Overview: The Analyst-Level KYC Training Program offered by AML Custodians is designed to equip analysts with the essential knowledge and skills needed to perform effective Know Your Customer (KYC) procedures. This comprehensive training program covers key concepts, regulations, and best practices in KYC compliance, enabling participants to enhance their understanding and proficiency in conducting due diligence on customers.

Schedule: 19-Oct'24 , Total 180 minutes of practical training on KYC and core concepts which will be delivered on 2 days

Program Duration:

• The training program is typically conducted over a period of 2 days, with each module spanning approximately 4 hours of instruction.

Target Audience:

• Analysts, junior compliance officers, and other professionals involved in KYC compliance and customer due diligence processes.

Certification:

• Participants who successfully complete the Analyst-Level KYC Guidance Training Program will receive a certificate of completion from AML Custodians, demonstrating their proficiency in KYC compliance and due diligence practices.

Trainer: Hemanth K

Program Modules:

Module 1: Introduction to KYC Compliance

• Overview of KYC principles and objectives

• Regulatory framework and compliance obligations

• Importance of KYC in combating financial crime

Module 2: Customer Identification and Verification

• Types of customer identification documents

• Verification methods and procedures

• Red flags indicating potential identity theft or fraud

Module 3: Risk Assessment and Categorization

• Understanding customer risk profiles

• Risk factors and indicators

• Risk-based approach to KYC and customer due diligence

Module 4: Customer Due Diligence (CDD)

• KYC documentation requirements

• Conducting background checks and screening

• Assessing and documenting customer risk levels

Module 5: Enhanced Due Diligence (EDD)

• Circumstances warranting EDD measures

• Enhanced screening techniques and tools

• Developing risk mitigation strategies for high-risk customers

Module 6: Monitoring and Reporting

• Ongoing monitoring of customer activity

• Identifying suspicious transactions and behaviors

• Reporting obligations and procedures for filing suspicious activity reports (SARs)

Module 7: Communication and Collaboration

• Effective communication with internal stakeholders

• Collaborating with compliance, legal, and investigative teams

• Resolving KYC-related issues and challenges