This specialized course addresses the unique anti-financial crime challenges and requirements in private banking and wealth management environments. Participants will learn about the specific risks associated with high-net-worth individuals, complex investment structures, and cross-border wealth management. The course covers enhanced due diligence requirements, source of wealth verification, and ongoing monitoring techniques tailored to private banking operations. Through case studies and practical exercises, learners will develop the expertise needed to implement effective AFC controls in wealth management contexts.
Anti-Financial Crime (AFC) in Private Banking and Wealth Management
Anti-Money Laundering AML/CFT
October 25, 2025
Introduction
Objectives
Key Learning Objectives:
- Understand unique AFC risks in private banking and wealth management
- Master enhanced due diligence requirements for high-net-worth clients
- Learn source of wealth and source of funds verification techniques
- Develop skills in complex ownership structure analysis
- Understand cross-border wealth management risks
- Learn investment product-specific risk assessment
- Master ongoing monitoring techniques for private clients
- Understand regulatory expectations for wealth management compliance
- Develop relationship management skills in AFC context
Target Audience
- Private bankers and relationship managers
- Wealth management compliance officers
- Family office professionals
- Investment advisors and portfolio managers
- Trust and estate planning professionals
- AML/CFT specialists in wealth management
- Risk management professionals
- Legal and tax advisors
Methodology
- Case studies of wealth management AFC failures
- Source of wealth verification exercises
- Complex structure analysis workshops
- Relationship management role-playing
- Regulatory requirement analysis
- Industry expert presentations
- Peer discussion and best practice sharing
Personal Impact
- Enhanced understanding of wealth management risks
- Improved due diligence and investigation skills
- Stronger relationship management capabilities
- Better risk assessment and decision-making
- Increased confidence in high-net-worth client management
- Career advancement in private banking compliance
Organizational Impact
- Reduced AFC risks in wealth management
- Enhanced regulatory compliance and examination readiness
- More effective client risk management
- Improved reputation and client trust
- Stronger governance and oversight framework
- Better resource allocation for high-value relationships
Course Outline
Unit 1: Private Banking Risk Landscape
Unique Risk Factors- High-net-worth individual risks
- Complex investment structures
- Cross-border operations and jurisdictions
- Confidentiality and privacy considerations
- Wealth management specific regulations
- PEP and high-risk client requirements
- Cross-border compliance obligations
- Enforcement case studies and lessons
Unit 2: Client Onboarding and Due Diligence
Enhanced Due Diligence- Source of wealth verification techniques
- Background investigation methodologies
- Family office and trust due diligence
- Senior management approval processes
- Client risk scoring models
- Investment risk categorization
- Geographic risk assessment
- Behavioral risk indicators
Unit 3: Complex Structures and Vehicles
Ownership Analysis- Trust and foundation due diligence
- Corporate structure complexity assessment
- Nominee and intermediary relationships
- Beneficial ownership verification
- Private equity and hedge fund risks
- Offshore investment structures
- Real estate holding vehicles
- Art and collectible investments
Unit 4: Ongoing Monitoring and Review
Transaction Monitoring- Wealth management transaction patterns
- Investment activity monitoring
- Lifestyle and behavioral monitoring
- Trigger events and re-assessment
- Client review scheduling
- Wealth evolution tracking
- Relationship change assessment
- Documentation updates and validation
Unit 5: Program Governance and Culture
Compliance Program- Wealth-specific policies and procedures
- Training and awareness programs
- Management oversight and reporting
- Independent testing and audit
- Balancing service and compliance
- Client communication techniques
- Conflict resolution strategies
- Reputation risk management
Ready to Learn More?
Have questions about this course? Get in touch with our training consultants.
Submit Your Enquiry