Customer Due Diligence and Know Your Customer Fundamentals

Descripción

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. By attending this course, you can download Free Resources, including the following; - AML/CFT CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS Topics Covered in the Course: Customer Due Diligence (CDD), Its Purpose and Requirements Enhanced Due Diligence (EDD) Measures Types of Customer Due Diligence - Simplified, Standard, and Enhanced Due Diligences Customer Due Diligence - Risk Identification, Risk Statement and Control Mapping High-Risk Customers and Accounts Politically Exposed Persons (PEPs) NGO, NPO and Charity Accounts (CDD/KYC) Know Your Customer (KYC), Its Purpose and Capabilities Electronic Know Your Customer (e-KYC), Purpose and its Capabilities e-KYC Frauds and Prevention Measures for FIs Perpetual Know Your Customer -p-KYC Adverse Media, Uses, Sources and Its Importance in CDD/KYC Compliance Types of Screenings and Examples - PEP, Sanction, and Negative Media Money Laundering, Its Purpose and Aims Example of Money Laundering Activity Example of Money Laundering Activities (Illegal Business Cases) Example of Money Laundering Activity - Restaurant Chain Business Institutions Exposed to Financial Crime Risks including Money Laundering Risks Anti-Money Laundering (AML) Important AML Compliance Sources for Regulatory Requirements and Risks Extraction Purpose of AML Compliance Sources Knowledge Test - Compliance Sources FATF 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 Institution Roles of Key Stakeholders in CDD/KYC Compliance - Board, Compliance Management Committee, and Functions Roles of Compliance Function Coordination and Reporting by Compliance Function CDD/KYC Practical Case Scenarios Different 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 DOWNLOADABLE CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS By attending this course, you will be able to freely download the following AML/CFT and CDD/KYC/EDD Checklists for your more practical learning and understanding; • CDD KYC Checklist • EDD and Suspicious Transaction Reporting Checklist • Transaction Monitoring and Red Flags Checklist • AML CFT Program - Internal Audit Checklist • CDD KYC Screening Checklists - Customer, beneficial Owner, PEP, Negative Media Screening Checklists What are the Key benefits of Attending This Course: CDD/KYC comprehensive knowledge Understanding CDD/KYC aspects through practical examples and scenarios Ability to appear in an interview for AML/KYC Compliance, Risk Management, and Audit Jobs Course Completion Certificate Who 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.

Lo que aprenderás

• 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
• DOWNLOADABLE AML/CFT CHECKLISTS - AML CFT / CDD KYC EDD TM AND AUDIT CHECKLISTS
• DOWNLOADABLE - CDD KYC SCREENING CHECKLISTS - Customer, beneficial Owner, PEP, Negative Media Screening Checklists

Requisitos

• 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.