AML Due Diligence Course – 7 & 20 November

We will be delivering a 2-session course( 4 hours)  related to AML core practices. 

Session 1: ”CDD in Practice: Identification and Verification Procedures” will cover key aspects of Customer Due Diligence (CDD) focusing on practical identification and verification processes

Session 2: ”Dealing with Non-Reputable & High-Risk Jurisdictions” will focus on the practical application of Enhanced Due Diligence (EDD) for subjects engaging with clients or transactions involving high-risk and non-reputable jurisdictions.

Instructed by: Elizabeth Sammut Borg. in: Uncategorized

Seminar Description

We will be delivering a 2-session course( 4 hours)  related to AML core practices. 

Session 1 – 7 November 14.00-16.00: ”CDD in Practice: Identification and Verification Procedures” will cover key aspects of Customer Due Diligence (CDD) focusing on practical identification and verification processes. Topics include:

1.       Understanding Identification: The process of collecting relevant data to establish the identity of customers and other involved parties, such as beneficial owners. For individuals, this typically involves government-issued documents (e.g., passports), while for entities, the focus is on legal structure and ownership.

2.       Verification Methods: Ensuring the accuracy of collected information by validating it against reliable sources. This applies to both individuals (using documents like ID cards) and legal entities (through company registries and legal documentation).

3.       Risk-Based Approaches: A deep dive into applying different levels of due diligence depending on the customer’s risk profile. This includes Enhanced Due Diligence (EDD) for high-risk customers and Simplified Due Diligence (SDD) for low-risk scenarios.

4.       Red Flags and Risk Management: Identifying when additional scrutiny is needed, such as dealing with politically exposed persons (PEPs) or transactions from high-risk areas. Practical case studies and examples will help illustrate these points.

5.       Ongoing Monitoring: The importance of continuous due diligence to detect suspicious activities over time, ensuring compliance with AML regulations.

This webinar is designed to help professionals understand when and how to conduct CDD effectively and how to stay compliant with AML standards

Session 2- 20 November 09.00-11.00: ”Dealing with Non-Reputable & High-Risk Jurisdictions” will focus on the practical application of Enhanced Due Diligence (EDD) for subjects engaging with clients or transactions involving high-risk and non-reputable jurisdictions.

Key topics include:

1. Distinguishing between high-risk and non-reputable jurisdictions and understanding why these terms are often conflated in AML (Anti-Money Laundering) contexts.

2. Using a risk-based approach to analyze the complexity, size, and nature of transactions from high-risk jurisdictions.

3. Enhanced scrutiny of customer identity, source of wealth, and transactional behaviors in such cases.

4. Regulatory guidelines on EDD for high-risk jurisdictions as outlined by global and local bodies, like the FATF and European Union.

This session is designed to equip professionals with tools to apply EDD effectively, helping mitigate the risks of financial crime

Qualifies for  4 CPE CORE hours under the core competency area.

Course Fee

The course fee is €125 Non-Members €110 for Members. Individual sessions can be booked at €65 per session. The fee covers seminar participation and access to event resources. Login details will be provided closer to the date.

A receipt will be issued to all participants.

Event Resources

Participants will receive the event resources by email.

Additional Information

For more information, kindly use the following communication mediums:

T: 21 58 53 74   M: 77 01 17 19   E: info@skillsmalta.com      Webpage: www.skillsmalta.com