Analyzing Cultural Differences in Naming Conventions to Strengthen KYC/CDD Oversight

1
ACAMS Credit
Overview
Financial institutions and other reporting entities are required to undertake KYC/CDD on all their customers, related parties and counterparties, as part of KYC/CDD name (or media) screening is undertaken to identify any financial crime risk. But is the name in the commercial database or open sources your customer’s? In this webinar, we will discuss various foreign naming conventions in our multicultural world and share practical tips to assist in the determination that there is a true name match against the names screened.
Learning Objectives
Analyzing foreign naming conventions to assist in KYC/CDD
Evaluating data collected to determine veracity of customer profile
Integrating best practices and tips when performing CDD on foreign-named parties

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BSA/AML Officers
DNFBPs Professionals
Investigators
KYC/Onboarding
Risk Manager
Sanctions
AML Overall
Retail / Consumer Banking
Sanctions
Ultimate Beneficial Ownership (UBO)
AML Compliance Skills and KYC/CDD
Auditing and Assurance
Sanctions and Non-Proliferation
Correspondent Banking
Financial Institutions
FIS
Private Banking
Securities
Global
Basic
Intermediate