Key Details

Duration: 1 Day Location: City of London Price: 545 GBP per person
Upcoming Dates: 04 Jun 2019 ,  19 Sep 2019 ,  15 Nov 2019

Overview

Onboarding new clients represents arguably the greatest money laundering and / or terrorist financing risk to any financial institution. Accordingly, any compliance officer must have a good, practical understanding of the risks, red flags, procedures and controls that are relevant to managing onboarding new clients.The workshop addresses the entire onboarding...

Onboarding new clients represents arguably the greatest money laundering and / or terrorist financing risk to any financial institution. Accordingly, any compliance officer must have a good, practical understanding of the risks, red flags, procedures and controls that are relevant to managing onboarding new clients.

The workshop addresses the entire onboarding process on a holistic basis. It covers the business risk assessment, the customer risk assessment, key aspects of CDD, reporting and training. 

For those who have already attend the CCL Academy course AML Risk-based Methodology & Assessment Workshop this some aspects will be repeated in this course.

Who is this for?

This course is designed for those with responsibility for ensuring the firm complies with its legal and regulatory obligations in relation to AML. This could include Senior Managers, MLROs, Deputy and Assistant MLROs, Compliance Officers and Internal Auditors.

  • AML Recap
  • The business risk assessment
  • Customer risk assessments
  • Key aspects of Customer Due Diligence
  • Reporting and records
  • Suspicious Activity Reporting
  • Training
  • Explain the key aspects of the onboarding process
  • Identify key risk points
  • Describe appropriate onboarding controls
  • Describe red flags