[ONLINE] Customer Due Diligence in Practice – Step-by -step Guidance in Applying CDD Procedures – 04 February

Step-by-step Guidance in applying CDD at onboarding, throughout the business relationships, and addressing common pitfalls.

Customer Due Diligence (CDD) is an essential process that enables businesses to accurately identify and verify their customers before conducting financial transactions. As regulatory expectations continue to evolve, organisations must implement robust identification and verification procedures to mitigate risks such as fraud, money laundering, and financial crime.

This session will focus on the practical application of CDD, particularly the identification and verification processes required to meet compliance standards effectively. Attendees will gain valuable insights into the latest regulatory requirements, industry best practices, and the challenges of executing thorough due diligence in real-world scenarios.

Specific Topics to Be Covered

• Introduction to CDD: Definition, objectives, and regulatory frameworks.
• Identification & Verification Procedures: Identification data required and methods for verifying customer and relevant party data. 
• Enhanced Due Diligence (EDD): When and how to apply stricter verification measures.
• Best Practices & Compliance: Practical strategies for implementing effective CDD procedures

Target Audience

• Subject Persons     
• Compliance officers     
• MLROs  Monitoring Functions      
• Directors of subject persons      
• Compliance executives