Ethics, Legal, Compliance & Risk
Anti-money laundering (5)
- Compliance vs. Legal
- Compliance as a process, a organization unit and a function
- Supervision and sanctions
- National law and international regulations
- Process and phases of money laundering
- History of anti-money laundering
- Legal implications of money laundering
- Predicate offenses
- International regulations in the fight against money laundering
- AML scenarios and cases
- Due diligence obligations of financial intermediaries
- Dimensions of identification obligations
- Know-your-customer (KYC)
- Risk-based monitoring
- Suspicion of money laundering event
- Rules and principles of money laundering prevention
- Obligations when entering client relationships
- Identification of clients
- Determination of beneficial owners and controlling persons
- Increased risks
- AML scenarios and cases
- Risk classification
- Business relationships with high-risk clients, beneficial owners and controlling persons
- Politically exposed persons (PEPs)
- High-risk transactions
- Ongoing monitoring of client relationships
- Suspicion of money laundering and involvement of Compliance
- AML scenarios and cases
Codes of conduct (4)
- Principle of equal treatment of market participants
- Restrictions to proprietary market activities of employees
- Areas of confidentiality
- Insider information
- Market manipulation
- Rule violations and sanctions
- Different types of gifts
- Procedures to deal with gifts
- Guidelines to deal with inappropriate gifts
- Policy for gifts to clients
- Scenarios and cases
- Reputation and reputational risks
- Principles to safeguard reputation
- Legally permitted vs. socially tolerated behavior
- National and foreign standards
- Purpose and principles of conflict of interest policies
- Avoidance of conflicts of interest
- Disclosure and approval of conflicts of interest
- Information barriers (Chinese Walls)
- Cases and scenarios
Data security and confidentiality (2)
- Principles of data protection
- Correct handling of information and data
- Classification of information
- Proper handling of devices
- Use of E-mails, internet and mobile phones
- Working outside of the office
- Use of passwords
- Principles of confidentiality
- Objectives and scope of data security
- Bank client confidentiality
- Commercial secrecy
- Outsourcing and offshoring
Investment Suitability (1)
- Rules of conduct: honesty, good faith, professionalism
- Appropriateness and suitability
- Risk categorisation: risk capacity and risk propensity
- Opting up and opting down
- Financial products to be offered to different types of client
- Place of residence of the client
- Execution only, asset management contract and advisory mandate
Automatic exchange of information in tax matters (AEOI) (1)
- Common reporting standard
- AEOI mechanism
- Participating countries in AEOI
- Communication with clients
- AEOI scenarios and cases
Cross-border and FATCA (1)
- Principles of cross-border transactions
- Risks arising from cross-border business
- FATCA principles
- FATCA reporting models
- Criteria for US person
- Changes in US person status
Fraud Awareness (1)
- Characteristics of economic crimes
- Types of fraudulent action
- Liability and sanctions
- Preventive measures
- Fraud scenarios and cases
Fit for FinSA (1)
- Content and rationale of FinSA
- Client protection
- Financial services within the scope of FinSA
- Client segmentation
- Client profiling
- Assessment of appropriateness and suitability
- Pre-contractual information
- Basic Information Document and prospectus duty
- Execution – codes of conduct for transparency and diligence in client orders
- Documentation and accountability
- Applicability of MiFID in Switzerland
- Aim and purpose of the Data Protection Act
- Important terms of the Data Protection Act
- Key principles of data processing
- Important measures to ensure data security