Conducting Due Diligence

The cornerstone of the fight against crime, terrorist financing and sanction evasion is understanding clients, and conducting effective customer due diligence (CDD) is therefore a critical skill and competency.

In this workshop delegates will be provided with help and guidance to develop an enhanced understanding and competency in how to assess and manage financial crime risks relating to customers, who may be natural persons or legal entities.

The very latest regulatory requirements concerning customer due diligence will be covered and will include consideration of how the implementation of those requirements has impacted upon operational activity.

During the session, delegates will also learn more about the lifecycle of financial crime risk management according to the risk-based approach, and how to conduct effective due diligence checks whilst balancing customer service and commercial responsibilities.

By the end of this workshop you will be able to:

Describe some of the latest typologies used to disguise criminal identity and move value including muling, smurfing and the use of fraud identity documentation
Explain the very latest UK and international regulatory developments concerning CDD and how these impact upon a regulated firm’s policies and procedures
Conduct a risk-based assessment of risks using international sources of guidance and information
Identify higher risk profiles and scenarios, including PEPs and undisclosed beneficial ownership
Demonstrate how to unusual indicators (red flags) to identify and report unusual activity

Take this training in house:

This workshop is also available as an in-house programme, which means you can tailor it to exactly what you and your colleagues require. Pricing for in-house will depend on what is required. Enquire about this option by contacting our training team.

Area of expertise:

Economic crime

Martin Allen

A lengthy, highly successful and varied career in Barclays bank has been the perfect springboard to martin becoming an exceptional consultant, not onl...

A lengthy, highly successful and varied career in Barclays bank has been the perfect springboard to martin becoming an exceptional consultant, not only within financial services but across a broad spread of clients in the UK, Europe, Africa, the Middle East and in the Caribbean.

His training expertise which began over 30 years ago (interspersed with senior management roles) has developed unparalleled:

• Knowledge and experience in his areas of expertise

• In compliance – especially in financial crime prevention focusing on anti-money laundering (AML), combating terrorist financing (CTF), fraud and identity theft

• Across all aspects of traditional retail and corporate banking and exposure to investment banking, international banking (especially “off-shore”) and private banking

• Communication and inter-personal skills:

• With staff at all levels in organisations from inductees to board members

• With course delegates on training events from the purely practical – ensuring that procedures are followed correctly – through all aspects of management and leadership skills, to advanced facilitation

• Consistent high-quality feedback shows that he’s equally at ease engaging with new inductees as he is challenging the thinking of senior executives

He has particular expertise in financial crime prevention where he is widely acknowledged as a subject matter expert thanks in no small part to wide and deep exposure to the development of anti-money laundering / know your customer (AML /KYC) and countering terrorist financing (CTF) solutions both during his time at Barclays and since. This exposure has involved inter alia the development and delivery of policy, procedure, training and communication on the identification and prevention of money laundering, terrorist financing, fraud, identity theft and “phishing” both in the UK and in overseas jurisdictions.

All operational risk professionals including financial crime compliance (FCC) and money laundering practitioners at an introductory level
Representatives of other non-banking designated financial service businesses; including lawyers, accountants, real estate professionals and representatives from money service bureaus, e-payment providers, high value dealers and the gambling sector

UK Finance search

Search form