Customer Due Diligence Masterclass

The course provides a best practice and practical step by step guide to conducting customer due diligence (CDD) within the evolving financial crime (money laundering, sanctions, tax evasion, terrorist financing) environment, and with due regards to the international legal and regulatory framework.

• The course focuses on providing participants with a comprehensive framework for executing risk-based customer due diligence as the primary method of managing financial crime risks
• The course is designed to provide a systematic and comprehensive analysis of the legal and regulatory guidelines that firms must follow when managing money laundering, sanctions, tax evasion and terrorist financing risks
• The course covers best practices in the governance, risk management and internal control of the said financial crime risks
• The course includes numerous cases studies, exercises and discussion points, and as such will be highly practical and interactive
• The course is developed and delivered by a professional trainer with extensive experience in the banking industry covering risk, audit and financial crime training across all major business and product lines, and who has delivered financial crime training in over 40 countries

Participants will develop a greater appreciation and understanding of the:

• Importance of customer due diligence in deterring, detecting and protecting against financial crime risks
• Importance of the governance, internal control and culture in managing financial crime risks
• International legal and regulatory framework within which customer due diligence is required to be conducted
• Incorporation of that framework into local laws and customer risk management practices
• Specific high risk customer, product, geographic and business threats and challenges
• Framework for corporate risk based assessment required for a holistic approach to managing money laundering, sanctions, tax evasion and terrorist financing risks
• Escalation and ongoing threat management procedures in managing financial crime risks