This webinar will explain the process of customer due diligence and enhanced due diligence. It will cover customer onboarding, sources of funds and wealth, customer questionnaires including financial institution’s core competencies.
This webinar will provide clear understanding of the process of due diligence and enhanced due diligence from the man who wrote the book. It will focus on the elemental concepts of Due Diligence and KYC - to avoid bad customers, getting fined, or worse.
Why Should You Attend:
Proper due diligence provides a company with a tactical and strategic advantage over competition. Who does not want better customers and fewer regulatory concerns?This webinar will provide clear understanding of the process of due diligence and enhanced due diligence from the man who wrote the book. It will focus on the elemental concepts of Due Diligence and KYC - to avoid bad customers, getting fined, or worse.
Areas Covered in the Webinar:
- A clear definition of Due Diligence, from the man who wrote the book
- Customer onboarding, what do you need to know, what should you ask
- Source of funds and wealth
- Customer questionnaires - original and supplemental
- A matrix for due diligence efforts and expenditures
- Stale data and beneficial ownership changes coming
- Understanding the customer’s business
- Resources for research and getting answers
- What are the financial institution’s core competencies
- Not all cash is bad and not all wires are clean
- The reality - we are trying to police streams of money, it’s a new job
- Setting it up to get it all wrong - warning signs
- The future of service and customers
- Where practical case studies will be used to illustrate the points to be made
Who Will Benefit:
- Compliance Consultants
- Risk Managers
- Any Branch or OSJ Manager
- Lawyers
- Accountants in the Financial Field
- Members of Audit Committee and Risk Committees
- Regulators
- Securities Broker Dealers
Course Provider
Burke Files,
