- Introduction to the Program
- Preparatory Reading
- Introduction to This Module
- What is Know Your Customer? What is Customer Due Diligence?
- Why is KYC/CDD Important?
- Relevance of KYC/CDD for Compliance and Anti-Financial Crime (AML/CTF, Fraud Prevention, Sanctions, etc.)
- KYC/CDD for Organizational Risk Management (Regulatory Risk, Legal Risk, Financial Risk, Reputational Risk)
- Who is Your Customer? Definition of Customer and Types of Customers in Financial Services and Other Industries
- Case Study – Fines on Banks Due To Non-Compliance of KYC Requirements
- Module Summary
- Multiple Choice Quiz
- Further Reading and References
- Introduction to This Module
- Financial Action Task Force – Overview of Relevant KYC/CDD Recommendations
- Wolfsberg Group – Overview of Relevant KYC/CDD Guidance
- United States – Overview of Relevant KYC/CDD Laws & Regulation
- European Union – Overview of Relevant KYC/CDD Laws & Regulation
- United Kingdom – Overview of Relevant KYC/CDD Laws & Regulation
- Hong Kong & Singapore – Overview of Relevant KYC/CDD Laws & Regulation
- Case Study: Role of Financial Action Task Force in Prevention of ML/TF
- Module Summary
- Multiple Choice Quiz
- Further Reading and References
- Introduction to This Module
- KYC/CDD in the Customer Lifecycle: Onboarding, Ongoing, Event-Driven, Exit
- The Risk-Based Approach to KYC
- Overview of key risk categories: Customer risk, Jurisdiction Risk, Product Risk, and Channel Risk
Levels of Due Diligence: Simplified, Regular, and Enhanced - Customer Identification and Customer Verification
- KYC/CDD for Persons vs. Legal Entities
- Nature and Purpose of the Relationship
- Beneficial Ownership and Control
- Relevant KYC Red Flags: Politically Exposed Persons, Shell Companies, High-Risk Jurisdictions, and Others
- Case Study: Performance of Simplified Due Diligence to Open an Account
- Module Summary
- Multiple Choice Quiz
- Further Reading and References
- Introduction to This Module
- Overview of the 4-Step KYC Process
- Step 1: Assess
- Step 2: Explore
- Step 3: Organize
- Step 4: Present
- Case Study: Performing 4 KYC Steps for a Prospective Business Customer
- Module Summary
- Multiple Choice Quiz
- Further Reading and References
- Final Assessment
- Completing the Program