

  • Anti-Money Laundering Laws
  • Preventing or Avoiding Money Laundering
  • The Practical Day to Day Requirement for Robust Anti-Money Laundering Operations
  • Sanctions and Penalties
  • Relevant Agencies and Roles they play in Anti-Money Laundering
    • Law enforcement: – Police, Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC)
    • Regulators: – Central Bank of Nigeria (CBN), Security and Exchange Commission (SEC) and National Insurance Commission (NAICOM)
    • Supervisors: – SCUML and NFIUs

TARGET AUDIENCE

Designated Non-Financial Institutions (DNFI’s)

ACCOUNTABILITY AND GOOD GOVERNANCE IN PUBLIC SECTOR
Governments around the world aim to deliver good governance to all citizens. An effective public service needs to promote an open government with regards to its public financial management at the Local, State and Federal levels.

COURSE OBJECTIVES
At the end of the training Participants will be able to:

  • Gain knowledge of new methods of promoting open government policies
  • Appreciate global accounting practices within the public sector that promotes good governance
  • Identify an appropriate framework for improving a public financial management system
  • Use technology in improving efficiency and accountability in public service

COURSE CONTENT

  • Overview of the accountability arrangements in the public sector and key principle of good governance in public sector
  • The guideline for implementing the good governance principle, commitment to integrity, ethical values and rule of laws
  • Developing the capacity of the entity, including the capability of its leadership and individuals within it
  • Managing risks and performance through robust internal control and strong public financial management
  • Implementing good practices in transparency and reporting to deliver effective accountability.

TARGET AUDIENCE
Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, corporate legal advisors, HR managers, and department heads.

INFORMATION SECURITY AWARENESS
The working environment of the 21st century is highly dependent and driven by information and communication technology. The computers, phones, printers and internet all make the operations of civil service more timely, efficient and effective. However, these tools of technology serve as an opportunity for cyber-criminals and can undermine any work-place or institution.

COURSE OBJECTIVES
Participants of the training will be able to understand the:

  • Anatomy of information security risk
  • The types of security threats to a work-place
  • Security for technological tools
  • Internet security for institutions

COURSE CONTENT

  • Information security risks
  • Computer and network security
  • Communications security
  • Personnel security

TARGET PARTICIPANTS

IT officials, security officials, account & finance staffs

CYBER SECURITY AWARENESS PROGRAM

Cybersecurity awareness is the knowledge and attitude members of an organization possess regarding the protection of the physical, and informational assets of that organization. Many organizations require an annual formal security awareness training for all workers when they join the organization and periodically thereafter. Being security aware means, you understand that there is potential for some workers to deliberately or accidentally steal, damage, or misuse data that is stored within a company’s computer systems. Therefore, it would be prudent to support the assets of the institution (information, physical, and personal) by trying to stop that from happening.

COURSE OBJECTIVES

At the end of the training Participants will be able to:

  • Reduce the risk of a cybersecurity breach
  • Ingrain proper behavior into the people who come in to contact with your valuable assets
  • Protect your brand and reputation and avoid the resulting media attention

COURSE CONTENT:

  • The Threat and cyber threats
  • Passwords and password management
  • An introduction to hacking, phishing attacks and social engineering

TARGET PARTICIPANTS

IT officials, security officials, account & finance staffs

BUDGET MANAGEMENT AND PUBLIC FINANCIAL ACCOUNTABILITY
The training programme aims to increase competence in budgeting institutions in order for it to manage or reform their budget systems efficiently. The training workshop will provide middle management participants with an overview of the key principles; theoretical frameworks, practical implementation challenges and lessons learned to surround the full policy/budget cycle in modern public finance systems.

COURSE OBJECTIVES

Participants of the training will be able to;

  • Assimilate appropriate practical knowledge relevant to the practice of financial management in the public service
  • Identify the key activities, considerations, and benefits of expenditure framework
  • Recognize the purpose, components and calculations of a master budget

COURSE CONTENT

  • Integration of intergovernmental fiscal transfers into the budget process
  • Information Systems (FMIS) in improving financial reporting and accountability
  • Cash versus accrual accounting
  • Policy and budget formulation, execution, monitoring and evaluation
  • Accountability and integrity systems, including fiscal transparency and the role of political institutions such as the public accounts committee
  • Audit and evaluation, including financial compliance auditing, performance auditing, internal auditing
  • The design and implementation of public financial management reform programs

TARGET PARTICIPANTS
Professionals in the field of finance and accounting, accounting managers, analysts, internal and external auditors at all levels seeking to enhance their practical skills.

