Mastering Customer Risk Assessment and EDD | AML UAE

Confused about what the process of Customer Risk Assessment (CRA) and Enhanced Due Diligence (EDD) entail? Look no further!

Safeguard your business against Money Laundering (ML) and Financing Terrorist (FT), and Proliferation Financing (PF)risks that customers may pose with our latest Webinar.

Through this Webinar, our Anti-Money Laundering expert Dipali Vora has explained the nitty-gritties of the Customer Risk Assessment (CRA) and Enhanced Due Diligence (EDD) requirements under the Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT) laws in the UAE.

Watch this Webinar and gain insights into:
The meaning and importance of the CRA as an essential element of the Customer Due Diligence (CDD) process.
Carrying out and implementing the CRA exercise through Customer Risk Profiling and deciding on the corresponding measures to be taken
Red flags to look out for while conducting CRA
Best Practices for conducting CRA
When and how to conduct Enhanced Due Diligence (EDD) on High-Risk customers

So, don’t let ML/FT and PF risks hold you back! Watch the webinar recording now and empower your business through effective AML/CFT compliance.

Timestamps:

0:00 Introduction on Mastering Customer Risk Assessment and EDD
1:26 AML Regulatory Framework in UAE
3:41 AML/CFT Compliance Requirements in UAE
5:02 Customer Onboarding Process
6:43 Customer Due Diligence Process
10:25 Know Your Customer
11:53 Name Screening
14:25 Customer Risk Assessment
23:16 How to carry out Customer Risk Assessment?
33:48 Enhanced Due Diligence
35:10 Enhanced Due Diligence under UAE AML Regulations
41:21 Best Practices for Conducting Customer Risk Assessment

#AMLUAE #EDD #amlcompliance #amlcft #aml #CRA #RBA #EWRA #antimoneylaundering #dnfbps #vasps #risk