[ONLINE] Source of Wealth vs. Source of Fund – A Practical Approach- 3 March 2022

Establishing and understanding a customer’s Source of Wealth (SOW) and Source of Funds (SOF) is an important part of the due diligence process undertaken as a customer is taken on. Consequently, the importance of maintaining an understanding of a customer’s SOF and SOW throughout the lifecycle of the customer relationship, particularly where new monies enter the relationship, cannot be overstated. This seminar shall look into the two concepts from a practical approach and shall delve into the difference between the two and what documentation may be collected and when in order  to satisfy AML obligations.

Instructed by: Elizabeth Borg. in:

Seminar Description

Seminar Description

Establishing and understanding a customer’s Source of Wealth (SOW) and Source of Funds (SOF) is an important part of the due diligence process undertaken as a customer is taken on. Consequently, the importance of maintaining an understanding of a customer’s SOF and SOW throughout the lifecycle of the customer relationship, particularly where new monies enter the relationship, cannot be overstated. This seminar shall look into the two concepts from a practical approach and shall delve into the difference between the two and what documentation may be collected and when in order  to satisfy AML obligations.

CPE

Qualifies for 1.5 CPE CORE hours.

Seminar Fee

The seminar fee is €40.00.  The fee covers seminar participation and access to event resources. The link to join the seminar will be sent closer to the seminar 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

 

About Speaker

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Elizabeth Borg

Speaker

Dr. Elizabeth Borg LL. B, L.L. D., LL.M. (Turin) is a Director of Legal and Compliance at Dixcart Management Malta Limited. Dr. Borg has worked ias Compliance manager for the last 3 years and was appointed as Money Laundering Reporting Officer (MLRO) in 2018. Apart…