Enhancing Due Diligence & KYC Procedures - A Bite-Sized Guide to FCA Best Practice

Introduction

This short webinar will provide you with a comprehensive understanding of Enhanced Due Diligence (‘EDD’) and Know Your Customer (‘KYC’) procedures, their importance in combatting financial crimes, and best practices for implementation.

The webinar is suitable for anyone who is involved in the KYC function including compliance officers, risk management professionals, financial services executives, legal advisors, AML/KYC analysts and professionals.

What You Will Learn

This short webinar will cover the following:

• The definition and importance of KYC and KYC procedures
• The definition and purpose of EDD
• Situations requiring EDD: High-risk customers, Politically Exposed Persons (‘PEPs’), high-risk countries, and large transactions
• Key procedures of EDD: Collecting detailed customer information, identifying beneficial owners, verifying the source of funds, and conducting enhanced identity checks
• Implementing effective EDD and KYC procedures
• Best practices for conducting EDD and KYC including the tools and technologies to enhance due diligence processes
• Common challenges and how to overcome them

This pre-recorded webinar will be available to view from Monday 16th June 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.