ThePRACTICAL focus on:
Part1
· Onboardingthe client
· Firstappointment
· Duringthe transaction period
· Endof transaction
· Documentation
· Filing
· Keepingfor 5 years
Part2
· MoneyLaundering
· TerroristFinancing
· ProliferationFinancing
Part3
· Different products and services lead to different clients.
· Samesteps, different timeframes.
Rentals
- Tenant
- Landlords
Sales
- Purchasers
- Sellers
HumanResources
- Employees
Part4 (live demo, when to, outcome, and action)
· RMCP and Forms covering
· Client ID and verification
- Customer Due Diligence
- Ongoing Due Diligence
- Enhanced Due Diligence
· TFS and Open Media searches
- Red flags
- The possibility ofreporting
· Risk rating and outcome
- National
- Institutional
- Business
- Client
· PEPS, PIPS and outcome (Domestic, Foreign and nearest/dearest)
· Beneficial ownership
· Comparisons with the FICA history of clients
· Reporting possibility
· Record-keeping
- What to keep in files
- How to keep files
- Options