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ACAMS 19th Annual International AML & Financial Crime Conference

CAR1.3 - Domestic and Foreign PEPs: Exploring Practical Strategies for Effective Identification and Monitoring

Mar 17, 2014 4:40pm ‐ Mar 17, 2014 5:55pm


  • Reviewing FATF’s new definition of a PEP
  • Ensuring a solid risk-based approach when implementing controls, CDD processes and transactions to mitigate the risks presented by PEPs
  • Leveraging public databases and vendor-supplied lists to flag PEPs who do not self-identify
  • Establishing very specific internal policies on making the decision whether or not to bank a PEP
  • Staying on top of the PEP EDD process: Enhancing AML monitoring alerts, identifying source of funds and confirming declarations from their governments


  • Cindy Sadaphal, CAMS, Attorney at Law, Co-Founder & Director, ACPTT
  • Ryan Bahadur, CAMS, FRM, Senior Vice President, Operational and Regulatory Risk, Cayman National Corporation
  • Larissa Bernardes, Web Editor, ACAMS moneylaundering.com
  • Andrea Saunders, CAMS-Audit, Founder and Chief Compliance Consultant, Risk & Compliance Consultancy Services Ltd

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