Enhancing Due Diligence & KYC Procedures in Financial Services

Introduction

This live and interactive session will provide you with a detailed understanding of Enhanced Due Diligence (‘EDD’) and Know Your Customer (‘KYC’) procedures, their importance in combatting financial crimes and best practices for implementation.

This session is suitable for anyone who is involved in the KYC function including compliance officers, risk management professionals, financial services executives, legal advisors, and AML/KYC analysts and professionals, as well as anyone else looking to move into similar legal-adjacent functions.

What You Will Learn

This live and interactive course will cover the following:

• The definition and importance of KYC and KYC procedures
• The definition and purpose of EDD
• Situations requiring EDD: High-risk customers, Politically Exposed Persons (‘PEPs’), high-risk countries and large transactions
• Key procedures of EDD: Collecting detailed customer information, identifying beneficial owners, verifying the source of funds and conducting enhanced identity checks
• Implementing effective EDD and KYC procedures
• Best practices for conducting EDD and KYC including the tools and technologies to enhance due diligence processes
• Common challenges and how to overcome them
• Real life examples

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.