Training Objectives

By the end of the programme, participants will be able to:

• Explain what the risk-based approach is
• Understand the main elements of the risk-based approach
• Learn how the risk-based approach is applied on a company level and on a customer level
• Apply the risk-based approach when conducting CDD

Training Outline

• Understanding the risk-based approach
• International Standards with regards to risk-based approach application
• Business-wide risk assessment
• Customer risk assessment
• The risk-based approach in CDD
• CDD in low and high risk situations

Who Should Attend

The programme is addresses to:

• Directors
• Executive Management
• Compliance Officers / Assistant Compliance Officers
• Employees of obliged entities dealing with KYC/CDD
• AML Officers
• Back-office stuff
• Customer onboarding staff

Training Style

The programme is designed to enable the participants to understand how money-laundering and terrorist financing risks are assessed within an organization and how companies are using the results of their business-wide risk assessments to decide on the extent of CDD to be applied on each individual business relationship. The programme will include practical examples to help the participants understand how to apply the risk-based approach in AML.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation & 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.