COMSURE TRAINING - CLIENT ONBOARDING & BUILDING A DOCUMENTED RISK-BASED CDD PROCESS

The following training programme is popular with Comsure clients. If you are interested in running the same in your organisation, email yes@comsuregroup.com

OVERVIEW

1. Prevention of Money Laundering [AML], Terrorist Financing [CTF], proliferation financing [PF], and or economic sanction [ES] risk [Financial Crimes (AML/CTF/PF/ES)] lies in the account opening stage.
2. Therefore, a firm's account opening needs to emphasise complete and robust Customer Due Diligence (CDD)

OBJECTIVES

1. Accordingly,  Comsure has developed this workshop to meet the needs of today's current Financial Crimes personnel and Compliance professionals responsible for conducting Customer Due Diligence when onboarding.
2. Focusing on the Risk-Based Approach (RBA), the workshop provides participants with a thorough guide to conducting effective due Diligence and meeting the regulatory requirements concerning AML/CTF/PF/ES.

COURSE OUTLINE

1. The workshop begins with an update on AML/CTF/PF/ES
   • International best practices,
   • Laws & regulations and
   • Case studies
2. The workshop will
   • Consider the role customer-facing staff play in detecting suspicious activity during the onboarding process and then on an ongoing basis,
3. The workshop-style programme uses a variety of teaching methods, including
   • Relevant case studies to test participants' understanding of AML procedures.
   • Illustrative examples and participant interaction to help participants quickly grasp and internalise new knowledge.
4. The workshop is highly interactive, and participants can discuss and question illustrative examples and real-life case studies to gain a practical understanding of all these issues.

IN-HOUSE TAILORED

1. For in-house training clients, Comsure will, if so directed, tailor the training and use policies and procedures from the instructing client.

COURSE DETAILS

1. AML/CTF/PF/ES Update
2. Offences & Penalties  & cases
3. UNDERSTANDING RISK
   • AML/CDD requirements on documentation for all risks – low, moderate and high
4. Business
   • Risk Analysis  [BRA]
   • Risk appetite
   • Risk strategy
5. ID&V
6. Profiling
7. Customer Risk Assessment [CRA]
   • Natural person
   • Legal person/arrangement [complex]
     • Complex structures – Trusts and Corporates
   • Customer & enhanced Due Diligence
   • Records
     • Regulatory required documentation
   • Recognising & Reporting Suspicious Activity

CPD TIME =

• 3HRS

COST =

• For all standard Comsure face-to-face [live/remote] training [e.g. AML/COMPLIANCE/MLCO Updates], Comsure's minimum fee is £900 for up to a maximum of 20 persons for up to 3hrs [https://www.comsuregroup.com/our-fees/]