Enhanced due diligence for high-risk clients with SIFS

This webinar will provide an overview of Enhanced Due Diligence (EDD) requirements for high-risk clients, drawing on key lessons from recent regulatory reviews in the Isle of Man. Attendees will gain insights into common compliance gaps identified during reviews and explore best practices for strengthening EDD processes. The session will cover essential components of EDD, including comprehensive client risk assessments, effective documentation practices, and ongoing monitoring techniques. Expert speakers Jessica Denny and Robert Mitchell will share practical strategies to address regulatory expectations and mitigate risks associated with high-risk clients. This webinar aims to help professionals enhance their due diligence frameworks and improve overall compliance standards.

Content

• Overview of common compliance gaps identified in recent regulatory reviews.
• Best practices for conducting comprehensive risk assessments of high-risk clients.
• Effective documentation and ongoing monitoring techniques for EDD.
• Practical strategies to address key regulatory expectations.
• Strengthening due diligence frameworks to improve overall compliance standards.