AML/CTF Client Onboarding

How to identify and manage high-risk customers?

Poor identification of high-risk customers can have damaging consequences for your business: reputational risk, AML/CFT compliance risk, etc. In addition, AML/CFT procedures can be very costly to implement.

How can you ensure that your procedures to identify and manage high-risk customers are effective?

During this webinar, our experts will share their best practices to identify high- risk customers:

• The importance of defining risk appetite as part of the Risk Based Approach
• Don’t forget to organize self-risk-assessment on a regular basis to include significant new risks
• Define clear processes to approve new high-risk relationships
• How and when to conduct a client due diligence procedure?
• How to deal with hard-to-identify clients such as shell companies and Ultimate
• Beneficial Owners (UBOs)?
• Set up of a periodic review of high-risk clients
• Monitor transactions of high-risk customers: generate alerts when activity on
• the account is unexpected or indicate potential AML/CTF risks
• Use the good tools and train your staff

Join the experts for a live & interactive webinar with poll questions and ask all you wish to know on the matter during the Q&A.

Audience:

AML responsible and colleagues, Compliances Officers, KYC Specialist, MLRO, AMLCO, Secretary General, Legal counsel, Head of Risk & Compliance, Management, Specialised consultants, Lawyers, etc.

*This webinar is part of the AML PACK 2023 offer. If you are registered for the AML PACK 2023 you are automatically registered for this webinar.