Compliance Risk Management (CMPLRM)

Source details

The course is presented by the IMF’s Fiscal Affairs Department (FAD).
Designed for senior officials who have a leadership role in Compliance Risk Management.
Purpose: consider the importance of a risk based approach to compliance and how this leads to the efficient administration of the revenue system.
Emphasis on alignment of compliance activity to the organization’s mission, vision and values to guide practical compliance work.
Tailored toward participants responsible for establishing or leading the compliance risk unit within their administration.

Each module begins with coverage of theoretical concepts followed by practical examples and exercises.
Course materials are based on practical support materials to ensure hands-on learning.
Participants undertake practical work to establish strong fundamentals and apply concepts to their administrations.

What is risk management and why is risk based management important
Undertaking intelligence gathering
Risk differentiation
Mitigating risks through a compliance improvement program
Development by each administration of plans to implement a risk register and adopt risk differentiation

Target audience: Officials who have a senior role in Compliance Risk Management in their agencies.
Qualifications: No academic qualifications are necessary.

Objective: cover conceptual course material (theory) and ensure strong fundamentals through practical work.
Provide participants with sufficient knowledge and tools to return to their administrations and:
- Develop an organizational risk register.
- Develop a risk differentiation approach to compliance.
- Design plans to implement risk registers and adopt risk differentiation within their administrations.