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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Shazia Zamir Expert Trainer at the School of International Financial Services |
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Shazia Zamir has worked for over 25 years in various Senior Compliance roles held within Legal, Financial and Law Enforcement sectors. Her experience includes managing and setting up compliance teams, reviewing and testing effectiveness of policy and procedures, implementing process improvement, conducting AML and GDPR audits, guiding MLRO/COLP’s and COFA’s in making informed risk decisions, designing bespoke risk case management system for centralised teams, writing and delivering firm-wide training on various key compliance topics. Having graduated in Civil and Structural Engineering (BEng) from the University of Bradford, Shazia extended her studies further graduate in Law (LLB) from University of College London. With her academic experience her approach to compliance is making it simple, practical and she is always honest ensuring that the solutions she proposes are workable and effective. |