Customer Due Diligence Tips and Tricks [ONDEMAND]
This two-part webinar looks at the ongoing challenges of knowing your customer and the practicalities of ensuring appropriate customer due diligence in an increasingly digital world. It consists of a presentation followed by discussion among the speakers around EIV and commercial CDD options their challenges and how they might be addressed
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Customer Due Diligence Tips and Tricks [ONDEMAND]
Recorded: 24th October 2018
Marty Robinson, Barrister and Solicitor, Quay Legal Chambers
Rob Milnes, Practice Leader, Anti-Money Laundering (AML) Group, DIA
Vincent McCartney, Managing Director, Verifi Identity Services
About the webinar
This two-part ONDEMAND webinar looks at the ongoing challenges of knowing your customer and the practicalities of ensuring appropriate customer due diligence in an increasingly digital world. It consists of a presentation followed by discussion among the speakers around EIV and commercial CDD options their challenges and how they might be addressed.
- Determinising what to scrutinise – wealth or funds?
- Locating appropriate documentation for SoW or SoF
- Getting info from 3rd parties
- Satisfying DIA requirements
- Which countries should trigger EDD?
- Options for onboarding clients without meeting them
- How scanned certified documents can work
- The Certification and Verification Guidelines distilled
- Electronic verification: The Amended Identity Verification Code of Practice 2013 – how it works
- What other commercial CDD outsourcing services exist and how best to use them
- How to implement good exception-handling procedures
- Opting out of the IVCOP entirely when necessary
- Examples of entities opting out
Having attended this webinar, participants will be able to:
- Select and apply appropriate CDD
- Recognise how IVCOP applies and options around use
- Evaluate options for electronic verification
- Identify when and how to scrutinise source of funds or wealth
Who will benefit from this ONDEMAND webinar?
Webinar will be relevant to new AML/CFT compliance officers, or legal practitioners looking to move into the role or improve their understanding of the risks and responsibility of the position.
About the Presenters
Marty Robinson, barrister and solicitor, is co-author of The Anti-Money Laundering Regime: A Practical Guide. Marty specialises in litigation, financial crime and AML/CFT advice and was formerly a Crown Prosecutor and an investigating lawyer at the UK Serious Fraud Office. While the Senior/Principal Solicitor at the Department of Internal Affairs, his role included civil and criminal litigation; advising the Financial Integrity and Phase 2 teams; and supporting the legislative process for Phase 2.
Rob Milnes is the Practice Leader in the Anti-Money Laundering (AML) Group at the Department of Internal Affairs and a Certified Advanced Anti-Money Laundering Audit Specialist with the Association of Certified Anti- Money Laundering Specialists (ACAMS). His role includes providing technical assistance and guidance for the Department’s supervision of businesses under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
Vincent McCartney is a founder and the Managing Director of Verifi Identity Services, a NZ owned electronic identity verification provider. Prior to founding Verifi in 2012, Vincent was a financial services professional with more than 15 years’ experience in retail and wholesale financial markets across the United Kingdom, Australia and New Zealand. He has significant expertise in developing opportunities in the financial services market and implementing large-scale wholesale partners across Australia and New Zealand. Vincent has developed, launched and managed several successful financial trading products and project managed the roll-out of business-critical online trading platforms, including client migration and integration of equity trading into large banks.
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LexisNexis ONDEMAND webinars are delivered by subject experts and accompanied by a short comprehension quiz. Each Lexis Nexis ON DEMAND webinar is equal to at least ONE CPD hour. Attendees who listen to the recording and complete the quiz are eligible for a certificate of participation that may be used as a record of their CPD activities.
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