Course Outline
Institutional Focus: The Basis of Due Diligence
- An overview of due diligence structures within financial institutions
- Governance architectures, accountability, and reporting hierarchies
- Harmonization with risk management and internal control mechanisms
- Aligning due diligence efforts with organizational strategy and a culture of compliance
Leadership Focus: Oversight and Direction
- Responsibilities of the board and executives in compliance supervision
- Forming compliance committees and establishing accountability structures
- Monitoring performance, escalation paths, and planning corrective actions
- Frameworks for ethical leadership and decision-making
Marketing and Sales Focus: Ethical Behavior and Client Clarity
- Due diligence during client acquisition and marketing endeavors
- Handling conflicts of interest and ensuring transparency in disclosures
- Safeguarding data protection and obtaining consent in customer interactions
- Oversight of sales practices to mitigate compliance and reputational risks
Technical Focus: Operational and Data Scrutiny
- Charting data pathways and pinpointing sensitive information
- Assessing system controls and cybersecurity standing
- Incorporating technology risk evaluations into compliance reviews
- Leveraging tools and automation for due diligence data gathering and reporting
Financial Focus: Integrity and Risk Evaluation
- Reviewing financial performance, solvency, and liquidity metrics
- Assessing the financial stability of counterparties and vendors
- Preventing financial crime through AML, CFT, and sanctions checks
- Identifying fraud, conducting internal audits, and recognizing warning signs
Legal and Regulatory Focus: CRS, FATCA, and Global Duties
- Interpreting Common Reporting Standard (CRS) and FATCA obligations
- Conducting due diligence for tax residency, indicia searches, and self-certifications
- Key legal structures: OECD guidelines, MCAA, and local implementation
- Managing penalties, remediation efforts, and reporting requirements
ESG and Business Integrity Focus
- Incorporating ESG considerations into due diligence practices
- Adhering to health and safety standards in financial and operational activities
- Establishing business integrity policies and anti-corruption safeguards
- Reporting on sustainability risks and compliance shortfalls
Information Technology Focus: Data Governance and Security Adherence
- IT governance models and digital risk administration
- Standards for data integrity, retention, and traceability
- Regulatory compliance in digital transformation and AI integration
- Incident response strategies, disaster recovery, and resilience planning
Integrative Focus: Governance, Risk, and Audit Preparation
- Consolidating due diligence outcomes across various departments
- Building unified compliance dashboards and reporting structures
- Getting ready for external audits and regulatory inspections
- Formulating plans for continuous improvement and team training
Practical Applications and Simulations
- Analyzing and categorizing sample client and vendor due diligence documents
- Running a simulated multi-module risk assessment scenario
- Creating a corrective action and monitoring strategy
Conclusion and Future Directions
Requirements
- A solid grasp of financial compliance and risk management procedures
- Knowledge of fundamental tax, regulatory, or AML/KYC principles
- Background in client onboarding or governance roles is advantageous
Target Audience
- Compliance and risk management specialists
- Legal and auditing professionals
- Operational, financial, and IT managers engaged in due diligence activities
Testimonials (3)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Flexibility in the course delivery and the interactive approach. The trainer was open to questions, clarified doubts clearly and also considered participants suggestions during the sessions. The training was well structured and informative.
Soundarya Mohan - Mizuho Bank Europe N.V.
Course - Financial Analysis in Excel
Good communication, open for discussion, kept it interesting and engaging
