Implementing a true risk-based approach in onboarding and ongoing monitoring to balance costs and risk exposure. Our experts will discuss and share from their experience and show you how they manage customer due diligence effectively.
Regulators including the FCA and policy makers such as the Financial Action Task Force are stepping up the requirements on all regulated financial and professional services to strengthen the initial risk assessment and ongoing monitoring of their business clients. Yet adopting a true risk-based approach in practice is very difficult.
Many firms struggle with getting the right level of due diligence needed matched to the assessed level of potential financial crime risk. Sometimes this leads to not doing enough and frequently doing too much due diligence. How do you get this balance right?
In this webinar, we will show how best-in-class businesses are getting ahead of the curve using the latest technology, open-source intelligence sources and data analytics.
Combining database sources, open-source intelligence and automating CDD processes drives efficiency and effectiveness in initial risk assessment, implementation of a risk-based approach to due diligence and ongoing monitoring of risk. This approach, keeps costs down whilst ensuring risks are properly managed and analysts can focus on managing risk rather than process.
Come and listen to how our panel of experts are addressing these challenges.
Fidelity International
E-Payments Expert
Protiviti
R & D Head, Neotas
FCC Consulting
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