Objective
This program will seek to familiarize learners with the concepts and process of anti-money laundering, and 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
➱ Understand vital concepts of AML: What, How, and Why?
➱ What are the AML Stages and CFT Policies?
➱ Why KYC Knowing Your Customer is important?
➱ Essentials of KYC: CAP, CIP, Risk Management, and Monitoring of Transactions
➱ Significance of Desktop & Employee Due Diligence
➱ Regulations and impact of non-compliance
Target Audience
➱ KYC/ AML Professionals
➱ BFSI/NBFC/MFIs professionals in customer acquisition and servicing roles
➱ Branch Managers
➱ Branch Managers
➱ Unit Heads & Territory Heads
➱ Relationship Managers & Wealth Managers
➱ New joiners
➱ Job aspirants for the mentioned 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
•Customer Profiling – Enhanced Due Diligence (EDD)
•Communications with Regulators
•Overview of FIU (India)
- 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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