Enhanced Due Diligence (EDD) and Politically Exposed Persons (PEPs) risk management

Professional Development

Overview

Managing the risk of doing business with Politically Exposed Persons (PEPs) is more important than ever, as is the importance of applying effective enhanced due diligence to those relationships. This seminar will examine best practice in the management of the risks of PEPs and explore what documentation might be acceptable in the pursuit of enhanced due diligence.


Suitable For

Those working in regulated financial services businesses.

2 CPD hours
2 hours
Jersey

This session has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Understand the risks associated with PEP relationships in more detail
  • Be able to identify instances where suspicion might exist
  • Understand the regulatory expectations in relation to the nature of these relationships

SESSION CONTENT

  • What is enhanced due diligence and when is it required?
  • What is a PEP?
  • Risks of dealing with PEPs and higher-risk clients
  • Regulatory expectations