Customer Due Diligence and Know Your Customer Fundamentals

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Governance Risk and Compliance GRC

4:33:41

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1. Introduction

1. Introduction.mp4

05:19

2. Importance of Customer Due Diligence and Know Your Customer (CDDKYC)

1. Why CDD and KYC Measures are Required in Financial Institutions.mp4

01:35

2. Topics Covered in this CDD and KYC Compliance Course.mp4

04:25

3. The Importance of Customer Due Diligence and Know Your Customer (CDDKYC).mp4

10:41

3. Customer Due Diligence (CDD)

1. What is Customer Due Diligence (CDD).mp4

03:05

2. Customer Due Diligence (CDD) Process, CDD Requirements and CDD Aims.mp4

06:19

3. Customer Due Diligence (CDD) of a Corporate Client.mp4

05:08

4. CDD Information Requirements for Corporate Clients.mp4

04:43

5. CDD and Monitoring of Transactions.mp4

01:40

6. Example 1 - Normal CDD Case - Corporate Client.mp4

02:03

7. Example 2 - Suspicious CDD Case - Corporate Client.mp4

04:27

8. What Financial Institutions Should Do and Should Not Do - CDD.mp4

03:07

9. 3 Types of Customer Due Diligence (Simple, Standard and Enhanced).mp4

07:03

10. Explanation of Enhanced Due Diligence (EDD) Measures.mp4

04:18

4. 3 Major Types of Customers for Financial Institutions

1. 3 Major Types of Customers for Financial Institutions (Low. Moderate and High).mp4

05:50

2. Quiz - Types of Customers.mp4

02:37

5. Adverse Media, Uses, Sources and Its Importance in CDDKYC Compliance

1. What Is Adverse Media, What are Its Sources, Uses and Importance in CDDKYC.mp4

09:25

6. Customer Due Diligence - Risk Identification and Control Mapping

1. Customer Due Diligence - Risk Identification, Risk Statement and Control Mapping.mp4

14:33

7. Know Your Customer (KYC)

1. Understanding Know Your Customer (KYC).mp4

06:52

2. Purpose and Aims of Know Your Customer (KYC).mp4

03:57

3. Initial KYC Information Requirements.mp4

01:54

4. Understanding Electronic Know Your Customer or eKYC.mp4

02:24

5. Identification of Suspicious Person or Transaction at KYC Stage - What To Do.mp4

05:29

6. Capabilities of e-KYC Measures.mp4

02:53

7. eKYC Frauds.mp4

02:39

8. eKYC Fraud Prevention Measures for Institutions.mp4

04:58

8. Types of Screening

1. Politically Exposed Person (PEP) Screening.mp4

03:03

2. Example PEP Screening.mp4

01:37

3. Sanction Screening.mp4

01:46

4. Negative Media Screening.mp4

04:43

5. Example Negative Media Screening.mp4

01:05

6. What Institutions Should Do -Targeted Sanction Designated Proscribed Persons.mp4

04:15

7. Designated and Proscribed Persons - Screening and Other Requirements.mp4

03:02

9. Money Laundering and Anti Money Laundering (AML)

1. What is Money Laundering.mp4

03:55

2. Purpose of Money Laundering.mp4

02:33

3. Why Money Laundering Occurs.mp4

01:43

4. Institutions Exposed to Financial Crime Risks including Money Laundering Risks.mp4

02:38

5. Example 1 - Money Laundering Activity.mp4

02:42

6. Example 2 - Money Laundering Activity (Business Case).mp4

02:44

7. Example 3 - Money Laundering Activity - Restaurant Chain Business.mp4

05:26

8. What is Anti-Money Laundering (AML).mp4

01:47

9. Purpose of Anti-Money Laundering (AML).mp4

04:05

10. Internal and External AML, CDD and KYC Compliance Sources

1. List of Internal and External AML, CDD and KYC Compliance Sources.mp4

07:00

2. Purpose of AML, CDD and KYC Compliance Sources.mp4

02:52

3. Test of Knowledge - Compliance Sources.mp4

01:28

4. Answers to Test of Knowledge - Compliance Sources.mp4

01:39

11. Overview of Bank Secrecy Act (BSA) CDD Requirements

1. Overview of Bank Secrecy Act (BSA) - CDD Requirements.mp4

06:49

12. Financial Action task Force (FATF) CDD, Wire Transfers and PEPs Recommendations

1. Overview of FATF Recommendations on Customer Due Diligence (CDD).mp4

03:42

2. FATF Recommendations - When to Perform CDD Measures.mp4

02:29

3. FATF Recommendations - Wire Transfers.mp4

04:42

4. FATF Recommendation - Politically Exposed Persons (PEPs).mp4

07:33

5. FATF Recommendation - Example Performing EDD for PEP Account.mp4

07:10

6. High Risk Accounts - NGO NPO Charity Accounts - Overview of AMLCDD Requirements.mp4

03:18

13. KYC Governance Model, Roles of Board, Committees and Function

1. KYC Governance Model and Structure.mp4

06:39

2. Board Level and Management Level Compliance Committees.mp4

01:36

3. Management Compliance Committee Model.mp4

02:49

4. Roles of Board Level Compliance Committee (BCC).mp4

03:43

5. Roles of Management Compliance Committee (MCC) - CDD KYC.mp4

04:18

6. Roles of Compliance Function.mp4

04:46

7. Further Roles of Compliance Function.mp4

03:50

8. Coordination and Reporting by Compliance Function.mp4

01:48

14. Case Scenarios - AMLCDDKYC

1. Scenario 1 - Account Opening Investigation and Enhanced Due Diligence Actions.mp4

11:31

2. Scenario 2 - Fake Accounts Investigation and Compliance Actions Taken.mp4

09:31

Description

Learn CDD/KYC Regulatory Requirements, CDD/KYC Governance Model, Committees, Functions, Examples and Practical Scenarios

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

Who is this 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

What You Need to Know?

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.

More details

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),Â 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.
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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
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
Examples of Money Laundering Activities (Illegal Business Cases)
Anti-Money Laundering (AML)Â
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 Committees, and Functions
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

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.
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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Hello,Welcome to Governance, Risk, and Compliance (GRC) courses, prepared by a professionally experienced, and qualified Instructor. The instructor has more than 15 years of professional working experience in different organizations including, Banks, Financial Institutions, Big 4 Advisory firms and, other regulated entities. The aim of the instructor is to provide practical knowledge and understanding related to Compliance, Financial Crime, AML / CFT, IS Security, and Risk Management including Compliance Risk Management (CRM), Operational Risk Management (ORM), Audit, and Internal Controls. The instructor is a Compliance, and Risk Management Professional and a Certified Public Accountant. He provides training to the professionals, working in Governance, Internal Controls, Risk Management, and Regulatory Compliance functions of the organizations. You are welcome to join the courses.Happy Learning.

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