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KYC, AML, and Data Privacy Regulations for Businesses Operations

CPD Accredited | Interactive Learning Materials | PDF Certificate Included | Tutor Support

Cambridge Open Academy

Summary

Price
£18 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 (PDF) - Free
  • Certificate of Completion (Hard Copy) - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Imagine you are a business owner. You have worked hard to build your business, and you want to protect it from financial crime. You know that KYC is an important part of financial crime prevention, but you don't know where to start.

The KYC course can help you. The course will teach you everything you need to know about KYC, and it will help you to implement a comprehensive KYC program for your business.

Learning Outcomes:

At the end of this KYC course, you will be able to -

  • Understand the principles and importance of Know Your Customer (KYC).
  • Conduct thorough Customer Due Diligence (CDD) assessments effectively.
  • Detect and prevent Anti-Money Laundering (AML) activities within business operations.
  • Comply with KYC, AML, and Data Privacy regulations in the UK.
  • Apply industry-specific regulations and ensure compliance in business operations.

Certificates

Certificate of Completion (PDF)

Digital certificate - Included

Certificate of Completion (Hard Copy)

Hard copy certificate - £9.99

Note: Delivery of hardcopy certificate is free within the United Kingdom. However, to obtain a hardcopy certificate, international students have to pay £19.99 for the shipment to their designated address.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Our Know Your Customer (KYC) course is designed to equip learners with the essential knowledge to navigate the complex landscape of customer identification, due diligence, and anti-money laundering regulations. In Module 01, you'll gain a comprehensive understanding of the principles and significance of KYC. Module 02 will delve into the intricacies of Customer Due Diligence (CDD), providing you with the expertise to conduct thorough assessments and gain deep insights into your customers. Discover the critical realm of Anti-Money Laundering (AML) in Module 03, where you'll learn how to detect and prevent illicit financial activities that can harm businesses and economies.

Navigate the regulatory landscape in Module 04, gaining insights into KYC, AML, and Data Privacy regulations specific to businesses operating in the United Kingdom. In Module 05 of the KYC course, explore industry-specific regulations, ensuring you have the knowledge to comply with the unique requirements of your sector. Module 06 will provide you with methods for carrying out effective KYC and AML procedures, while also shedding light on the future of KYC compliance.

Who is this course for?

  • Professionals in banking and financial institutions responsible for customer onboarding and compliance.
  • Business owners and managers seeking to ensure regulatory compliance and risk mitigation.
  • Individuals interested in pursuing a career in compliance, risk management, or AML.

Career path

  • KYC Analyst: £25,000 - £40,000 per year
  • AML Compliance Officer: £30,000 - £60,000 per year
  • Risk Manager: £40,000 - £80,000 per year
  • Compliance Manager: £45,000 - £90,000 per year
  • Financial Crime Consultant: £50,000 - £100,000+ per year

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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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