CORPORATE GOVERNANCE
Corporate governance aims at organizing the relationship between company and stakeholders. Governance models start with Shareholder Wealth Maximization (SWM) that stresses owner’s rights. This course covers the reasons why board membership may be one tier or two tiers; it includes discussions about board structure, committees, their functions and duties, the audit committee and the appointment and remuneration committee.

COURSE OBJECTIVES
By the end of the course, participants will be able to:

  • List the essential fundamentals and significance of corporate governance
  • Analyse corporate governance models and suggest improvements
  • Assess the ethical and policy considerations underpinning shareholders, Board of Directors (BOD), auditors, senior management and executives
  • Decide on the corporate governance structure that is best suitable for the business model
  • Deploy corporate governance best practices
  • Apply disclosures and transparency requirements issued by

INTERNATIONAL FINANCE REPORTING STANDARDS (IFRS)
COURSE OUTLINE

  • The Shareholder Wealth Maximization (SWM) model and the Corporate Wealth Maximization (CWM) model
  • International models of corporate governance
  • Organization for Economic Cooperation and Development (OECD) view on stakeholders
  • Risk-based making and functions and structures of corporate governance
  • Planning and organizing CG objectives and resources, Communicating and implementing CG principles

TARGET PARTICIPANTS
Board members, chief financial officers, senior management, directors, finance managers, accounting and finance personnel, corporate legal advisors, external and internal auditors, HR managers, and department heads.

FORENSIC ACCOUNTING AND FRAUD AUDITING

Corruption, financial and economic fraud have made it difficult for Nigeria to meet her welfare and social responsibilities to the citizenry. The widespread of fraud in public sector has made traditional auditing and investigation inefficient and ineffective in detecting fraud.

COURSE OBJECTIVES
By the end of the course, participants will be able to:

  • Understand fraud and forensic accounting
  • Implement fraud controls to decrease the likelihood of fraud in the organization
  • Utilize Microsoft Office tools to find fraudulent transactions and report on them
  • Use statistical and forensic accounting tools to analyze data
  • Assist internal audit and senior management in testing data and finding anomalies

COURSE CONTENT

  • Introduction to forensic accounting and fraud examination
  • Fraud schemes and controls
  • Financial statements
  • Corruption schemes and Asset misappropriation
  • Fraud detection, prevention, control and response

TARGET PARTICIPANTS

Public & Public sector organizations

DETECTING AND INVESTIGATING PUBLIC SECTOR ACCOUNTING FRAUDS
This course provides an intensive examination of public sector accounting frauds, including asset misappropriation schemes and financial statement frauds that are directed at federal, state and local governments as well as government agencies, ministries, boards and parastatals.

COURSE OBJECTIVES
At the end of the programme participant should:

  • Understand common public-sector fraud schemes that are carried out by employees
  • Become familiar with red flags which may indicate the presence of accounting fraud
  • Know how to assess the effectiveness of risk management programs and internal controls
  • Learn the investigative techniques and skills utilized in the investigation of public sector accounting fraud

COURSE CONTENT

  • Characteristics and objectives of public sector governments and agencies, ministries, boards and commissions
  • Public sector accounting frauds: asset misappropriation schemes Cash receipt, check tampering, and other liquid asset misappropriations
  • Segregation of duties/absence of mandatory vacation policy Invoice, contract, and supplier reviews

TARGET PARTICIPANTS
Chief governmental financial officers, senior level managers and government executives, and government accountants, government auditors, government investigative agents, and law enforcement representatives who investigate and/or prosecute accounting fraud and chartered accountants, management accountants, internal audit personnel, and finance professionals, Public practitioners who provide accounting, audit, forensic and investigative services Risk managers.