Midshore Online Training

Midshore have developed an awareness training solution suitable for all members of staff of any ability, the aim of the training is to give you a basic understanding of data protection laws in Guernsey and the upcoming changes.

Whilst the EU’s General Data Protection Regulation (GDPR) has been pending its implementation date (May 25th 2018) since April 2016, awareness has struggled to spread throughout most industries within the island of its own law the General Data Protection (Bailiwick of Guernsey) Law, 2017.

Our training aims to help bridge that gap and give you the basic understanding required.

Quick Facts

• The first and only of its kind (to cover the Guernsey implementation)
• Suitable for all levels (data protection novice to expert)
• Can be taken live or online
• Provides a certificate in data protection awareness and 1 hour CPD
• Is the most cost effective solution for structured learning about data protection
• Demo of the platform for corporate organisations
• Can be included in your own “Branded” corporate university using the Midshore Online Training platform
• The training has been put together by industry experts from both Finance & Non-Finance background
  

This bespoke AML/CFT training module has been developed by Midshore Consulting for one of our clients and their associates and delegates. The training covers the prescribed topics under Schedule 16 of the Alderney eGambling Regulations as well as the AGCC Guidance on AML/CFT.

In this training module we will cover the following topics:

1. Introduction to AML, Terrorist Funding & Activity
   
2. Relevant Enactments
3. Schedule 16 and the AGCC Guidance
4. ML & FT Risks
5. What is “Suspicious”?
6. Suspicious Activity Reporting
7. Policies, Procedures and Controls
8. Roles & Responsibilities of the MLRO & NO

Midshore have developed a range of modules covering the training requirements set out in Chapter 15 of the Guernsey Financial Services Commission’s Handbook on Countering Financial Crime and Terrorist Financing.

Recognising that different staff have different training needs, Midshore Online Training provides training specifically designed for:

• Relevant Employees
• Directors and Senior Managers
• Money Laundering Compliance Officers
• Money Laundering Reporting Officers and Nominated Officers
• Other Employees
  

In this training module we will cover the following topics:

• Introduction to AML, Terrorist Funding & Activity
  
• Relevant Enactments
• Schedule 3 and The Handbook
  
• Policies, Procedures & Controls
• What is 'Suspicious'?
  
• Suspicious Activity Reporting
• Roles & Responsibilities of MLRO, MLCO & NO
• ML & FT Risks
• Customer Due Diligence (CDD)
  
• PEPs
• Sanctions

PLEASE NOTE: We provide several links to relevant documents throughout this training. The links will be shown using the following icon:

Midshore have developed a range of modules covering the training requirements set out in Chapter 15 of the Guernsey Financial Services Commission’s Handbook on Countering Financial Crime and Terrorist Financing.

Recognising that different staff have different training needs, Midshore Online Training provides training specifically designed for:

• Relevant Employees
• Directors and Senior Managers
• Money Laundering Compliance Officers
• Money Laundering Reporting Officers and Nominated Officers
• Other Employees
  

In this training module we will cover the following topics:

• Introduction to AML, Terrorist Funding & Activity
  
• Relevant Enactments
• Schedule 3 and The Handbook
  
• Policies, Procedures & Controls
• What is 'Suspicious'?
  
• Suspicious Activity Reporting
• Roles & Responsibilities of MLRO, MLCO & NO
• ML & FT Risks
• Customer Due Diligence (CDD)
  
• PEPs
• Sanctions

PLEASE NOTE: We provide several links to relevant documents throughout this training. The links will be shown using the following icon:

The 'CISI - Introduction to Securities & Investments' course is designed to give all candidates a basic understanding of the above topics and will cover:

• Introduction to The Financial Services Industry
• Economic Environment
• Regulation & Professional Integrity
• Taxation, Investment Wrappers & Trusts
• Financial Assets & Markets
• Equities
• Bonds
• Derivatives
• Investment Funds
• Other Financial Products

Each Section is followed by a 5 question quiz (50 questions by the end of the Course). Each quiz must be passed to move on to the next Section. (70% pass mark required)

• Introduction to FATCA / CRS
  
• Administrators responsibility
  • Why the role exists
  • When should reporting be completed by
• Data Capture
  • Client onboarding
    • Self-certification
    • CDD Docs
    • W-8 Forms (Inc. W8-BEN-E)
    • High-Risk Countries and Investment Schemes
  • Reasonableness tests
    • Indicia
    • Curing
  • GIIN & TIIN
    • Validation
    • Placeholders
  • Data required for reporting
    • Who is captured
    • Beneficiary Types
• Monitoring
  • Annual reporting checklists
  • Change of circumstance
  • Keeping up to date

FATCA and CRS represent the two main types of Automatic Exchange of Information (AEOI) that regulated financial services institutions need to be concerned with. Becoming part of these reporting frameworks is key to any jurisdiction remaining a viable financial services centre. Both FATCA & CRS have now been implemented, and whereas initial classification and reporting may have been carried out by a small team within an organisation it will be incumbent on all staff to be aware of FATCA/CRS requirements going forwards.