Best Practices in Private Banking Due Diligence

Here’s the recording of our recent Q&A Sessions webinar
Private banking and other high-risk clients pose significant AML/CTF risks for banks and financial institutions. The complexity of transactions, cross-border dealings, and the difficulty in tracing the source of funds increases the risk of money laundering and terrorist financing. Failure to mitigate AML/CTF risks can result in severe reputational damage and legal and financial penalties. Managing these risks requires a robust risk assessment process, enhanced due diligence procedures, and ongoing monitoring of high-risk clients to detect suspicious activities and report them to relevant authorities.

Join us for an informative Q&A on best practices in managing high-risk customers, including private banking clients. Expert speakers from the global banking and financial services industry will share their extensive experience and expertise in identifying and assessing high-risk customers, developing effective risk management strategies, utilising technological innovation, managing regulatory compliance, and mitigating risks associated with high-risk customers.

Attendees will gain practical insights into effective risk management and have the opportunity to network with professionals in the industry. This event is a must-attend for private bankers, compliance officers, and risk management professionals who want to stay up-to-date with the latest best practices in managing high-risk customers.