Course Outline
Institutional Module: Foundations of Due Diligence
- An overview of due diligence frameworks within financial institutions.
- Governance structures, accountability, and reporting hierarchies.
- Integration with risk management and internal control mechanisms.
- Aligning due diligence efforts with organizational strategy and compliance culture.
Management Module: Leadership and Oversight
- Board and executive duties in overseeing compliance.
- Formation of compliance committees and accountability structures.
- Performance tracking, escalation protocols, and planning for corrective actions.
- Frameworks for ethical leadership and decision-making.
Marketing and Sales Module: Ethical Conduct and Client Transparency
- Due diligence considerations in client acquisition and marketing efforts.
- Handling conflicts of interest and ensuring transparent disclosures.
- Safeguarding data protection and securing consent in customer communications.
- Oversight of sales practices to mitigate compliance and reputational risks.
Technical Module: Operational and Data Due Diligence
- Mapping data flows and pinpointing sensitive information.
- Assessing system controls and cybersecurity status.
- Incorporating technology risk evaluations into compliance reviews.
- Utilizing tools and automation for due diligence data gathering and reporting.
Financial Module: Financial Integrity and Risk Analysis
- Evaluating financial performance, solvency, and liquidity metrics.
- Assessing the financial stability of counterparties and suppliers.
- Preventing financial crime through AML, CFT, and sanctions screening.
- Identifying fraud, conducting internal audits, and recognizing red flags.
Legal and Regulatory Module: CRS, FATCA, and Global Compliance Obligations
- Comprehending the Common Reporting Standard (CRS) and FATCA mandates.
- Due diligence for tax residency, indicia searches, and self-certifications.
- Key legal structures: OECD standards, MCAA, and local implementation.
- Managing penalties, remediation strategies, and reporting duties.
Environmental, Health and Safety, and Business Integrity Module
- Integrating ESG criteria into due diligence practices.
- Ensuring health and safety compliance in financial and operational activities.
- Implementing business integrity policies and anti-corruption measures.
- Reporting on sustainability risks and compliance shortfalls.
Information Technology Module: Data Governance and Security Compliance
- IT governance frameworks and digital risk management strategies.
- Standards for data integrity, retention, and traceability.
- Regulatory compliance in digital transformation and AI adoption.
- Incident response, disaster recovery, and resilience planning.
Integrative Module: Governance, Risk, and Audit Readiness
- Synthesizing due diligence findings across various departments.
- Developing unified compliance dashboards and reporting frameworks.
- Getting ready for external audits and regulator inspections.
- Formulating continuous improvement and training strategies.
Case Studies and Practical Exercises
- Reviewing and categorizing sample client and vendor due diligence files.
- Simulating a multi-module risk assessment scenario.
- Drafting a corrective action and monitoring plan.
Summary and Next Steps
Requirements
- A solid grasp of financial compliance and risk management procedures.
- Acquaintance with fundamental tax, regulatory, or AML/KYC concepts.
- Prior experience in client onboarding or governance functions is advantageous.
Intended Audience
- Compliance and risk management officers.
- Legal and audit professionals.
- Operational, financial, and IT managers engaged in due diligence processes.
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.
