What you'll learn:
Learn Customer Due Diligence (CDD), Know Your Customer (KYC), Enhanced Due Diligence (EDD) Measures
Learn Types of Customer Due Diligence (CDD) Simplified, Standard and Enhanced Due Diligences
Learn Know Your Customer (KYC) Concepts, Purpose and Requirements
Learn different Types of Customers, including High-Risk, Moderate Risk and Low Risk Customers
Learn Money Laundering and Anti-Money Laundering Measures
Examples of Money Laundering Activities - Business Scenario Cases
Learn Electronic Know Your Customer (e-KYC) Process
Learn e-KYC Frauds That Usually Occur in FIs and related Prevention Measures
Learn e-KYC Capabilities for FIs
Learn Financial Action Task Force (FATF) Recommendations - Customer Due Diligence (CDD)
Learn Financial Action Task Force (FATF) Recommendations - Wire Transfers and CDD
Learn Financial Action Task Force (FATF) Recommendations - Politically Exposed Persons (PEPs) with Case Example
Learn Different Types of Screening including PEP Screening, Sanction Screening and Negative Media Screening
Examples of PEP and Negative Media Screening
Learn AML Requirements for High Risk Accounts - NGO NPO and Charity
Learn about the CDD/KYC Governance Model and Structure with Monitoring Mechanism
Learn Roles of Governance, Board and Management Level Compliance Committees and Compliance Function related to CDD/KYC Compliances
Practical Scenarios including areas such as High-Risk Account Opening, PEP Discovery with Fraud, Fake Accounts, Investigation, and Taking Compliance Actions
Requirements:
There are no specific requirements to attend this course, however, knowledge of Compliance, including Anti-Money Laundering and Know Your Customer (AML/KYC) will help you.
Description:
This "Customer Due Diligence (CDD) and Know Your Customer (KYC)" course is a comprehensive course, that will take you from the basic to the advanced level understanding of CDD, EDD, and KYC measures and practices, being implemented in institutions. This course covers essentials of CDD/KYC, including concepts of robust CDD/KYC measures, types of due diligence measures, types of screenings, types of customers, ultimate beneficial owners (UBOs), manual and digital KYC processes, KYC information requirements, negative media, FATF Recommendations (CDD, Wire Transfers, PEPs), High-Risk Accounts and CDD/KYC, Proscribed Persons and Designated Persons, Sanctions, CDD/KYC Governance Model, Board and Management Compliance Committees Models, Committees Roles, Compliance Function and Its Roles related to AML/CDD/KYC, etc.Practical Case Scenarios are also covered in this course in addition to various CDD/KYC and ML examples.  Topics Covered in the Course:Customer Due Diligence (CDD), Its Purpose and RequirementsEnhanced Due Diligence (EDD) MeasuresTypes of Customer Due Diligence - Simplified, Standard, and Enhanced Due DiligencesCustomer Due Diligence - Risk Identification, Risk Statement and Control Mapping High-Risk Customers and AccountsPolitically Exposed Persons (PEPs)NGO, NPO and Charity Accounts (CDD/KYC)Know Your Customer (KYC), Its Purpose and CapabilitiesElectronic Know Your Customer (e-KYC), Purpose and its Capabilitiese-KYC Frauds and Prevention Measures for FIsAdverse Media, Uses, Sources and Its Importance in CDD/KYC ComplianceTypes of Screenings and Examples - PEP, Sanction, and Negative MediaMoney Laundering, Its Purpose and AimsExamples of Money Laundering Activities (Illegal Business Cases)Anti-Money Laundering (AML)  Important AML Compliance Sources for Regulatory Requirements and Risks ExtractionPurpose of AML Compliance SourcesKnowledge Test - Compliance SourcesFATF Recommendations on Customer Due Diligence (Overview)FATF Recommendations - When to Perform Customer Due Diligence (Overview)FATF Recommendation - Wire Transfers - Requirements (Overview) FATF Recommendations on Politically Exposed Persons (PEPs) (Overview)Example of PEP Account Opening Case Targeted Financial Sanction Requirements for FIs (PPs and DPs)KYC Governance Model and Hierarchy in an InstitutionRoles of Key Stakeholders in CDD/KYC Compliance - Board, Compliance Committees, and FunctionsCDD/KYC Practical Case ScenariosDifferent Practical AML/KYC Scenarios:Scenario 1: High-Risk Customer PEP Investigation Case - CDD/KYC and EDD Measures Scenario 2: Discovery of Fake Accounts, Compliance Investigations, and Action Steps What are the Key benefits of Attending This Course:CDD/KYC comprehensive knowledgeUnderstanding CDD/KYC aspects through practical examples and scenariosAbility to appear in an interview for AML/KYC Compliance, Risk Management, and Audit JobsCourse Completion CertificateWho Should Attend This Course?:This course is suitable for Compliance Professionals, including Chief Compliance Officers (CCOs), AML Analysts, Money Laundering Reporting Officers (MLRO), Deputy Money Laundering Reporting Officers, Compliance Risk Managers, AML Compliance Risk Assessment Professionals, Compliance Consultants, Branch Managers, Operation Managers, Customer Onboarding Officer and Managers, Business Heads working in FIs, Internal Auditors, and students of Compliance such as CAMS.
Who this course is for:
Compliance Professionals, Compliance Officers, CCO, AML Analysts, Account Opening Officers, Money Laundering Reporting Officers (MLROs), Compliance Risk Managers, Transactions Investigators, Internal Auditors, Branch Managers, Operation Managers
Chief Risk Officers (CROs), Risk Managers, Risk Analysts, Risk Officers
Professionals working in Banks, Money Service Businesses (MSBs), Payment Gateways, Remittance Companies, DNFBPs,
Professionals such as Accountants, Lawyers, Risk Managers
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