KYC AND CUSTOMER DUE DILIGENCE SKILLS
Available Dates & Locations
COURSE OVERVIEW
This training course is designed to equip participants with the essential knowledge and skills required to effectively manage know-your-customer (KYC) and customer due diligence practices in the banking sector. The course will cover the regulatory framework, best practices, and practical applications of KYC and customer due diligence procedures, enabling participants to enhance their competencies in these critical areas.
COURSE OBJECTIVES
By completely attending this course, participants will learn how to:
- Interpret the key regulatory requirements and guidelines for KYC and customer due diligence.
- Develop effective customer onboarding and risk assessment processes.
- Implement enhanced due diligence procedures for high-risk clients.
- Monitor and report suspicious activities in compliance with AML regulations.
- Identify and manage risks associated with sanctions and politically exposed persons (PEPs).
- Design and implement robust AML strategies to mitigate financial crimes.
TARGET COMPETENCIES
- KYC compliance
- Customer risk assessment
- Enhanced due diligence
- Monitoring and reporting
- Sanctions and politically exposed persons (PEPs)
- Anti-money laundering (AML) strategies
This course is designed for professionals working in banks, financial institutions, investment firms, and regulatory bodies. Relevant job titles include Compliance Officers, Risk Managers, Financial Analysts, Relationship Managers, AML/CFT Analysts, and Compliance Auditors.
The course will be delivered through a blend of interactive lectures, group discussions, case studies, and practical exercises, fostering active participation and knowledge retention among participants.
