Ethics, Regulations & Compliance (Online)
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Programme Overview
In the ever-evolving realm of financial services, maintaining integrity and compliance is not just a regulatory obligation but a cornerstone of trust and stability. The modules presented here delve into two fundamental pillars: Ethical conduct and Customer Due Diligence & Regulations.
Discover our accredited online program tailored to accommodate the rigorous schedules of our diverse audience. Our curriculum is thoughtfully structured into bite-sized content, ensuring a positive and engaging learning experience. Accessible across various platforms through WMI’s innovative Learning platform, learners may pursue their learning goals with convenience.
Upon successful completion, participants will be awarded 6 Core FAA/SFA hours, and eligible participants will also qualify for IBF-STS funding.
Learning Outcomes
By the end of these modules, participants will be able to:
- Explore the fundamental principles of professional & personal ethics that underpin the industry and establish its value in building trust between stakeholders.
- Evaluate the various codes of conduct established by regulatory bodies, and industry associations, and apply them effectively in their own role
- Develop awareness of factors that influence one’s ethics and design their own ethical decision framework to address ethical dilemmas.
- Explore the regulatory framework and the specific regulatory acts and guidelines that govern the financial adviser representatives in their role.
- Identify and manage risks that may arise from the actions or activities of financial adviser representatives.
- Develop an understanding of the legislative controls and regulations related to Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Politically Exposed Persons (PEP) in guarding against criminal activities, illegitimate funds and terrorism financing.
- Analyse case studies and real-life scenarios to build awareness of the common regulatory problems and develop insights on the practical applications of regulations in practice.
Ethical Conduct (EC) – 2 hours
In today’s complex and interconnected financial landscape, understanding and adhering to ethical principles is paramount within the financial services industry. This module will explore the ethical considerations that play a crucial role in maintaining trust, integrity, and stability. This will guide compliance advisers and financial representatives in making responsible decisions that impact clients, organisations, and the broader society.
Customer Due Diligence and Regulations (CDR) – 4 hours
Regulations form critical aspects of the financial services industry, ensuring that organisations operate within the boundaries of the law, maintain the integrity of the financial system, and protect the interests of clients and stakeholders. This module will guide compliance advisers and financial representatives to learn more about compliance with relevant regulations to gain a comprehensive understanding of the regulatory landscape and develop the necessary knowledge and skills to meet compliance requirements.
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Who Should Attend
- Compliance Advisers, Risk and Legal Professionals and Managers
- Client Advisers, Relationship Managers, Assistant Relationship Managers and all other Covered Persons
- Private Client Relationship Managers, Senior Priority Relationship Managers in Consumer or Retail Banking
- Insurance Advisers, Financial Consultants and Independent Financial Advisers
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Certification
Participants who successfully complete the programme will be awarded:
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | After GST | Company-Sponsored |
Fees and Funding
| Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above |
Fees and Funding
| Modules | Fees after Subsidy (incl. of GST) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) |
|---|
| Category | |||
|---|---|---|---|
| 2 | |||
| 1 | Not Applicable | ||
1 For Singaporeans aged 40 and above, you are eligible to utilise the SkillsFuture Credit (Mid-Career) further to offset your course fee after the IBF subsidy.
2 Fees shown are after IBF-STS funding assuming students meet the minimum academic standards outlined by IBF and are physically based in Singapore. The fees are also subject to IBF accreditation approval for all modules.
Fees and Funding
Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | |
|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR Company Sponsored/Self Sponsored | Singaporean Aged 40 & Above Company Sponsored/Self Sponsored |
| Singaporean Aged Below 40 / PR | |||
| Company Sponsored/Self Sponsored | |||
| Singaporean Aged 40 & Above | |||
| Company Sponsored/Self Sponsored |
Fees and Funding
Core Modules | Full Fees (S$) | Fees after subsidies inclusive of 9% GST (With effect from 1 Jan 2024) (S$) | ||
|---|---|---|---|---|
| Before GST | After GST | Singaporean Aged Below 40 / PR | Singaporean Aged 40 & Above | |
| Company Sponsored/Self Sponsored | Company Sponsored/Self Sponsored | |||
| Module 1: Ethical Conduct (EC) | 500 | 545 | 295 | 195 |
| Module 2: Customer Due Diligence and Regulations (CDR) | 500 | 545 | 295 | 195 |
Note:
The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.
In addition to Course Fees, each participant will also be charged a non-refundable and non-claimable application fee of S$85 (including GST).
This programme is pending accreditation by the Institute of Banking and Finance (IBF). When accredited, Singaporeans and Permanent Residents will be eligible for funding support of up to 70% course fee subsidy under the IBF Standards Training Scheme (IBF-STS).
Fees shown are after IBF-STS funding. Subsidised fees apply upon participants’ successful completion of the programme, which includes (i) fulfilling minimum attendance requirements and (ii) passing all relevant assessments.
Subsidies are subject to change by IBF and fees will be adjusted based on prevailing funding rates. Click here to read more about funding support for IBF-STS, and terms & conditions governing registration, payment, cancellation, deferment and no-show.
The information above is correct at the time of publication. Wealth Management Institute reserves the right to amend the fees and/or terms and conditions as appropriate.
Schedule
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