DUE DILIGENCE

Session: Know Your Customer, Know You’re Compliant: Due Diligence Best Practice

• Establishing a robust risk assessment model ensuring focused compliance efforts
• Implementing best practices for accurately identifying beneficial owners through advanced verification techniques and cross-referencing
• Developing a clear framework for understanding the purpose and nature of customer relationships, including transaction patterns and expected behaviours
• Examples of using automated KYC platforms and machine learning to increase due diligence efforts