Understanding Politically Exposed Persons to Mitigate Your Firm’s Risk

Sponsored by

CSI
  • When: September 12, 2019
  • Time: 1PM ET-2PM ET
  • Level: All

We often hear news stories about government officials who have been linked to some type of financial crime such as embezzlement, bribe-taking or corruption. No financial institution wants to assist in the movement of those ill-gotten gains. Since a politically exposed person (PEP) often has more opportunities than ordinary citizens to acquire assets through unlawful means, they are considered higher-risk customers for financial institutions. This webinar will explore how current regulations define a PEP, recommendations for conducting enhanced due diligence (EDD) specifically tailored to your client’s PEP status, and available tools to help mitigate your organization’s risk.

Learning Objectives

  • Defining PEPs according to definitions within current federal regulations
  • Understanding the importance of screening for PEPs and other higher-risk customers
  • Implementing EDD requirements around PEPs and other higher-risk customers
  • Leverage technology and tools that assist in mitigating risks associated with PEPs

Who Should Attend

  • Compliance Personnel
  • Risk Assessment Managers
  • AFC/CTF Specialists
  • Relationship Managers
  • Legal Advisers
  • Industry Consultants

Region/Industry

  • Global
  • Banking
  • Regulatory/Law Enforcement
  • Legal

Register for this Webinar

Register


Speaker

Becki LaPorte
  • Becki LaPorte

  • Compliance Officer
  • CSI Regulatory Compliance

Bio

Becki LaPorte brings 20 years of experience to her role as a compliance officer with CSI’s Regulatory Compliance Group. Previously, she served as the chief AML compliance officer for one the largest independent broker dealer networks in the United States. LaPorte also served as an associate director and lead compliance trainer for FINRA®. Her specialty area was AML and fraud detection. Throughout her career, LaPorte has held various roles in the banking industry, and she is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Financial Crime Specialist (CFCS).