Demonstrable knowledge of the Wwft and Sanctions regulation is a prerequisite for employees of a financial institution. However, AML training only makes sense if it is in line with day-to-day activities.
A certain level of knowledge of the legal requirements and regulations is important for the proper conduct of a customer investigation. But a customer investigation can also be detective work and requires a good dose of analytical skills. How do you analyse and evaluate the information you have about a client? How do you draw conclusions? And just as importantly, how do you record your conclusions?
This course is designed to build on the knowledge you already have about compliance with the Wwft and Sanctions Act, e.g. from our Wwft Awareness course. During the course we will help you in a practical way to go through the steps of customer research: analyse, assess, conclude and record.
Target audience
This in-depth training is intended for employees who are directly involved in the execution of the Customer Due Diligence process, but is also of interest to Compliance Officers.
Education level
This in-depth course is the next step after completing our Wwft Awareness course. This is an HBO (Higher Vocational Education) level course. There are no specific prerequisites for this course. However, we assume that you have at least a general idea of the requirements that the Wwft and Sanctions Act places on financial institutions and their employees.
Objectives
Upon successful completion of the program, your understanding of the legal requirements in the area of customer due diligence under the Wwft, and the background to it, has been enhanced. You will also have been able to practice the skills you need in customer investigation.
The training:
Tailors to your specific work activities
Offers demonstrable results
Is not larger than necessary, but relevant
Course content
The e-learning starts with an overview of the legal framework. What is expected of the company when it comes to determining whether its (potential) customers have integrity? On this basis we translate it into practice. Where possible, we make use of concrete examples and cases.
Baseline measurement
The training starts with a baseline measurement to determine whether you can take the test immediately or whether it is best to study the theory first.
Theory
The following topics will be covered during the training:
The legal framework of CDD
The risks that financial institutions face when it comes to doing business with clients of low integrity
The purpose of customer due diligence, the different forms of customer due diligence and their application
The risk indicators that play a role in customer due diligence
The review of the purpose and nature of the relationship
How to deal with a Politically Exposed Person (PEP)
Explaining the difference between origin of funds and origin of assets
Test Wwft Client Investigation
Certificate Wwft Client Investigation
Study duration
The e-learning takes an average of four hours to complete, depending on your prior knowledge of customer investigation.
Tailored to your organization
We are happy to customize our Wwft courses for you, so that they fit the policy and integrity risk appetite of your organization. We can also supplement the courses with examples from your daily practice. This way you can be sure that your employees have the right knowledge and skills to effectively combat money laundering and terrorist financing.
Why our Wwft Customer Investigation course?
Developed by specialists from Projective Group
Flexible learning where and when it suits you, through our online learning environment or app
Baseline measurement at the beginning of the program, so you know exactly what material you need to go through or can skip
Meet the periodic Wwft training obligation
Frequently Asked Questions
What customisation options are available?
We believe our programmes should offer practical relevance for every participant. That is why we are happy to tailor our standard programmes to align with what is happening within your organisation. You can personalise the content or combine topics from different DSI registers. Read more about the customisation options available.
What about reporting?
Demonstrable professional competence requires clear and reliable reporting. Within our online learning environment, you can therefore easily generate and export reports via a freely accessible dashboard. As an individual participant, you can track your own progress. Organisations can also appoint a contact person who has insight into the progress of the entire group of participants.
Hoe kan ik mij inschrijven?
The Ministry of Compliance maakt onderscheid tussen individuele inschrijvingen en aanmeldingen namens een organisatie. Als individu kun je via de website inschrijven door middel van de ‘Direct inschrijven’ button. Vervolgens kun je meteen van start.
Organisaties die meerdere cursisten tegelijk willen inschrijven, kunnen contact met ons opnemen. Wij nemen dan binnen één tot twee werkdagen contact met je op, zodat de cursisten zo snel mogelijk van start kunnen.
Personal advice
Interested in a hands-on training course that your employees will enjoy? Please feel free to contact us for more information about the possibilities.
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