Advanced Due Diligence

Advanced Due Diligence

A two day course to improve performance in due diligence.

"It's not about the paper and it's not about the money. It's about the people."

Our highly interactive events enhance comprehension and thereby facilitate increased performance and accuracy by delegates.

Course information:

In the same way as when we first discussed the concept of hawala transactions as a money laundering threat in 1998 and phishing trends in 1997, the course will identify new risk areas where we believe financial crime will develop.

The course will also introduce the 'human approach' which we believe will stir up a storm in the industry.

Here you are:

*Day One: Advanced Due Diligence - a Human Approach*

An unprecedented Course to redefine Advanced Due Diligence

The Course does not deal with documentary identification, watch lists and routine transaction monitoring. It uses a mix of case studies, mind-challenging exercises and tests to disclose how criminals can exploit human weaknesses to bypass your entire due diligence systems and controls and how criminals manipulate people and systems to get past your front-liners and sales staff and negate your AML /CFT training.

The Course redefines 'Advanced Due Diligence' based on human interaction and psychological behaviours. In this Course, you will come across techniques that will help you identify false information - even before trying to verify it using official channels, giving you early warning and to identify potential fraudsters and money launderers from non-financial data.

With approaches derived from psychology and related fields, this Course will challenge perceptions and cause a serious re-think of how you and your organisation set rules to identify suspicious transactions and

*Day Two: Dealing with high-risk customers, jurisdictions and other parties

We will draw special attention on the latest changes by the FATF in February 2012 and to evaluate how the new changes impact upon you and your business.

We will look at a range of risks which require the application of advanced due diligence and additional monitoring.

All of this means that Compliance Personnel are subject to rapid change both within their countries of operation and crucially, in the countries where their clients do business.

Topics include the changing role of the compliance officer and the increased AML / CFT obligations, personal risks and liabilities he/she faces.

*Course Leader*

Nigel Morris-Cotterill is recognised as one of the world's leading counter-money laundering strategists: he sees, often several years in advance, issues that will affect the way your institution designs and implements its compliance regime.

Money laundering risks that Nigel explained in the mid 1990s and which were then seen as peripheral or even non-existent are now regarded as mainstream methods of laundering.

Nigel is frequently invited to speak at and chair conferences all over the world. He is highly regarded by the international media by which he is frequently interviewed

In 1995, Nigel introduced the concept of risk assessment and management into counter-money laundering systems. Now regulators require all institutions to undertake customer assessments on a risk-assessed basis.

In 1998, he warned of risks in hawala-type transactions: now countries are clamping down on such systems.

In 1997, he first warned of techniques for fraud and money laundering on the internet, including copying websites and sending letters to invite people to place their details into those fake websites: now phishing is a pandemic.

So, what is his next forecast for the new money laundering trend that one day, you will wish you had been there to hear?

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