Navigating Risk with Enhanced Due Diligence: A Compliance Roadmap

Enhanced Due Diligence (EDD) process is a strategic tool which protects businesses regulated under the anti-money laundering (AML), combating the financing of terrorism (CFT) and combating proliferation financing (CPF) laws in the UAE, from money laundering (ML), terrorism financing (TF) and proliferation financing (PF) threats posed by high-risk customers.  

Recently, our in-house AML expert, Dipali Vora, explained the intricacies of EDD as a critical component of the AML/CFT/CPF compliance framework. Watch the recording of the webinar to gain valuable insights into: 

• AML/CFT/CFT compliance requirements in the UAE 
• Customer Due Diligence process as a significant component of AML/CFT/CPF compliance 
• Name Screening, Customer Risk Assessment and choosing the right type of due diligence based on customer risk profile 
• What, when and how of EDD, providing a complete roadmap, including benefits and best practices for effective EDD implementation 
• Importance of the Know Your Customer (KYC) process and its nexus with EDD 
• High-Risk customer onboarding cycle for a better understanding of how to efficiently manage high-risk customers such as Politically Exposed Persons (PEP), customers from high-risk jurisdictions, etc. 

In addition, the webinar is integrated with live quizzes to solidify your understanding of the EDD process.   

Don’t miss this opportunity to strengthen your understanding of EDD and its important role in ensuring robust AML/CFT/CPF compliance in the UAE. Watch the webinar today and enhance your business’s ability to navigate the EDD process successfully!