Fatf Recommendations On Politically Exposed Persons Peps

Overview of FATF Recommendations and Guidance on Politically Exposed Persons PEPs and PEP related AML/CFT Compliance

What you'll learn

Money Laundering ML, Examples of ML Activities, and Anti-Money Laundering AML Measures

Overview of 'High-Risk Jurisdictions', and 'Most Serious Jurisdictions' as per Financial Action Task Force (FATF)

Understanding FATF 'Risk Based Approach RBA', 'High Risk Customers' and High Risk Factors

Understanding FATF Recommendations No 1, 10, and 12 in context of Politically Exposed Persons (PEPs) Due Diligence

Understanding Politically Exposed Persons (PEPs) and related Parties as per FATF

Understanding Customer Due Diligence and Enhanced Due Diligence CDD/EDD requirements for Politically Exposed Persons (PEPs)

PEP Screening as part of CDD, Sources of PEP Information for identification and verification as per FATF

Case Scenario and Examples

Requirements

Basic knowledge of Anti Money Laundering AML Compliance Requirements

Description

Hello and Welcome to this course.Before discussing the course content, I have some questions for you to consider;1. Do you know that the biggest challenge for financial institutions is to identify, assess, and mitigate Money Laundering ML, Terrorist Financing TF, and Proliferation Financing PF Risks and Activities?2. Do you who are 'Politically Exposed Persons - PEPs, and PEP related Parties? 3. Do you how financial institutions manage  PEP Risks? 4. Do you know the AML and Customer Due Diligence CDD Compliance requirements for PEPs? 5. Do you know what are the key Financial Action Task Force FATF Recommendations for Politically Exposed Persons PEPs and their Activities? After attending this course, you will get the answers to the above key questions. –ABOUT THE COURSEThis course is designed to provide you with a practical insight and knowledge of; Anti-Money Laundering and Countering Financing of Terrorism AML/CFT Compliance, Overview of FATF Recommendations and Guidance on Risk-Based Approach RBA, Customer Due Diligence and 'Politically Exposed Persons PEPs, and AML and Due Diligence CDD/EDD requirements for PEP Customers. To understand FATF's Recommendations dealing with PEPs and their activities, we need to understand FATF Recommendations No. 1, 10, 12, and some other FATF Recommendations, which we shall cover in this course. We will also discuss examples and scenarios in this course.COURSE TOPICSIn this course, you will get an insight into, what should Institutions and Organizations know regarding the application of FATF Recommendations for PEPs, to enable a strong AML/CFT Compliance culture and avoid/mitigate PEP risks leading to financial and reputational losses. You will learn the:- Money Laundering and Terrorist Financing with Examples- Anti Money Laundering AML- High-Risk Jurisdictions, and Most Serious Jurisdictions by FATF,- Counter Measures Suggested for Most Serious Jurisdictions,- Overview of Jurisdictions under Increased Monitoring by FATF- High-Risk Factors and examples- Politically Exposed Persons PEPs and Related/Associated Parties - Overview of FATF Recommendations 1, 10, and 12 - Overview of FATF's Risk-Based Approach RBA- FATF Recommendations on PEP Due Diligence - CDD/EDD- FATF Guidance on PEP Sources of Information for CDD/EDD- FATF Guidance on Occasional PEP Customers and their CDD/EDD - Politically Exposed Persons PEPs ML/TF risk factors- Practical Scenario and ExamplesQUIZ TESTA QUIZ TO TEST YOUR KNOWLEDGE ABOUT FATF RECOMMENDATIONS AND GUIDANCE ON AML/CFT, DUE DILIGENCE CDD/EDD, AND PEPWHY THIS COURSEThis course will help you understand the fundamentals of AML Compliance and FATF Recommendations related to PEPs. This course will help you in your job particularly if your area is Compliance, Anti Money Laundering AML, CDD/KYC, Regulatory Compliance, Customer Relationship, Risk Management, or Audit. After attending this course you will be able to confidently talk and communicate with Compliance, AML / CFT, CDD/KYC professionals, audit, and other related professionals.Worldwide institutions spend Millions of Dollars to strengthen their AML/CFT processes and measures. Institutions are required by regulatory authorities and FATF to manage their ML/TF/PF risks, therefore they hire specialist AML/CFT compliance professionals who not only understand the AML/CFT regulations but also understand the FATF Recommendations necessary to combat ML/TF/PF risks. Who is this course for:Compliance professionals and Consultants Anti-Financial Crime ProfessionalsAML/CFT Professionals and ConsultantsDue Diligence and Know Your Customer CDD/KYC ProfessionalsFATF Compliance ProfessionalsReal Estate Owners/ProfessionalsAccountants and Legal AdvisorsCompany / Business Owners and their Leadership Professionals working in Regulated Institutions and DNFBPs  Regulatory Compliance professionalsRisk management professionals and studentsInternal audit professionals and studentsInternal controls professionalsFinance professionals and studentsCAMS, and AML/CFT students ACCA, CPA, CGA, CMA students

