KYC and Client Due Diligence
Category
AML/CFT
Format
e-Learning
Duration
45 – 60 minutes
Start
Anytime
KYC and Client Due Diligence
The money laundering and terrorism financing risks that financial institutions face, manifest themselves through the interaction with their customers. These same customers expect their banks to provide excellent service, and managing these seemingly competing interests carefully is a delicate process, fraught with risks.
Research shows that the amount of criminal money laundered every year is approximately equal to 2.7% of global GDP. The same research estimates that the financial sector accounts for 70% of this criminal money flow. To maintain their customers’ trust and licence to operate, it is vital for banks to confront this exposure firmly.
| DURATION: | APPROXIMATELY 60 minutes including knowledge checks |
| TARGET AUDIENCE: | Client facing staff, customer support staff, junior Compliance officers, and New Hires. This course is also very well suited for non-bank actors dealing with this topic, such as Fund Managers, Trust & Company Services Providers, FinTech and RegTech companies. |
| COURSE OVERVIEW: | In this course you will learn what being a gatekeeper means in the context of the prevention of financial crime and how financial institutions can effectively manage these responsibilities. |
| COURSE OBJECTIVES: | After completing the e-learning a participant will be able to:
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| METHODOLOGY: | The course has been developed using the latest e-learning authoring tools and is informative, interactive and engaging. |
| COURSE OVERVIEW: | Module 1: Course Introduction
Module 2: AML/CFT Laws & Governance
Module 3: Client Due Diligence Process
Module 4: Knowledge Check
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