Training Objectives

By the end of the programme, participants will:

• Understand what risk means and how it is assessed especially in the context of high-risk clients  
• Be able to apply a risk-based approach in KYC for high-risk clients  
• Understand risk ownership of client-related risks 
• Learn about best practices to handle high-risk customers 
• Apply their new-found skills in near to real scenarios 

Training Outline

• What is risk? 
• ML/TF risk assessment for high-risk clients 
• Risk appetite and risk tolerance 
• Risk strategies for high-risk clients 
• Customer risk rating methodology (CRRM) 
• High risk factors 
• EDD 
• Customer-risk ownership 
• Client-related metrics and controls 
• De-risking 

Who Should Attend

• Money Laundering Reporting Officers (MLROs) 
• AML Officers 
• Compliance Officers 
• KYC analysts 
• Front office staff dealing with high-risk clients (e.g. wealth management, investment advise) 
• Management of obliged entities 
• Internal/external auditors 
• Consultants 
• In-house counsel 
• Investment specialists 
• Wealth management company staff: on-boarding and other professionals up to Executive level 
• CFO’s 

Training Style 

• The course takes a thorough and practical delivery approach.  It uses presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity. 

• Learning tools will be introduced that will proof to be highly valuable practical use in the organisation.  

CPD Recognition

This programme may be approved for up to 6 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 6 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.