Client Onboarding & Risk Based CDD Workshop
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.
This 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.
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.
Learning Outcomes
After attending this course, participants will be able to:
- Explain the key aspects of the onboarding process
- Identify key risk points
- Describe appropriate onboarding controls
- Describe red flags
Course Details
- AML recap
- The business risk assessment
- Customer risk assessments
- Key aspects of Customer Due Diligence
- Reporting and records
- Suspicious Activity Reporting
- Training
Delivery
All of CCL Academy’s public courses are delivered virtually using Zoom.
Firms with more than 5 staff to train have the flexibility to deliver training in-person by one of our trainers at your premises, or virtually via Zoom, Teams or Webex.
Find out more about your Virtual or In-Person training experience below.
Virtual Delivery
Our virtual training courses are designed to be every bit as engaging as our in-person courses. To achieve this, our trainers use market-leading technology and a range of training techniques to ensure high levels of interaction with participants. Courses include the use of:
- Virtual ‘break-out’ rooms: participants are divided into virtual rooms to facilitate small group discussion.
- Polling: multiple-choice questions, answered anonymously, allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to highlight the practical application of theoretical knowledge.
- Messaging: participants can submit questions and comments, either to the whole group or privately to the trainer.
Additional Benefits:
-
Recording: public course participants have the option to access a recording of the course for one month after the course. In-House clients also have the option to record their training for an additional fee.
-
On-going Q&A: public course participants can access an ongoing Q&A facility allowing them to ask questions relating to the course.
In-Person Delivery
Our in-person training is delivered face to face at your offices, and includes:
- ‘In-the-moment’ questions & discussions: questions through conversations allow the trainer to assess knowledge and understanding across the group.
- Case studies: true to life case studies and scenarios are used to explore practical application of theoretical knowledge.
- Q&A: participants can ask questions during training, either to the whole group or privately to the trainer.
