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: 02-Nov'24 , Total 180 minutes of practical training on KYC and core concepts which will be delivered in 1 day
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