Higher Risk Customers are those who are engaged in certain professions or linked to higher-risk countries or high risk business sectors where money laundering possibilities are high. Checking persons and/or companies on PEP’s and Sanction Lists is obligatory for compliance departments to execute proper due diligence when it comes to onboarding/monitoring clients. This training is designed to help you understand which clients you should classify as high risk, how to perform PEP and Sanctions list checks and how to deal with your high risk clients.

Topics

• Who are considered High Risk Clients

• PEP, Sanction lists and Adverse Media Checks (Filtering Controls)

• Enhanced Due Diligenc factors

• Client monitoring and mitigation Measures

Goals

• Importance of Client Risk Classification

• Understanding who are your High-Risk Clients

• How to perform EDD

• How to apply a Risk Based Approach to

Target group

• Compliance Officers

• Reporting Officers

• Board members

• Business Owners

• Employees