Customer Due Diligence and Know Your Customer for AML | Globaltraining

Customer Due Diligence and Know Your Customer for AML


Duration
3 hours
Cost
€80
Tel
77778030
Email Address
Online

Lecturer(s)

Thanos Christou
Lecturer - LW
Aim:

Customer due diligence (CDD) and Know Your Customer (KYC) are at the heart of Anti-Money Laundering (AML). In today’s demanding  environment,  is  required  for the service providers in order to comply with AML / KYC requirements ,to establish that their clients are who they say they are and have been transparent about the nature of their business. The inadequacy of customer due diligence, can lead an organization to the facing of significant risks such as reputational, operational, legal risks and sanctions.

Objective:            

This seminar is designed to offer a thorough understanding, for the junior staff up to the Board of Directors, regarding the followings:

  • The Definitions of customer due diligence (CDD) and Know Your Customer (KYC)
  • When should customer due diligence (CDD) and Know Your Customer (KYC) measures be applied?
  • Procedures for the prevention of ML and TF
  • The relationship between customer due diligence (CDD) and Risk based approach
  • Simplified Customer Due Diligence (SDD)
  • Enhanced Customer Due Diligence (EDD)
  • Explain the reason and purpose of enhanced due diligence (EDD) for politically exposed persons ( PEP)
  • Ongoing Monitoring
  • Reliance on third parties
Participants’ Profile:

AML/Compliance Officers, Heads of Compliance Departments, Heads of Risk Management Departments, Heads of AML Departments, Back-office Staff, Compliance Staff, Risk Management Staff, AML Staff, Internal Auditors, External Auditors, Executive Directors, Non-Executive Directors, Regulatory Compliance Advisors/Consultants, Corporate service providers, Funds and Fund Managers,FX ,Binary Options and Ifs, Bankers

Registration:

To register for this seminar, please click here.

Registration can also be done through our online store.

Bundle prices available.  Contact us for further information.

  • The Definitions of customer due diligence (CDD) and Know Your Customer (KYC)
  • When should CDD measures be applied?
  • Procedures for the prevention of ML and TF
  • The relationship between customer due diligence (CDD) and Risk based approach
  • Identification procedures and customer due diligence (CDD)
  • Customer risk factors: Product, service, transaction or delivery channel risk factors Geographical risk factors
  • Simplified Customer Due Diligence (SDD)
  • Certain low risk indicators
  • Enhanced Customer Due Diligence (EDD)
  • The reason and purpose of enhanced due diligence (EDD) for politically exposed persons ( PEP)
  • Certain High Risk Indicators
  • Ongoing Monitoring
  • Review of the KYC and CDD Requirements
  • Reliance on third parties