FATF Recommendations on Politically Exposed Persons PEPs

Hello

Welcome to the 'FATF Recommendations on Politically Exposed Persons PEPs' course.

Before discussing the course topics, I have some questions for you to think;

1. Do you know the true concepts and scope of PEPs, Family, and Associates as per FATF Recommendations and Its Guidance?

2. Do you know why PEPs become highly relevant when we talk about Financial Crimes such as Money Laundering ML, Terrorist Financing TF, and Proliferation Financing PF and High Risk Activities?

3. Do you know which Recommendations of the Financial Action Task Force FATF address, either directly or indirectly, the Politically Exposed Persons PEPs, Related Parties, and their Activities?

4. Do you know key AML.CFT compliance activities recommended for Financial Institutions and other Regulated Entities to manage PEPs and related risks, and why such activities are crucial and linked to the reputation of institutions?

After attending this course, you will get the answers to the above key questions.

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CORE AREAS AND TOPICS COVERED IN THIS COURSE

This course is designed to provide you with a practical insight and knowledge of Anti-Money Laundering and Countering Financing of Terrorism AML/CFT Compliance, FATF's Recommendations and Guidance to deal with Politically Exposed Persons PEPs. In this course, you will learn the practical significance and interlinking of FATF Recommendations No. 1, 10, and 12 which combinedly cover risk assessments, Due Diligence CDD/KYC, and enhanced due diligence EDD of PEPs, their Close Family Members, and Associates.

In this course, you will learn in detail the following topics/concepts:

- Money Laundering and Terrorist Financing with Examples

- Anti-Money Laundering and Countering Financing of Terrorism AML/CFT Compliance,

- High-Risk Jurisdictions, and Most Serious Jurisdictions as per the FATF Recommendations and Guidance,

- Counter Measures Suggested for Most Serious Jurisdictions,

- Jurisdictions under Increased Monitoring as per the FATF Recommendations and Guidance,

- High-Risk Factors and their Examples

- Overview of FATF Recommendations 1, 10, and 12

- Politically Exposed Persons PEPs and Related/Associated Parties as per the FATF Recommendations and Guidance,

- Politically Exposed Persons PEPs ML/TF risk factors

- FATF Recommendations and Guidance on Risk-Based Approach RBA, PEP Due Diligence - CDD/EDD, PEP Sources of Information for CDD/EDD,

- FATF Recommendations and Guidance on Occasional PEP Customers and their CDD/EDD,

- Practical Scenario and Examples

QUIZ TEST

A QUIZ TO TEST YOUR KNOWLEDGE ABOUT FATF RECOMMENDATIONS AND GUIDANCE ON AML/CFT, DUE DILIGENCE CDD/EDD, AND PEP

WHY YOU SHOULD ATTEND THIS COURSE

Worldwide institutions and organizations spend Millions of Dollars to strengthen their AML/CFT compliance processes and measures. Institutions are required by their regulatory authorities to manage their money laundering, terrorist financing, and proliferation risks, also known as ML/TF/PF risks.

Without knowing and understanding the Financial Action Task Force FATF's Recommendations and its Guidance on treating Politically Exposed Persons PEPs, the AML/CFT Compliance is not possible.  Therefore, institutions and organizations hire specialist AML/CFT Compliance Professionals who not only understand the AML/CFT Regulations but also understand the FATF's Recommendations and Guidance necessary to combat ML/TF/PF risks related to PEPs.

• This course will help you understand the fundamentals of AML Compliance and the Financial Action Task Force FATF's Recommendations and Guidance related to Politically Exposed Persons, who are also known as PEPs.

• This course will help you in your daily Compliance job, particularly if you are working in Anti Money Laundering AML/CFT Compliance, CDD/KYC Compliance, Regulatory Compliance, Customer Relationship, Risk Management, or Audit jobs.

WHO SHOULD ATTEND THIS COURSE

• Professionals working in Financial Institutions, and Regulated Entities such as Banks, Fin-Techs, Open Banking Institutions, MSBs, Gateways, Crypto Exchanges, Asset Management, and Advisory Firms

• Compliance Professionals, Managers, and Consultants, including Anti-Financial Crime Professionals, AML/CFT Professionals, Trade-Based Anti Money laundering TBAML Compliance Professionals, and other Regulatory Compliance professionals

• Customer Due Diligence and Know Your Customer CDD/KYC Analysts and Managers

• FATF Compliance Managers and Analysts

• DNFBPs Compliance Professionals, including professionals working in Real Estate Companies, Construction Companies, Accounting Firms, Legal Firms, Cash-Intensive Businesses, etc

• Company / Business Owners and their Leadership

• Finance and Risk Management Professionals

• Internal audit and controls professionals

• Compliance students, including students of CAMS, ICA, AML/CFT, Finance, Risk Management, and Banking