Global Learning for Operational Leaders
Introduction
Course overview
Knowing who your customers are, who ultimately owns or controls them and what activity to expect from them is the foundation of financial crime prevention. Weak customer due diligence allows criminals to launder money, finance terrorism, evade sanctions and commit fraud, and has led to some of the largest regulatory penalties in recent years.
This Know Your Customer and Customer Due Diligence training course provides a thorough, practical understanding of risk-based customer due diligence. Participants learn how to identify and verify individuals and legal entities, establish beneficial ownership, assess customer risk, apply simplified and enhanced due diligence, handle politically exposed persons and maintain due diligence through ongoing monitoring and periodic review.
The course is relevant to banks, payment providers, insurers, investment firms and the many non-financial businesses that now have customer due diligence obligations.