Course Outline

The course covers:

• Analysing the obligation to conduct customer due diligence

• The risk based approach to customer due diligence - to include:
  - Obtaining adequate customer due diligence information
  - Creating a customer due diligence profile
  - Evidencing source of funds and wealth
  - Effective evaluation of customer due diligence
  - Undertaking a customer risk assessment
  - The need to update customer due diligence and customer risk
  assessments
• Enhanced customer due diligence for:
  - Politically Exposed Persons (PEPs)
  - Higher risk customers
• Practicalities
• Obligation to identify and verify the applicant for business
  - Individuals
  - Trustees
  - Legal bodies
  - Agencies
  - Non face to face
• Exceptions to CDD
• Barriers to effective CDD
• Practical demonstration using state of the art CDD software.

Course Objectives

This course addresses the factors involved in the CDD process and the obligation on financial services business staff to identify and verify an applicant for business.

Target Audience / Entry Requirements

Having attended this course delegates will be equipped to undertake their CDD obligations under statute and the handbook, together with obtaining a greater understanding and appreciation of the risk based approach and how CDD works as an essential risk management function.