This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

This course, offered by KPMG Learning Academy, will be open to all industries namely, banks, financial institutions, remote gaming operators, virtual financial assets service providers, company services providers, accountants, and auditors. The course will provide a deeper understanding of perpetual KYC (“pKYC”), as an advanced approach to traditional customer due diligence (CDD), leveraging the use of artificial intelligence (“AI”) and machine learning (“ML”). This continuous monitoring solution to updating customer information enables firms to enhance their compliance with the applicable regulatory frameworks and reduce the risk of non-compliance and sanctioning. pKYC also enhances the customer experience of the product offering while improving operational efficiency. Following a quick overview of the basic principles of KYC, the training session will delve into the importance of maintaining proper CDD and record keeping. We will then review the advantages of pKYC over regular KYC practices and provide tips for implementation. We will also go through the regulatory obligations for maintaining proper and up-to-date KYC which emanate from the FATF recommendations, the EU AML directives, the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), and the FIAU Implementing Procedures.

Target Audience:

This training session will be targeted towards regulatory compliance professionals, risk managers, MLROs (including MLRO designates) and all staff members working within the AML function, and anyone with an interest in applying pKYC strategies within their field.

Learning Outcomes:

• Applicable FATF recommendations, EU, and national legislative frameworks
• An overview of CDD and record keeping
• Perpetual KYC (pKYC) – What is it?
• A comparison of Periodic, Hybrid, and Perpetual KYC
• Leveraging artificial intelligence (AI) and machine learning (ML)
• Tips for implementing pKYC at your workplace
• Practical Examples and Case Studies

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided to each participant after the session.

Trainer:

Luis Andre Pereira, Manager, Risk Consulting Advisory Services, KPMG in Malta

Luis is a Manager in AML for the Risk Consulting Advisory Services team at KPMG in Malta. He holds a Master’s Degree in Business Administration from ISCTE – University of Lisbon as well as being a recognised Anti-Money Laundering Specialist (CAMS) since 2021.

Luis has over a decade of experience in Banking with the majority focused on AML/CFT. These experiences were gained in banks with a worldwide reach and classified as G-SIBs. He has extensive experience in operational functions as part of different Transaction Monitoring departments, where he led 1st line AML and Q&A teams, constructed processes in line with AML/CFT requirements and in these functions, Luis gained expertise in Transaction Monitoring, Processes & Procedures, Analysis and Investigations, Team Management, Statistical Deliverables and Audit preparation.

For his role in KPMG, Luis is involved in the AML/CFT service line, leading and supervising engagements related to several scopes, such as gap analysis assessments, reviews of policies and procedures, compliance assessments, risk assessments and transaction monitoring system reviews.

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