Effective AML Due Diligence for the Regulated Sector - Processes & Risk Mitigation

Introduction

This new virtual classroom seminar is designed to provide MLROs and compliance officers with the essential knowledge and skills needed to conduct effective AML due diligence in various business contexts.

Expert speaker Sarah Adenaike will provide you with a comprehensive grounding in the practical aspects of AML due diligence, including the methodologies and best practices necessary for thorough investigation and risk mitigation.

This session will empower you to implement robust AML due diligence practices that meet regulatory standards, and which effectively safeguard your organisations against potential risks.

The training is suitable for professionals in the UK and internationally, including risk managers who are involved in client onboarding, risk assessments and compliance processes, KYC analysts, and those looking to begin or advance their careers in AML and compliance.

What You Will Learn

This live and interactive session will cover the following:

• Understanding Due Diligence
• Defining due diligence
• Exploring the importance of due diligence in the context of risk management and compliance, including the different types of due diligence (customer, transactional, and enhanced)
• Practical Techniques
• How to conduct effective due diligence by applying the risk-based approach, including gathering and verifying information, assessing risk levels, and documenting findings
• Regulatory Requirements
• Local and international regulations governing due diligence processes, including AML/CFT obligations and the role of regulatory bodies
• Risk Mitigation Strategies
• Best practices for identifying and mitigating risks associated with clients and transactions, such as ongoing monitoring and periodic reviews
• Utilisation of Technology
• Exploring compliance tools and technology solutions that enhance the due diligence process, for example automated screening, and reporting capabilities

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.