Politically Exposed Persons and Sanction Awareness

Politically Exposed Persons and Sanction Awareness 

18th September | 10:00 - 12:00 | £299 | 2 CPD hours

 

Workshop Overview 

 

Politically Exposed Persons (PEPs) represent a higher risk for potential involvement in bribery and corruption, whilst Sanctions restrict the activities of designated individuals, entities or even countries. This 2 hour workshop practically explores the scope, risks, controls and obligations relevant to PEPs and Sanctions. It is presented in a safe learning environment with freedom to discuss issues and network options.

 

Policies and procedures in respect of Politically Exposed Persons (PEPs) have become an important element of client onboarding and subsequent monitoring, 

 

The recent Farage v Coutts reports leading to the resignation of NatWest's Dame Alison Rose highlights the significance attached to the way personal data should be managed.

 

The following will be covered:

 

PEP'S

  * What is a PEP?

  * Types of PEP – Function/Role, Foreign/Domestic/International

  * Family/ Close Associates of PEP's

  * Understanding PEP risks

  * Managing the risks associated with PEP's

  * Establishing your organisation’s exposure to PEPs

  * Cases and Source of Wealth and Source of Funds

  * Approval and ongoing monitoring of PEP relationships

 

Sanctions

  * What are Sanctions and who issues them?

  * Types of Sanctions/FATF/OFAC

  * Understanding why Sanctions are imposed?

  * Managing risks associated with Sanctions, including regulators

  * Screening and Testing - overviews

  * Best Practice lessons

  * Reporting

  * Summary overview of relevant legislation, guidance and other obligations

  

Who should attend?

This seminar is particularly useful for Financial Crime staff, compliance personnel, internal audit and management. The workshop will provide a good/broad overview of these 2 key topics and will be interactive and practical. 

Event and Venue Information

CPD Authorised Yes
Event Date 18-09-2024
Event End Date 18-09-2024
Price £299.00
£299.00 1000