Customer Due Diligence AML Controls and Procedures

KYC, CDD, EDD & AML Risk Inclusive
Customer Due Diligence AML Controls and Procedures
File Size :
132.99 MB
Total length :
0h 58m

Category

Instructor

g-Log Consult

Language

Last update

Last updated 9/2017

Ratings

4.2/5

Customer Due Diligence AML Controls and Procedures

What you’ll learn

Understand what AML – Customer Due Diligence is? Also the different types of AML due diligence
Pros and Cons of not observing due diligence in your organisation
Know the best standards for formulating excellent KYC/CDD strategies
How to design a standard KYC/CDD Policy for your business
Steps needed to take for Customer Due diligence according to FATF recommendations
Learn about enhanced due diligence (EDD), when it is used and how to de-risk your client
Learn how to identify risk, risk profile customers, transactions and regions according to AML principles….
Bonus – Audio on AML Risk

Customer Due Diligence AML Controls and Procedures

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

Description

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 followingWhat 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 guideUnder 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 availableEnhanced Due Diligence (EDD) – what is it all about and when is it applied, how do you de-escalate enhanced risk etcLearn about record keeping and its relevance to CDD/EDD processes. What financial records are expected to be kept etcWe will examine the essentials of a proper KYC/CDD strategy and why we need to have a good strategy in placeAnd lastly, we will examine AML risks in details – Region, Product, Customer Transaction.

Overview

Section 1: Course Overview – Video

Lecture 1 Overview

Section 2: KYC – Know Your Customer

Lecture 2 KYC-Know Your Customer

Lecture 3 Article- Understanding KYC

Section 3: CDD – Customer Due Diligence

Lecture 4 CDD -Customer Due Diligence

Lecture 5 CDD Additional Resource

Section 4: EDD – Enhanced Due Diligence

Lecture 6 EDD – Enhanced Due Diligence

Section 5: AML Risk

Lecture 7 What is AML Risk

Anyone in customer relations, operations, management, compliance, front office staff, bank tellers, Human Resource,Students, financial institution interns, new hires,Criminal Law students, Fraud analysts

Course Information:

Udemy | English | 0h 58m | 132.99 MB
Created by: g-Log Consult

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