Overview

Customer Due Diligence (CDD) is a key pillar of any effective AML/CFT or sanctions compliance program. Yet understanding who a financial institution’s corporate customer is —including professional track record, ownership and control, management, as well as related parties, among other issues — has broader implications for the success of a long-term relationship, whether from purely commercial or regulatory and reputational perspectives. This masterclass will examine key methods, techniques, and the latest technological innovations for conducting in-house CDD on corporate entities. Special attention will be paid to complex ownership and control structures, which are frequently misused by criminals for money laundering, terrorist financing, or sanctions evasion purposes.