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AML, KYC, CDD: The Effective Application of a Risk-Based Approach
Booking options
€140 - €260
Dates
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- Delivered Online• to
- Delivered Online• to
Highlights
Live Online
6 CPD Units | 6 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
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
Course Overview
The risk-based approach is an important element in designing an effective anti-money laundering program. Employees are required to understand how the risk-based approach must be applied to effectively mitigate the exposure of the company with regards to money laundering and terrorist financing.
This course will help the participants to understand what the risk-based approach is, how it is applied on a business level and learn how to apply it when assessing the extent of CDD measures to be applied for each customer.
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 6 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 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.
Facilitators
Holger Pauco Dirscherl
Holger Pauco-Dirscherl is an experienced and passionate Senior Financial Crime Prevention Professional with a unique blend of international knowledge, expertise and experience and fluent in English together with a good reputation in the national and international Financial Crime Prevention field. He holds an MBA from The Open University Business School and is certified as CAMS, CGSS, CAMS-Audit, CFE and CFCS. He worked in different operational and managerial roles within Financial Crime Prevention covering all areas such as AML, CTF, Fraud, Sanctions and ABC as well as KYC/CDD, KYE, Cross-Border Compliance, International Information Sharing, FATCA and other Compliance topics and including auditing all such topics.. Within these areas he covered both operational activities such as Procedures, Trainings, Monitoring, Screening and Controls as well as strategic activities as Risk Assessments, Policies, Projects and Framework build-ups within an ever changing local and global regulatory environment. Holger also investigated large, complex and international Money Laundering, Sanctions, Corruption and Fraud cases and identified suspicious activity and weak controls, processes, manuals and policies. Within his activities he offered pragmatic solutions to minimise Financial Crime and Regulatory Risk. He is also a recognized SME for Financial Crime Prevention heading the ACAMS Germany Chapter which he also founded, giving a wide range of trainings and acts as a speaker on conferences and symposiums both national and international.