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End to End AML KYC (Anti-Money Laundering and KYC)

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End to End AML KYC (Anti-Money Laundering and KYC)

Grab professional skills in KYC, CIP, PEP, Sanctions, SAR and Risk based Assessment (RBA), Transaction Monitoring

4.0

(773)

2451 enrolled on this course

Last updated 11/2021

Surendra Reddy B

₹ 799.0

₹ 2299.0

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Lessons

Quizzes

Duration

13 Hours

Skill level

Beginner

Language

English

Certificate

Yes

Full lifetime access

Yes

Description

Money Laundering is one of the biggest threats to financial institutions and companies in the world.
Millions of dollars are spent annually by organizations in managing the Money Laundering risks.
KYC specialists are hired on very high packages around the world, to oversee the compliance culture.
The main purpose of this course is teaching end to end KYC process and key topics, which will be used in real time job. here we will teach all the concepts belongs to AML KYC process, including Sanctions, how to perform screening in correct way, politically exposed persons, Suspicious Activity Report, Risk based assessment, Customer due diligence, enhanced customer due diligence and much more, post completion of this course you will gain more knowledge in KYC process and you can able to use same knowledge into your day-to-day work.
In this course we have discussed important concepts in prat of KYC process.
In this course we will be discussing so many definitions in the KYC process and what are the key concepts should know to perform Customer Identification and verification process, what are the public source and how to use them in your KYC review for your clients.
Your learning journey will cover a number of important KYC Concepts, including:
What is KYC?
What is the Risk-based Assessment?
What is Customer Due Diligence (CDD)?
What is Enhanced Due Diligence (EDD) and what are Politically Exposes Persons (PEPs)?
What is Risk based Assessment (RBA)?
How Will You Be Benefitted Through This Course?
This course will help you in your job if you are doing a job in a company or institution, as:
Compliance Analyst,
AML Analyst,
KYC Analyst
CFT Analyst
Who this course is for:
People who want to become a KYC Analyst
People who are starting their career in AML KYC
People who are shifting their career to AML KYC

What you'll learn

End to end AML KYC

Complete Understanding of Customer Identification

What are Sanctions

What is Suspicious Activity Report or SAR

Key concepts of KYC

What is Politically Exposed Persons or PEPs

Customer Identification and Onboarding

Transaction Monitoring

Requirements

You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
No previous design experience is needed.
No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures

Expand All Sections

1-Introduction to Know Your Customer (KYC)

1.1-What is KYC

1.2-Why does KYC matter

1.3-Who needs to have KYC processes and how does KYC work

1.4-What are the requirements for KYC

1.5-What’s the difference between AML and KYC

1.6-Traditional KYC processes and KYC Registries

2-Customer Identification Program (CIP)

2.1-What is End-to-End KYC

2.2-Legal Name of the Individual

2.3-What is legal name of the entity

2.4-Finding Legal name of the entity

2.5-What is Legal entity

2.6-Legal Entity Identifier or LEI

2.7-Finding LEI codes online

2.8-What are L-E-I Codes in Banking

2.9-What is Trade Name

2.10-Trade name search

2.11-What is legal address also known as domicile address

2.12-Registered Address

2.13-Finding Domicile or Registered address

2.14-Principal Place of Business (Business Address, PPOB)

2.15-Date of Incorporation

2.16-Finding Incorporation date

2.17-Bearer Shares

2.18-What is Payable Through Account

2.19-Tax Residence

2.20-Tax Haven Country

2.21-Tax identification Number (TIN)

2.22-Finding TIN

2.23-What is Shell Company or Corporation

2.24-Finding Shell Company

2.25-Front Company

2.26-Ownership Structure

2.27-Understanding the Control and Ownership Structure

2.28-Finding Ownership Structure

2.29-What is a Company Registration Number (CRN)

2.30-Finding CRN

2.31-Beneficial Ownership

2.32-What is an Ultimate Beneficial Owner

2.33-Offshore Banking Account or Offshore banking license

2.34-Offshore Banking Unit (OBU)

2.35-Public Traded Company

2.36-Finding Public Traded company

2.37-Financials

2.38-Finding Financials

2.39-Financial Regulation

2.40-Financial Industries or Institutions

2.41-Source of Wealth

2.42-Source of Funds

2.43-Importance of Source of Funds and Source of Wealth

2.44-What is the Gatekeeper Initiative in KYC

2.45-Money Services Business also known as MSB

2.46-NAICS & SIC Codes

2.47-Finding NAICS & SIC Code

2.48-What is SSN

2.49-What are the Types of Business Ownership

2.50-What is W-8 Form

2.51-What is W-9 Form

3-Sanctions

3.1-What are Sanctions

3.2-Types of Sanctions

3.3-Sanctions in KYC

3.4-Sanctions Screening

3.5-How does Sanctions Screening Work

3.6-When do we need Sanctions Screening

4-Politically Exposed Person (PEP)

4.1-Politically Exposed Person or PEP

4.2-Types of PEPs

4.3-Identifying whether a customer or Beneficial Owner is a PEP

4.4-Monitoring transactions of high-risk PEP’s

4.5-When a PEP leaves their position

5-Risk Based Assessment (RBA)

5.1-Risk Based Assessment RBA

5.2-Customer Risk

5.3-Geographic Risk or Country Risk

5.4-Product Risk or Service Risk

5.5-Sector Risk or Industry Risk

6-Suspicious Activity Report (SAR)

6.1-What is Suspicious Activity Report or SAR

6.2-When does a suspicious activity report required

6.3-How confidential are suspicious activity reports

6.4-Sources for identifying suspicious activity

6.5-Documentation requirements for SAR

6.6-Notifying Senior Management

7-Customer Due Diligence (CDD)

7.1-What is CDD

7.2-CDD Requirements

7.3-Streamlining the CDD

7.4-Ongoing Monitoring & Screening

7.5-Why Is CDD Important

7.6-Difference Between KYC and CDD

8-Enhanced Due Diligence (EDD)

8.1-What is EDD

8.2-When is EDD Required

8.3-Enhanced Due Diligence (EDD) Risk Factors

9-Transaction Monitoring

9.1-What is Transaction Monitoring System

9.2-What is the importance of transaction monitoring in the financial industry

9.3-Transaction Monitoring Tools

9.4-Automation of Software Technology

9.5-What is Alert

9.6-Types of Alerts

9.7-Time Line for Alerts

9.8-Final Action on Pending Alerts

9.9-Software tools for Transaction Monitoring

9.10-Types of Thresholds

9.11-Structuring

9.12-Micro Structuring

9.13-Smurfing

9.14-Wash Transactions or Rapid Movement of Funds

9.15-Large Transactions

9.16-Wire Transactions

9.17-Non-Wire Transactions

9.18-Funds Received or Transferred to High-Risk Jurisdictions or Sanctioned Country

9.19-What is Case study and what you will learn in this case study

9.20-What is Rule Based Approach or Level One Team

9.21-Instructions for Rule-Based Approach or Level One

9.22-Alerts for Demonstration

9.23-Case Study 1

9.24-Case Study 2

9.25-What is Risk-Based Approach or Level Two Team

9.26-Negative Media Screening or Adverse Media screening

9.27-PEP (Politically Exposed Person) Screening

9.28-Sanction Screening

9.29-CRS Tool

9.30-RFI or Request for Information

9.31-Instruction for Risk Based Approach or Level Two team

9.32-Bank in House Team or Level Three Team

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