Overview

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 FIsPerpetual Know Your Customer -p-KYCAdverse Media, Uses, Sources and Its Importance in CDD/KYC ComplianceTypes of Screenings and Examples - PEP, Sanction, and Negative MediaMoney Laundering, Its Purpose and AimsExample of Money Laundering Activity Example of Money Laundering Activities (Illegal Business Cases)Example of Money Laundering Activity - Restaurant Chain BusinessInstitutions Exposed to Financial Crime Risks including Money Laundering RisksAnti-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 Management Committee, and FunctionsRoles of Compliance FunctionCoordination and Reporting by Compliance FunctionCDD/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.

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