Customer Due Diligence: AML Controls and Procedures
- 4.2
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Brief Introduction
KYC, CDD, EDD & AML Risk InclusiveDescription
This is a three topic course compressed into a three-part module course plus one making it four (4) courses. These will extensively address the following
What KYC is, as defined extensively
Why KYC is necessary, why financial institutions like banks, insurance companies and others are easy AML targets
Learn the importance of KYC as advised by local and international standard setters
What KYC aims to achieve. Why financial institutions must go beyond just identifying their customers to familiarising themselves. Why this is necessary. Learn also about the KYC guide
Under CDD, we will define CDD, and draw a line between KYC and CDD. We will also explain why CDD is Importance and what best standards are available
Enhanced Due Diligence (EDD) - what is it all about and when is it applied, how do you de-escalate enhanced risk etc
Learn about record keeping and its relevance to CDD/EDD processes. What financial records are expected to be kept etc
We will examine the essentials of a proper KYC/CDD strategy and why we need to have a good strategy in place
And lastly, we will examine AML risks in details - Region, Product, Customer Transaction.
Requirements
- Requirements
- You should have a basic understanding of customer identification and acceptance
- Legal basis for identifying and verifying customers
- You should have basic AML Knowledge
g-Log Consult
4.2 Raiting
Customer Due Diligence: AML Controls and Procedures
- 4.2
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KYC, CDD, EDD & AML Risk Inclusive This is a three topic course compressed into a three-part module course plus one making it four (4) courses....
Anti-Money Laundering Concepts: AML, KYC and Compliance
- 4.4
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(Highest number of Students Enrolled) Anti-Money Laundering(AML), AML policies, AML KYC & AML Compliance Course enrollment grants you lifetime access, with no expiration, to all the course lectures....
FATF Recommendations on High Risk Customers and Activities
- 0.0
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FATF Recommendations on AML / CFT for High Risk Customers and Activities PEPs and Correspondent Relationships Do you know why companies and institutions are being penalized by regulators?...
