Thu, 06/09/2022 - 10:30am-11:20am
Workshop: CDD Deep Dive (Part One: Identifying and Disrupting the Misuse of Legal Persons)
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Understanding typologies of misuse of legal persons, including Pass-Through Transactions, Round-Tripping Activities, use of Non-bank Intermediaries, Physical Movement of Cash Across Borders, Tax motivated transactions
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Analyzing how criminals crush the blind spots and vulnerabilities of financial institutions' customer identification programs and KYC requirements
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Integrating best practices on how to identify the beneficial owner of your entity-customer at client onboarding and throughout the client lifecycle