For an organisation that wishes to conduct international payments or trade, particularly those within the banking and finance industry, there must be a strong understanding of international banking laws. These laws helped set the standard for international payments and transactions, primarily set in place to ensure protection and security for all involved parties.
Knowledge of the various international banking laws are vital for an organisation to function correctly. These manage the way payments should be made and regulate different payment methods to ensure safety. These laws also law out consequences for non-compliance, such as sanctions and embargoes, for organisations who are in breach of these regulations.
To guarantee full compliance with these banking laws, an organisation should be highly competent in the types of payment systems commonly used and digital advancements within the industry. There should also be a strong focus on risk management. Fraud and operation risks can be damaging to all parties involved, and there needs to be detection, preventative measures and risk solutions established and constantly managed.
This course is designed for anyone responsible for understanding international banking laws and ensuring their organisation is in full compliance. It would be most beneficial for:
This course uses a variety of adult learning styles to aid full understanding and comprehension. Participants will review case studies of established organisations to highlight ways international laws have influenced their services and products.
The participants will be involved in a range of learning exercises, including seminars, group discussions, individual and group activities. Under the guidance of the course mentors, participants will have extensive opportunities to develop their skills and knowledge of the taught content.