[ONLINE] Navigating Risk: Managing PEPs & High Risk Jurisdictions – 26 February & 05 March

Session 1 (26 Feb): Enhancing Due Diligence for Politically Exposed Persons (PEPs)

Identifying and managing Politically Exposed Persons (PEPs) is an essential element of a robust AML/CFT framework. Although PEP status does not imply wrongdoing, it does raise the inherent risk level of a business relationship. This webinar provides a practical, step-by-step understanding of when enhanced due diligence is necessary and how it should be implemented effectively. Participants will explore the regulatory landscape, learn how to accurately identify PEPs, their family members, and close associates, and understand the challenges that often arise when applying a risk-based approach. The session also examines current regulatory developments and offers guidance on ongoing monitoring practices that support strong compliance.

Session 2: (5 Mar): Enhancing Due Diligence (EDD) for High Risk & Non-Reputable Jurisdictions.  

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

Instructed by: Elizabeth Sammut Borg. in: Uncategorized

Seminar Description

Session 1 (26 Feb): Enhancing Due Diligence for Politically Exposed Persons (PEPs)

Overview: Identifying and managing Politically Exposed Persons (PEPs) is an essential element of a robust AML/CFT framework. Although PEP status does not imply wrongdoing, it does raise the inherent risk level of a business relationship. This webinar provides a practical, step-by-step understanding of when enhanced due diligence is necessary and how it should be implemented effectively. Participants will explore the regulatory landscape, learn how to accurately identify PEPs, their family members, and close associates, and understand the challenges that often arise when applying a risk-based approach. The session also examines current regulatory developments and offers guidance on ongoing monitoring practices that support strong compliance.

Topics Covered:

• Regulatory framework governing PEPs
• Definition and categories of Politically Exposed Persons
• Identifying family members of PEPs
• Identifying close associates of PEPs
• Methods and tools used to determine PEP status
• Applying a risk-based approach to PEP due diligence
• Enhanced due diligence measures for PEP relationships
• Ongoing monitoring of PEP-related business relationships
• Eu AML Regulation updated

Target Audience:  Subject persons, Compliance officers, Client-facing employees, MLROs, Monitoring functions, Directors of subject persons, Compliance executives

Why Attend? Entities dealing with Politically Exposed Persons are required to maintain clear and effective procedures for identifying PEPs and determining how they should be treated from a risk perspective. Implementing these procedures can be challenging, particularly within a risk-based framework. This webinar provides participants with the knowledge and practical skills needed to perform enhanced due diligence proportionate to the risks involved. It also highlights the latest regulatory developments relating to PEP management, ensuring attendees remain aligned with current expectations and best practices.

Session 2: (5 Mar): Enhancing Due Diligence (EDD) for High Risk & Non-Reputable Jurisdictions.       

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

Key topics include:

• Clearly distinguishing between high-risk and non-reputable jurisdictions and understanding why these terms are often conflated in AML (Anti-Money Laundering) contexts.
• Using a risk-based approach to analyse the complexity, size, and nature of transactions from high-risk jurisdictions.
• Enhanced scrutiny of customer identity, source of wealth, and transactional behaviours in such cases.
• Regulatory guidelines on EDD for high-risk jurisdictions as outlined by global and local bodies, like the FATF and European Union.

CPE

Qualifies for 4 CPE Core hours

Course Fee

The course fee is €120 (Indiv. Session Eur. €70) For Non-Members €110 (Indiv. Sessions €60) For Members. 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