Assessing and Verifying Source of Funds and Wealth
Description
This webinar will provide practical insights into the assessment and verification of a client's source of funds and wealth. Understanding these elements is crucial in mitigating financial crime risks and ensuring compliance with regulatory expectations. The session will explore best practices for verifying private individuals and corporate entities, key verification resources, and common red flags that may indicate heightened risks. Attendees will also gain a structured approach to conducting due diligence and maintaining robust audit trails for compliance.
Content
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Source of Funds and Wealth the difference
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What to ask for and when to get it?
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How far do you need to go back?
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Dealing with High Net Individuals
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How things can go wrong
Presenter
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Jo French Expert Trainer at the School of International Financial Services |
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Jo, through her company JETT Limited, specialises in developing contemporary bespoke, technical in-house CPD programmes covering a range of AML, compliance and governance issues. She has over 25 years’ experience in delivering credible training to a wide range of financial service businesses both in the Crown Dependencies and internationally, as well as institutions that include the BBA, the ACSP in the Isle of Man, Guernsey Training Agency and the Jersey International Business School where her role also extended to delivering on Buckingham University’s BSc (Hons) in International Financial Services degree as part of their faculty. In addition, she has taught on the International Compliance Association’s full range of AML and compliance qualifications since 2005, and as a Fellow of the Governance Institute (formally ICSA) written and delivered across both level 4&5 Certificate and Diploma, as well as the qualifying scheme, (subjects include Corporate Governance, Risk Management, Boardroom Dynamics, Company Law and Company Compliance and Administration.) Jo’s ICSA students have won many international prizes, most recently in Trust and Company Administration in May 2021, and CORE in the November 2021 exams. A committed educationalist, Jo has a First Class Law Degree (LLB) and Masters in Law (LLM) (Merit) from Queen Mary University of London specialising in financial services law. She is passionate about the delivery of accessible and innovative training courses. |