Effective AML Due Diligence for Corporates Entities & Beneficial Owners

Introduction

This new virtual classroom seminar is designed to provide MLROs and compliance officers with the essential knowledge and skills needed to conduct AML due diligence focused specifically on corporate entities and their beneficial owners.

Expert speaker Sarah Adenaike will provide you with a comprehensive grounding in the practical aspects of AML due diligence as it pertains to corporate entities and their beneficial owners, including methodologies, best practices, and the significance of understanding ownership structures.

This session will empower you to implement robust AML due diligence practices that meet regulatory standards, and effectively mitigate risks associated with corporate clients.

The training is suitable for professionals in the UK and internationally, including risk managers who are involved in client onboarding, risk assessments and compliance processes, KYC analysts, and those looking to begin or advance their careers in AML and compliance.

What You Will Learn

This live and interactive session will cover the following:

• Understanding Corporate Due Diligence
• Defining due diligence
• Exploring the importance of due diligence in the context of risk management and compliance, including the unique risks associated with corporate entities and their beneficial owners
• Beneficial Ownership
• How to identify and verify beneficial owners, understand their roles, and assess the implications of ownership structures on risk profiles
• Practical Techniques
• How to conduct effective corporate due diligence by applying the risk-based approach, including gathering and verifying information, assessing risk levels, and documenting findings related to corporate clients and their owners
• Regulatory Framework
• Local and international regulations governing corporate due diligence processes, including AML/CFT obligations and the specific requirements for identifying beneficial owners
• Risk Mitigation Strategies
• Best practices for identifying and mitigating risks associated with corporate clients and their beneficial owners, such as ongoing monitoring and periodic reviews, and understanding corporate structures
• Utilisation of Technology
• Exploring compliance tools and technology solutions that enhance the due diligence process for corporate entities, for example automated screening and reporting capabilities

Quick Quiz - Test Your Knowledge: Money Laundering

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.