Target Audience

CSP Officers.
Programme Standards

- Maximum 6 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR248 ex VAT per participant.
AML CDD and EDD  Workshop

These topics provide a foundation for understanding the key principles, practices, and challenges associated with AML, CDD, and ECDD, empowering participants to develop and maintain effective compliance programs within their organisations.
Topics Covered

1.  AML Regulations and Compliance Framework:
   - Overview of AML laws, regulations, and guidelines at the national and international levels, such as the USA PATRIOT Act, FATF recommendations, and local regulatory requirements.
   - Understanding the roles and responsibilities of financial institutions and other regulated entities in combating money laundering and terrorist financing.
   - Compliance obligations, reporting requirements, and penalties for non-compliance with AML regulations.
   - Implementing an effective AML compliance program, including policies, procedures, and risk assessment frameworks.

2.  Customer Due Diligence (CDD) Procedures: 
   - Importance of CDD in identifying and mitigating money laundering and terrorist financing risks.
   - Types of CDD measures, including identity verification, risk assessment, and ongoing monitoring of customer activities.
   - Differentiating between standard CDD and enhanced CDD requirements based on customer risk profiles and transactional characteristics.
   - Implementing robust CDD processes, including KYC (Know Your Customer) procedures, screening for politically exposed persons (PEPs), and source of funds/source of wealth analysis.

3.  Enhanced Customer Due Diligence (ECDD) Techniques: 
   - Understanding when and why enhanced due diligence is necessary, such as for high-risk customers, complex transactions, or politically exposed persons (PEPs).
   - Factors and indicators that may warrant enhanced due diligence, including unusual transaction patterns, high-value transactions, and geographic risk factors.
   - Enhanced CDD procedures, such as enhanced identity verification, additional documentation requirements, and more extensive background checks.
   - Balancing the need for enhanced due diligence with customer experience and privacy considerations to ensure compliance while maintaining positive customer relationships.

4.  Technology and Tools for AML/CDD Compliance: 
   - Leveraging technology and data analytics for AML/CDD purposes, including automated transaction monitoring, customer risk scoring, and sanctions screening.
   - Role of artificial intelligence (AI) and machine learning in detecting suspicious activities and enhancing risk assessment capabilities.
   - Implementing AML/CDD software solutions and tools to streamline compliance processes, improve efficiency, and reduce manual effort.
   - Challenges and best practices for integrating AML/CDD technology with existing systems, ensuring data security, and managing regulatory expectations.