Singapore University of Social Sciences

Compliance, Regulations and the Regulatory Environment

Compliance, Regulations and the Regulatory Environment (FIN571)

Applications Open: 01 April 2021

Applications Close: 31 May 2021

Next Available Intake: July 2021

Course Types: Certificate Course, Modular Graduate Course

Language: English

Duration: 6 months

Fees: $2200 View More Details on Fees

Area of Interest: Compliance

Schemes: Alumni Continuing Education + (ACE+), Lifelong Learning Credit (L2C), Resilience

Funding: To be confirmed

School/Department: School of Business


Synopsis

FIN571 Compliance, Regulations and the Regulatory Environment introduces students to the regulatory environment in Singapore, the role of the Monetary Authority of Singapore and its supervisory approach, as well as key regulations applicable to most financial institutions. Through case studies and scenarios that a Compliance Officer faces at work, students are encouraged to identify compliance-related issues, analyse these issues and apply their knowledge in a practical manner to resolve the issue and/or advise stakeholders on possible solutions.

Level: 5
Credit Units: 5
Presentation Pattern: Every July

Topics

  • Introduction to compliance
  • Structure of compliance
  • The regulatory environment
  • Banking Act, Securities and Futures Act, Financial Advisers Act
  • Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (CDSA)
  • Terrorism (Suppression of Financing) Act (TSOFA)
  • Technology risk management
  • Fair dealing, investment suitability and the selling process
  • Automatic Exchange of Information (AEoI)/Common Reporting Standards
  • Conduct, culture and ethics
  • Policies and procedures within FIs governing
  • Scenario-based case studies

Learning Outcome

  • Assess the key regulations within the Singapore financial services industry and discuss the role of the Monetary Authority of Singapore and the Singapore regulatory environment
  • Draw a balance between business needs and compliance requirements and analyse how different regulatory requirements apply in different situations
  • Compose practical solutions to address identified compliance risks
  • Evaluate compliance-related risks in various scenarios
  • Propose a practical solution for stakeholders in addressing compliance risks by applying acquired knowledge and understanding
  • Formulate compliance solutions which reflect an appropriate balance between business needs and compliance requirements
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