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€220
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How To Conduct Third Party Due Diligence
Dates
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- Delivered Online• to
- Delivered Online• to
Highlights
Live Online
5 CPD Units | 5 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Some 75 (OECD) - 91 (US) percent of the bribery and corruption settlements or convictions revolve around the use of third party intermediaries. Third party due diligence is therefore by far the most important anti-corruption control. If you can do only one thing in an anti-corruption program, it should be this. And while there are some similarities with a customer due diligence process, there are also important differences.
More-over, the upcoming EU legislation in respect of forced labour and environmental risks in the supply chain will broaden the scope of the third-party due diligence. During this training we will discuss the ECMC 8-step approach for third-party due diligence and practice using it. The training is interactive with lots of possibilities to ask questions.
Training Objectives
Participants of the programme, will be able to:
Understand the importance of conducting third party due diligence
Identify the relevant third parties
Understand and apply the ECMC 8-step approach towards third party due diligence
Use methods to mitigate or reduce risks
Training Outline
Theory
Why it is important to conduct third party due diligence
How to identify the third parties
The ECMC 8-step approach towards third party due diligence
How to mitigate or reduce bribery and corruption risks
ESG risks
Practice
Practice with one or more case studies
Who should attend
The course is ideal for professionals within the financial services sector, and will be particular benefit to:
Compliance and Ethics Managers and Officers
In-house counsel with responsibility for compliance
Company secretaries
Internal Auditors who audit compliance programmes
External Accountants who have to form an opinion on compliance risks and controls
Investigators
Service providers to the compliance community
Training Style
The programme is designed to deliver knowledge and enhance participants' skills, through an interactive approach that includes presentations, questions and answers, discussions, best practices and case studies.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
This training course may be approved as an external activity under the new ACAMS recertification category ''non-ACAMS credits'' for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Facilitators
Geert Vermeulen
The mission of Geert Vermeulen is to help organizations conduct business in an ethical and compliant way. Geert is specialized in establishing and improving ethics and compliance programs in general and anti-corruption programs in specific. In 2016 he founded ECMC: Ethics & Compliance Management & Consulting. ECMC provides compliance training, consulting services and interim and external ethics & compliance management. Geert also regularly speaks and writes on ethics and compliance. He obtained most of his experience in-house as the Chief Compliance Officer of Aon EMEA and the Global Head of Compliance of Damco, the freight forwarding arm of Maersk. He served as one of the Directors of the Netherlands Compliance Institute and has been the President of the Dutch Compliance Officers Association, where he founded the expert group on Financial Economic Crime. He is also a member of the expert groups on Culture and Behavior and ESG of the association. Besides that, he is a member of the Professional Advisory Committee of the Law Compliance Minor at The Hague University. When he won the National Compliance Award in 2020, he was labelled ‘the compliance guru’. In 2020 Geert launched his new company called ‘The Integrity Coordinator’. This company is an independent, external coordinator of whistleblowing or speak up procedures. The Integrity Coordinator receives the reports of whistleblowers and also coordinates the follow-up, communicating with the management and the whistleblowers and coordinating the investigation, if necessary. In the last 15 years Geert handled a couple hundred reports.