Objective:
This program will seek to familiarize learners with the concepts and process of anti-money laundering, the kind of risks it poses for banks and financial institutions, thereby affecting their reputation and shaking stakeholders' confidence in internal processes. Through this program, learners will be able to monitor accounts and customers, using digital means and resources, thwart the occurrence of unfavorable situations, and reduce financial crimes
Topics Covered:
➱ Overview of the following topics and their relevance in financial industry
• AML
• KYC
• FATF
• CFT
• Risk Categorisation model
• Red flags and Warning signs / Suspicious Behaviour Indicators
• Compliance
• FIU
Target Audience:
➱ KYC/ AML Professionals
➱ BFSI/NBFC/MFIs professionals in customer acquisition and servicing roles
➱ Branch Managers, Unit Heads & Territory Heads
➱ Relationship Managers & Wealth Managers
➱ Job aspirants for the above roles
What will I learn?
- Know what is Money Laundering ?
How AML (Anti Money Laundering) works?
Stages of Money Laundering
Purpose behind AML guidelines - Learn about:
•Know Your Customer (KYC) guidelines
•Background to KYC
•Customer Acceptance Policy (CAP)
•Customer Identification Process (CIP) - Identification of beneficial ownership of Legal entities and KYC process of identified beneficial owners (BO)
•Origins of FATF
•FATF recommendations on money laundering
•FATF recommendations on Terrorism financing
•Compliance mechanism
•Black/Grey listing of non compliant nations - Risk Categorisation model
- Customer Profiling – Enhanced Due Diligence (EDD)
• Whistleblowing (with case study)
• Communications with Regulators
• Penalties faced by Banks/NBFCs – Non adherence to AML/KYC
• Overview of FIU (India)
• Risk Mitigation
- Case Studies
- Situations & Discussions
- Experiential Learning
- Live lecture by subject expert
- Participants join from their location
- Real-time Q&A session
- Live Chat facility for having individual /group conversations
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