Mastering Customer Risk Assessment and EDD: A strategy to mitigate ML/FT risk!
Confused about what the process of Customer Risk Assessment (CRA) and Enhanced Due Diligence (EDD) entail? Look no further!
Strengthen your business’s defences against Money Laundering (ML), Financing Terrorist (FT), and Proliferation Financing (PF) risks posed by prospective customers and existing low-risk customers whose risk rating may shift to high-risk due to any fluctuation in their customer profile by taking appropriate ML/FT and PF risk mitigation measures.
Through this Webinar, our Anti-Money Laundering expert Dipali Vora has explained the nitty-gritties of the Customer Risk Assessment (CRA) and Enhanced Due Diligence (EDD) requirements under the Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT) laws in the UAE.
Watch this Webinar and gain insights into:
- The meaning and importance of the CRA as an essential element of the Customer Due Diligence (CDD) process.
- Carrying out and implementing the CRA exercise through Customer Risk Profiling and deciding on the corresponding measures to be taken
- Red flags to look out for while conducting CRA
- Best Practices for conducting CRA
- When and how to conduct Enhanced Due Diligence (EDD) on High-Risk customers
So, don’t let ML/FT and PF risks hold you back! Watch the webinar recording now and empower your business through effective AML/CFT compliance.
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