Course Description:
KYC & AML Foundation Course
Welcome to the KYC & AML Foundation Course offered by Cman Consulting. This course is designed to provide you with a comprehensive understanding of Know Your Customer (KYC) and Anti-Money Laundering (AML) practices, which are essential for a successful career in financial crime prevention. Whether you're just starting in the industry or looking to enhance your knowledge, this course will equip you with the tools and knowledge needed to navigate the complex world of financial crime compliance.
Through this course, you will explore the foundational concepts of KYC, AML, and related topics such as Sanctions, Politically Exposed Persons (PEPs), UBOs (Ultimate Beneficial Owners), and Control Ownership. By the end of the course, you’ll be able to identify risks, implement compliance measures, and apply practical strategies in real-world financial crime scenarios.
Course Curriculum:
Part 1: Introduction to KYC (Know Your Customer)
- Module 1: Understanding KYC
- What is KYC and why it’s important.
- KYC regulations and compliance standards.
- Module 2: The KYC Life Cycle
- Customer onboarding process.
- KYC verification and monitoring.
- Risk-based approach to KYC.
- Module 3: KYC Documentation and Information Gathering
- Identifying and verifying customer information.
- Required documents and procedures.
- Handling non-compliance and missing information.
- Module 4: KYC Best Practices
- Practical tips for KYC compliance.
- The role of financial institutions in KYC.
Part 2: Introduction to AML (Anti-Money Laundering)
- Module 5: Understanding AML
- What is AML and its purpose.
- Overview of global AML regulations.
- AML frameworks and compliance standards.
- Module 6: Methods of Money Laundering
- Placement, layering, and integration.
- Red flags and indicators of suspicious activities.
- Module 7: Suspicious Activity Reports (SAR)
- What is a SAR and when should it be filed?
- Case studies on filing SARs.
- Module 8: AML Best Practices
- Implementing AML policies and procedures.
- The role of financial institutions in detecting and preventing money laundering.
Part 3: Sanctions and Politically Exposed Persons (PEPs)
- Module 9: Understanding Sanctions
- What are economic sanctions and their purpose?
- Sanctions screening and compliance requirements.
- Major global sanctions lists (e.g., OFAC, EU).
- Module 10: Politically Exposed Persons (PEPs)
- Identifying PEPs and their associated risks.
- Enhanced due diligence (EDD) for PEPs.
- Compliance obligations when dealing with PEPs.
Part 4: UBOs and Control Ownership
- Module 11: Ultimate Beneficial Owners (UBOs)
- What are UBOs and why they matter.
- Identifying and verifying UBOs.
- Regulatory requirements for UBO identification.
- Module 12: Control Ownership
- Understanding control ownership structures.
- Identifying who controls a company and how.
- Legal requirements for transparency in ownership.
- Module 13: Best Practices for UBO and Control Ownership
- Tools and strategies for identifying UBOs.
- Case studies of UBO and control ownership structures.
Bonus Part 5: Final Assessment
- Comprehensive TestReview and assessment of all course topics.
- Scenario-based questions and case studies.
- Final exam to assess knowledge and understanding.
Course Features:
- Flexible Learning: Access the course materials at any time, from anywhere.
- Real-World Case Studies: Practical examples to help you understand how KYC, AML, and related regulations are applied in the industry.
- Final Certification: Upon successful completion of the course, you will receive a certificate of completion to boost your career in financial crime prevention.
- Expert Instruction: Learn from seasoned professionals in the field of financial crime compliance.
Enroll today to gain the skills and knowledge you need to excel in the world of financial crime prevention and compliance!
