Globally, criminals, terrorist financiers, tax evaders, human traffickers and sanctions busters all attempt to disguise their identity. In the digital world it is important to harness investigative skills when navigating the swathes of information that exist in when conducting online searches for the purposes of Customer Due Diligence (CDD).
When profiling clients for Customer Due Diligence purposes most Internet users default to conducting searches of Google. Whilst an excellent resource Google is estimated to have indexed 60 trillion web pages, but that only represents about 5% of the amount of information that is actually available on the Internet.
Most Web users don’t bother looking beyond Page 1 of their search returns and just go on to enter another search query. Teaching users to search in a more focused fashion saves organisations time and money. It is also vital to be in possession of good quality data when conducting your online Enhanced Due Diligence enquiries. This course will show you how to discern the difference between information and intelligence.
The Internet is a huge repository of data that can be an extremely valuable tool for analysts, researchers and investigators. Whether you are handling AML due diligence, compliance, fraud control or even cyber security itself, good online investigation skills and techniques now form an essential part of your job. Online investigation has changed dramatically over the last years or so. The main reason for this is the growth of resources available online from a computer, tablet or smartphone. An experienced professional can complete in-depth, online research in mere minutes if he or she knows the best places to look for accurate and up to date information.
Due dilligence is generally associated with companies who operate in the financial services to ensure that risks are identified promptly and important Anti-Money laundering (AML) regualtions are complied with. However, it can equally apply to a businees acquisition or potential invetment. Delegates will benefit by developing an enhanced understanding of policies and procedures that should be in place to meet the challenges of the conflicts between privacy laws and conducting effective online CDD. Whilst at the same time leveraging the internet, social media and similar media to identify subjects.
The course is addressed to:Compliance officers, Money Laundering Compliance officers, professionals engaged in risk management, internal audit, fraud departments, investigators in the private sector and government, finance, retail, government, legal, insolvency sectors.
This course covers 5 modules which are examining the various essential areas of Due Diligence:
1. Understanding the Internet
A focus on understanding the technology behind the Internet and providing the knowledge that will help you improve your searches. We will demonstrate what the surface, deep and dark web are and how they are relevant to conducting EDD. Also covered will be relevant terminology, your digital footprint and interactive practical exercises
2. Planning for a successful EDD investigation
In this session we will be examining the importance of planning, how to search in a more focused, logical manner to obtain better results and how to maintain effective records.
3. Credibility and validation
The abundance of false, malicious or questionable online information has the potential to misdirect investigators. In this session we discuss the importance of being able to discern between credible and non-credible sources providing examples to assist.
4. Advance searching
In this session we will take you to the next level of searching. We will show you tools and techniques that will allow you access to the sorts of information needed to make an in-depth assessment of the person, persons or entities you are researching. This will include a presentation about using social media profiles.
5. Online security
Often overlooked is the need to be aware of online security and the numerous ways in which an investigation can be compromised. This session deals with the level of monitoring across the Internet and how risks can be mitigated with both technology and good practice.
Delegates will require access to a laptop or desktop computer.
A course for Due Diligence practitioners delivered by someone with hands on experience of online investigations and Enhanced Due Diligence enquiries. Highly practical.The instructor blends theory with highly practical case studies and examples derived from his long international experience on internet investigations.
*The course may be approved for up to 4CPD units verified directly by the participant's association, regulator or other bodies which holds membership.
** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.
*Group rates available. **Early Bird discount may apply.
This course can be offered inhouse, customised to your business needs.
THIS COURSE IS NOT SUBSIDIZED BY HRDA, PLEASE IGNORE THE DOCUMENTS YOU MIGHT RECEIVE UPON YOUR REGISTRATION.
Method of instruction
Theodoros Stavrou was born in 1973. He studied Civil Engineering and he also got a degree in Management from the Henley Management College of London. He is also a holder of a Master in Business Administration (MBA) and an Accredited Money Laundering Specialist (CAMS). In 2001 he joined MOKAS, the FIU of Cyprus as an Investigator on Money Laundering and Terrorist Financing cases. Apart from his main duties as investigator and throughout the 17 years of Mr. Stavrou in MOKAS he was also the representative of Cyprus in different organisations like Europol, the MONEYVAL committee of the Council of Europe, FIU.net and others. He introduced in Cyprus FIU the automated system for the submission and analysis of suspicious transactions/activities reports being the project manager of the relevant project. This system is now being used by the FIU and all obliged entities in Cyprus. Since 2017 Mr. Stavrou is working in the banking Sector Leading Compliance Departments. He is now the Head of Compliance of Société Générale Bank – Cyprus and he is the person responsible for the AML/CFT/Sanctions and Regulatory compliance of the Bank.
For Companies and Unemployed Individuals, the prices shown below are after the deduction of the HRDA subsidy.
More information is provided during the registration process, including the HRDA Terms and Conditions for eligibility.
VAT (19%) is included on the prices below.