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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Chris Usher Managing Director of the School of International Financial Services |
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Chris is the Managing Director of the School of International Financial Services (SIFS), a leading provider of training and education in offshore financial services across 15 jurisdictions globally. He has over 25 years of experience in offshore financial services, having previously held senior wealth management roles at Barclays Wealth and Santander, where he advised private clients and corporates on complex global investment solutions and wealth structuring. Chris is currently also a Director at Cavenwell Group. With a deep understanding of geopolitical and economic dynamics, Chris helps clients navigate the changing international wealth structuring landscape and optimise tax efficiency. Chris has trained over 6,000 people in qualifications for the Chartered Institute for Securities and Investments (CISI) in wealth management and is a well-regarded member of the Institute. He also serves on the committee of the Jersey Wealth Managers Association (JWMA) and is a member of the Institute of Directors. |