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Key Concepts in KYC and AML for Financial Services Professionals

CPD Accredited | Updated Lesson Plan | 10 CPD Points | Lifetime Access | Expert Tutor Support

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Summary

Price
£15 inc VAT
Study method
Online
Duration
2 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students
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Overview

Equip yourself with essential KYC and AML compliance knowledge with our comprehensive course designed for financial services professionals. Explore the fundamental concepts of Know Your Customer (KYC) procedures, delve into the intricacies of Anti-Money Laundering (AML) regulations, and gain insights into data privacy and industry compliance. As a result, stay ahead of the evolving landscape of KYC and AML and enhance your professional expertise.

Learning Outcomes:

  • Develop a thorough understanding of the principles and importance of KYC (Know Your Customer) procedures in the financial services industry.
  • Explore the core concepts of Anti-Money Laundering (AML) regulations and the role of financial institutions in combating financial crimes.
  • Knowledge of the data privacy regulations specific to the United Kingdom and their implications for KYC and AML practices.
  • Understand the industry-specific regulations and guidelines financial professionals must adhere to in KYC and AML compliance.
  • Stay updated on the latest methods, technologies, and trends in KYC compliance and anticipate the future of KYC practices.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

In the fast-paced and regulated world of financial services, understanding the fundamentals of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance is crucial for professionals seeking to excel in their careers. Our comprehensive course, "Key Concepts in KYC and AML for Financial Services Professionals," provides a deep dive into these essential areas of expertise.

From the introduction to KYC procedures to the exploration of AML regulations, each module will equip you with the knowledge and skills necessary to navigate the intricacies of compliance. Understand the significance of KYC in establishing trust, managing risk, and preventing financial crimes. Then, delve into the regulatory landscape, learning about data privacy regulations specific to the United Kingdom and their impact on KYC and AML practices.

Stay updated on industry-specific regulations, guidelines, and best practices to ensure compliance and mitigate risks effectively. Explore the future of KYC compliance, including emerging methods and technologies reshaping the industry. With this course, you'll enhance your professional expertise and gain a competitive edge in the ever-evolving financial services landscape.

Course Curriculum :

  • Module 01: Introduction to KYC
  • Module 02: AML (Anti-Money Laundering)
  • Module 03: KYC, AML, and Data Privacy Regulations in the United Kingdom
  • Module 04: Industry Regulations
  • Module 05: KYC and AML Methods and the Future of KYC Compliance

Who is this course for?

  • Financial services professionals, including bankers, compliance officers, and risk managers.
  • Individuals aspire to work in the financial industry and enhance their knowledge in KYC and AML compliance.
  • Auditors and consultants are focusing on regulatory compliance in the financial services sector.
  • Legal professionals specialise in financial law and regulations.

Career path

  • KYC Analyst: £25,000 - £40,000 per annum
  • AML Compliance Officer: £30,000 - £50,000 per annum
  • KYC Team Leader: £40,000 - £60,000 per annum
  • Compliance Manager: £45,000 - £80,000 per annum
  • AML Consultant: £50,000 - £90,000 per annum
  • Compliance Director: £70,000 - £120,000 per annum

Questions and answers

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Certificates

Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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