Anti Money Laundering (AML) - Become a Subject Matter Expert

Become a Subject Matter Expert on PEP Risk Within 1 hour - Financial Crime Compliance

Ratings 4.51 / 5.00

Anti Money Laundering (AML) - Become a Subject Matter Expert

What You Will Learn!

What are PEPs and PEP Associates
Anti Bribery and Corruption (ABC) & Terrorist Financing risks associated with PEPs
Learn How Financial Institutions Source PEP Data
How a Name Screening System is Designed and Implemented to Identify PEP Risk
System Rules and Suppression Logic used by Financial Institutions
Understand when Financial Institutions Conduct PEP Name Screening on customers
How to Investigate a PEP alert/match from Start to Finish
How to Risk Rate a PEP
What Treatment Strategy Financial Institutions conduct on a confirmed PEP
What factors determine a Declassification of a PEP
Recent Changes in Regulation

Description

By the end of this course you will be a Subject Matter Expert on PEP risk within the Financial Crime and Anti Money Laundering (AML) Industry.

This course will not only provide you with a practical understanding of what PEPs are and the Anti Bribery and Corruption & Terrorist Financing risks associated with PEPs, but it ill also provide you with the knowledge on how a PEP name screening detection system is designed and implemented. You will understand from an operational perspective how to conduct PEP alert investigation from start to finish.

You will understand how a name screening system works from how to source PEP data as well as understanding how to set system thresholds and tuning the system to increase efficiency and effectiveness, as well as getting a glimpse into various suppression techniques used to help operational efficiency. You will also learn about the different types of PEPs and their risk as well as PEP declassification

You will also understand the wider financial crime framework and where PEP name screening falls within client life cycle management.

This course will give you a 360-degree understanding into the world of Financial Crime PEP risk, from identification to the associated treatment strategy involved.