Enhanced Due Diligence: Techniques, Tools and Challenges

    As companies grow and evolve in today’s rapidly changing business environment, they continuously face new sets of risk and challenges. Also, as global regulations proliferate, and as stakeholder expectations increase, organizations are exposed to a greater degree of compliance risk than ever before, increasing the risk that your company’s structures could be used to launder money. But developing systems and procedures to detect monitor and report the riskier customers and transactions will increase a company’s chances of staying out of harm’s way from criminals and from government sanctions and penalties

    It’s time you stepped up your AML Compliance program

    Take advantage of this unique opportunity to learn how to take your AML program to the next level. It is a unique chance to learn hands-on tools and techniques to enhance your skill set and elevate your compliance program.

    This day-long very rich in content and typologies:


    Topic 1

    Risk-based Customer Due Diligence: Understanding Customer categories & Peculiarities, Techniques and Tools for EDD

    • Who is your customer? Why do you need KYC? What is risk in

    KYC/CDD context and how is it measured?

    • How do you know your customer?

    • Research skills: Access, Explore, Organize and Present

    • Red flags

    • Case examples


    Topic 2

    Updating AML/CFT Models to Meet Global Ultimate Beneficial Ownership (UBO) Standards

    • Tailoring on-boarding and due diligence policies to flag potential UBO exposure
    • Using global data sharing and public registers to enhance monitoring for UBO risks
    • Creating internal systems to assure UBO alerts are escalated, investigated and resolved


    Topic 3

    Current Status and Issues of AML and Economic Sanctions: Evolving risk and its management

    • Tailoring sanctions compliance models to reflect unique institutional risks based on business lines, client profiles, geographic issues and transaction patterns
    • Utilizing emerging technologies to enhance entity resolution and provide robust implementation of sanctions changes
    • Integrating sanctions oversight into existing culture of compliance with staff training on identifying red flags, updating risk assessments and conducting enhanced due diligence
    • Performing independent sanctions model testing to ensure systemic integrity and identify and resolve any compliance oversight deficiencies



    Training will be facilitated by hands-on AML experts with many years of industry and regulatory experience.


    Date & Time

    28 March, 2018; 9 am – 5pm


    FCMB Training Academy

    70, Awolowo Road, opposite Total Filling Station, Keffi Junction, Awolowo Road, Ikoyi, Lagos



    NGN60, 000.00 per participant to cover training materials, tea break and lunch, payable to Mayflora Consulting Limited, account number 0022663941 at Stanbicibtc bank


    Who Should Attend

    Chief Compliance Directors, Chief Compliance Officers, Compliance Officers, Heads of Internal Audit, Heads of Control, Chief Risk Officers



    Contact:; +2349090006315; +2348099087333


    Size limit for each file is 100 MB

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