Politically Exposed Persons - The Risks & Regulations Explored

Introduction

This webinar will provide professionals with crucial insights into the identification, assessment, and management of risks associated with Politically Exposed Persons (‘PEPs’).

It will be particularly beneficial for AML officers, compliance officers, and professionals involved in client due diligence/KYC and risk management.

You will gain a thorough understanding of the unique risks posed by PEPs, the regulatory landscape governing their treatment, and effective strategies for risk mitigation.

The webinar is relevant for a global audience, including professionals in the UK and internationally.

After viewing this webinar, you will be better equipped to protect your organisation from potential financial crimes involving PEPs and ensure compliance with regulatory expectations.

What You Will Learn

This short webinar will cover the following:

• Understanding PEPs - What is a PEP? The categories of PEPs, including foreign and domestic PEPs, and their significance in financial services
• Risk assessment techniques - How to identify PEPs, assess their risk levels, and apply enhanced due diligence measures tailored to their profiles
• Regulatory framework - Local and international regulations concerning PEPs, including FATF recommendations and specific compliance obligations for financial institutions
• Mitigation strategies - Best practices for managing risks associated with PEPs, including monitoring and the implementation of effective internal controls
• Utilisation of technology - Compliance tools and technology solutions that facilitate the identification, monitoring, and reporting of PEP-related risks

This webinar was recorded on 25th November 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.