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Course Instructor Introduction

Section 2: Understanding Fraud, Money Laundering ML, and Anti-Money Laundering AML

Lecture 3 What is Money Laundering ML

Lecture 4 Understanding the Purpose of Money Laundering ML Activities

Lecture 5 Case Scenario 1 - Money Laundering Activity

Lecture 6 Case Scenario 2 - Money Laundering ML Activity

Lecture 7 Case Scenario 3 - Money Laundering Activity - Restaurant Business Case

Lecture 8 Anti-Money Laundering AML and Its Purpose

Section 3: Politically Exposed Persons PEPs, Types and Related Persons/Individuals - FATF

Lecture 9 What is a Politically Exposed Person PEP as per Financial Action Task Force FATF

Lecture 10 Overview of PEPs and Related/Associated Persons

Lecture 11 Foreign Politically Exposed Persons PEPs with Examples as per FATF

Lecture 12 Domestic Politically Exposed Persons PEPs with Examples as per FATF

Lecture 13 Middle Rankings and Junior Officials Treatment as per FATF Guidance

Lecture 14 International Organization Politically Exposed Persons PEPs with Examples

Lecture 15 Family Members of Politically Exposed Persons PEPs as per FATF with Examples

Lecture 16 Close Associates of Politically Exposed Persons PEPs as per FATF

Section 4: Understanding FATF Recommendations - RBA, CDD, PEP

Lecture 17 Understanding FATF Recommendation 1, 10 and 12

Lecture 18 FATF Recommendations 1 - Understanding Risk-Based Approach RBA

Lecture 19 Steps involved in Risk-Based Approach RBA

Lecture 20 FATF Recommendations 1 - What FATF Recommends for RBA Implementation

Lecture 21 FATF Recommendation 10 - Customer Due Diligence Requirements

Lecture 22 FATF Recommendation 10 - What If Due Diligence CDD Could Not be Performed

Lecture 23 FATF Recommendation 12 - Politically Exposed Person PEP Requirements

Lecture 24 Summary of FATF Recommendation 12 - Politically Exposed Person PEP

Lecture 25 Example - Performing PEP Screening as Part of Customer Due Diligence CDD

Lecture 26 Occasional Transactions by PEPs and Due Diligence as per FATF

Lecture 27 What If a Customer Is No Longer a PEP - What Should an Institution Do Now

Lecture 28 Sources of PEP Information for Due Diligence CDD/EDD - FATF Guidance

Lecture 29 Case Scenario - FATF Recommendation 12 - PEP

Section 5: Multiple Choice Questions MCQs

Anti-Money Laundering (AML) Compliance Professionals,Compliance Professionals, Regulatory Compliance Professionals, CDD/KYC Professionals, Trade-Based Money Laundering TBML Professionals,Bankers, Investment Bankers, Brokerage Houses, Real Estate Agents, Accountants, Legal Advisors, and Auditors,Anti-Money Laundering AML/CFT students, CAMS students, Risk Management and Finance Students,Company and Business Owners / Senior Management / Leadership,Trustees of NGOs and NPOs,Others who want to learn FATF Recommendations