Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Some 75 (OECD) – 91 (US) percent of the bribery and corruption settlements or convictions revolve around the use of third party intermediaries. Third party due diligence is therefore by far the most important anti-corruption control. If you can do only one thing in an anti-corruption program, it should be this. And while there are some similarities with a customer due diligence process, there are also important differences.
More-over, the upcoming EU legislation in respect of forced labour and environmental risks in the supply chain will broaden the scope of the third-party due diligence. During this training we will discuss the ECMC 8-step approach for third-party due diligence and practice using it. The training is interactive with lots of possibilities to ask questions.
Training Objectives
Participants of the programme, will be able to:
- Understand the importance of conducting third party due diligence
- Identify the relevant third parties
- Understand and apply the ECMC 8-step approach towards third party due diligence
- Use methods to mitigate or reduce risks
Training Outline
Theory
- Why it is important to conduct third party due diligence
- How to identify the third parties
- The ECMC 8-step approach towards third party due diligence
- How to mitigate or reduce bribery and corruption risks
- ESG risks
Practice
- Practice with one or more case studies
Who should attend
The course is ideal for professionals within the financial services sector, and will be particular benefit to:
- Compliance and Ethics Managers and Officers
- In-house counsel with responsibility for compliance
- Company secretaries
- Internal Auditors who audit compliance programmes
- External Accountants who have to form an opinion on compliance risks and controls
- Investigators
- Service providers to the compliance community
Training Style
The programme is designed to deliver knowledge and enhance participants’ skills, through an interactive approach that includes presentations, questions and answers, discussions, best practices and case studies.
CPD Recognition
This programme may be approved for up to 5 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 5 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.
Training Objectives
Participants of the programme, will be able to:
- Understand the importance of conducting third party due diligence
- Identify the relevant third parties
- Understand and apply the ECMC 8-step approach towards third party due diligence
- Use methods to mitigate or reduce risks
Training Outline
Theory
- Why it is important to conduct third party due diligence
- How to identify the third parties
- The ECMC 8-step approach towards third party due diligence
- How to mitigate or reduce bribery and corruption risks
- ESG risks
Practice
- Practice with one or more case studies
Who should attend
The course is ideal for professionals within the financial services sector, and will be particular benefit to:
- Compliance and Ethics Managers and Officers
- In-house counsel with responsibility for compliance
- Company secretaries
- Internal Auditors who audit compliance programmes
- External Accountants who have to form an opinion on compliance risks and controls
- Investigators
- Service providers to the compliance community
Training Style
The programme is designed to deliver knowledge and enhance participants’ skills, through an interactive approach that includes presentations, questions and answers, discussions, best practices and case studies.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation. 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 5 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.
