Client Due Diligence Masterclass

Ultimately, the aim of performing Due Diligence is to understand the nature and purpose of customer relationships, which may include understanding the types of transactions in which a customer is likely to engage. These processes assist a bank in complying with legal and regulatory requirements, and furthermore determining when transactions are potentially suspicious.

Why take this course

Engaging instructor-led training will look beyond the theoretical to support understanding and application of practical principles. Typologies used by criminals, such as complex corporate structures and the use of intermediaries, will be examined in real-life case studies.

This masterclass offers employees with a detailed understanding of client due diligence. Interactive training utilises various scenarios, considering the key information that needs to be identified and collected appropriate to the level of risk, along with sources for that information.

  • Relationship Managers
  • Compliance Professionals
  • AML Officers
  • Quality Control Analysts
  • CDD Specialists
  • Overview of key regulations
  • Why perform client due diligence
  • Identification & verification
  • Corroboration of information
  • Detecting higher risk scenarios
  • Critical decision making

Delegates of this masterclass shall be assessed through a multiple choice test at the end of the training session. Upon successful completion of this masterclass, delegates will be awarded Sigma Risk certification.

This masterclass may be delivered in person at client premises, at external location or virtually via Zoom or MS Teams.

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Full Suite of Sigma Risk Masterclasses

• Understand applicable regulations
• Third party risk assessment
• Managing conflict of intrest

• Identify key AML risks
• Conduct AML risk assessment
• Build a robust methodology

  • Correct level of due diligence
  • Identification and verification
  • Corroboration of source of wealth
  • Learn about complexity & reliance
  • Downstream banking and nesting
  • Respondent risk assessment
  • Preventing & recovering from a cyber attack
  • Identify key threat actors
  • Understand different types of cyber attacks
  • Understand the risks in gaming
  • Applicable regulatory requirements
  • Proportionate risk assessment

• Understanding digital currencies
• Corroboration of SOF/SOW
• Financial crime risks

  • Law enforcement collaboration
  • Asset tracking and confiscation
  • Suspicion activity reporting
  • Recognize key sanctions regimes
  • Establish screening & monitoring
  • Escalations & reporting
  • Attractiveness to Criminals
  • Discover emerging typologies
  • Identify red flags and warning signs

Sigma Risk Masterclasses are comprehensive introduction training sessions customised to fit the needs and requirements of both the MFSA and the local industry at large. Each Masterclass was aimed at giving a thorough introduction to topics relating to the ever-changing topic of Financial Crime, such as Introduction to AML/CFT to Trade Based Money Laundering, as well as an Introduction to Sanctions. All Masterclasses included detailed presentations, videos, real life case studies, polls and group discussions. Throughout each Masterclass, lecturers were open to questions which were replied to in a very comprehensive manner. I have also attended several highly interactive discussions presented on Sigma Risk’s YouTube Channel which discussed various topics relating to Local Legislation on Beneficial Ownership, Suspicious Transaction Reporting etc. We highly recommend Sigma Risk Masterclasses for all types of training requirements.

Christine Aquilina

Financial Crime Compliance