Overview: This enhanced program aims to equip analysts with essential KYC knowledge and hands-on experience using AML Custodians AI. Participants will learn to perform effective KYC procedures, understand key concepts, regulations, and best practices, and apply AI tools to streamline and enhance KYC processes.

Schedule: Starting from 08-Feb'25 Practical training on KYC and core concepts which will be delivered in 5 day

Target Audience: Analysts, junior compliance officers, and professionals involved in KYC compliance and customer due diligence processes.

Certification: Participants who successfully complete the program will receive a certificate of completion from AML Custodians, demonstrating proficiency in KYC compliance, due diligence practices, and the application of AI in KYC processes.

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: Practical Application of AML Custodians AI

  • Introduction to AML Custodians AI features

  • Hands-on training:

    • Automated customer onboarding

    • Document verification using OCR capabilities

    • Risk profiling and scoring

    • Continuous monitoring and alerting

  • Case studies:

    • Participants analyze sample customer profiles using AML Custodians AI

    • Identify potential red flags and generate compliance reports

  • Discussion on integrating AI tools into existing KYC processes

Module 8: Communication and Collaboration

  • Effective communication with internal stakeholders

  • Collaborating with compliance, legal, and investigative teams

  • Resolving KYC-related issues and challenges

Learning Outcomes: By the end of this program, participants will:

  • Understand KYC principles, regulatory frameworks, and compliance obligations.

  • Be proficient in customer identification, verification, risk assessment, and due diligence processes.

  • Gain practical experience using AML Custodians AI to enhance KYC procedures.

  • Develop skills to identify and mitigate risks associated with customer onboarding and monitoring.

  • Enhance communication and collaboration skills within compliance and investigative teams.

Materials Provided:

  • Access to AML Custodians AI demo platform for 30 days only

  • Case study data and templates

Technical Requirements:

  • Stable internet connection

  • Devices (laptops or tablets) for participants

  • Access to AML Custodians AI software

Next Steps:

  • Encourage participants to explore and integrate AML Custodians AI in their organizations.

  • Provide post-training support and resources.

  • Offer advanced-level certification programs for further expertise.

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