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 (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
