ΠΕΡΙΓΡΑΦΗ

Customer due diligence (CDD) and Know Your Customer (KYC) are at the heart of Anti-Money Laundering (AML). In today’s demanding environment,  is required for the service providers in order to comply with AML / KYC requirements, to establish that their clients are who they say they are and have been transparent about the nature of their business. The inadequacy of customer due diligence can lead an organization to the facing of significant risks such as reputational, operational, legal risks, and sanctions.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

This seminar is designed to offer a thorough understanding, for the junior staff up to the Board of Directors, regarding the followings:

• The Definitions of customer due diligence (CDD) and Know Your Customer (KYC)
• When should customer due diligence (CDD) and Know Your Customer (KYC) measures be applied?
• Procedures for the prevention of ML and TF
• The relationship between customer due diligence (CDD) and Risk-based approach
• Simplified Customer Due Diligence (SDD)
• Enhanced Customer Due Diligence (EDD)
• Explain the reason and purpose of enhanced due diligence (EDD) for politically exposed persons ( PEP)
• Ongoing Monitoring
• Reliance on third parties

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

AML/Compliance Officers, Heads of Compliance Departments, Heads of Risk Management Departments, Heads of AML Departments, Back-office Staff, Compliance Staff, Risk Management Staff, AML Staff, Internal Auditors, External Auditors, Executive Directors, Non-Executive Directors, Regulatory Compliance Advisors/Consultants, Corporate service providers, Funds and Fund Managers,FX , Binary Options and Ifs, Bankers

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Seminar Topics

• The Definitions of customer due diligence (CDD) and Know Your Customer (KYC)
• When should CDD measures be applied?
• Procedures for the prevention of ML and TF
• The relationship between customer due diligence (CDD) and Risk based approach
• Identification procedures and customer due diligence (CDD)
• Customer risk factors: Product, service, transaction or delivery channel risk factors
• Geographical risk factors
• Simplified Customer Due Diligence (SDD)
• Certain low risk indicators
• Enhanced Customer Due Diligence (EDD)
• The reason and purpose of enhanced due diligence (EDD) for politically exposed persons ( PEP)
• Certain High Risk Indicators
• Ongoing Monitoring
• Review of the KYC and CDD Requirements
• Reliance on third parties
• QUESTIONS & ANSWERS

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.