Enhanced Due Diligence

What You Will Learn

• 1 Understand the foundations of due diligence and its critical role in anti-financial crime compliance.
• 2 Analyze the global regulatory landscape including FATF, Wolfsberg, and local AML frameworks.
• 3 Apply risk assessment methodologies to categorize customers and transactions based on inherent and residual risk.
• 4 Implement standard Customer Due Diligence (CDD) procedures including identity verification and beneficial ownership.
• 5 Identify triggers for Enhanced Due Diligence such as high-risk jurisdictions, PEPs, and unusual transaction patterns.
• 6 Learn techniques for source of funds and source of wealth verification through documentation and third-party tools.
• 7 Screen and manage relationships with Politically Exposed Persons and sanctioned entities using watchlists.
• 8 Evaluate adverse media and reputational risk indicators within the EDD process.
• 9 Establish proper documentation, record keeping, and audit trails for regulatory compliance.
• 10 Explore emerging risks including complex structures, virtual assets, and technology-driven due diligence solutions.