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Navigating Grey Areas in KYC and Due Diligence in AML

Mastering AML Challenges: Navigating Grey Areas in KYC and Due Diligence for Compliance Professionals

Owais Ahmed Qureshi

Summary

Price
£20 inc VAT
Study method
Online, On Demand What's this?
Duration
1.6 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

Welcome to an advanced exploration of Anti-Money Laundering (AML) challenges where we delve into the nuanced and often complex areas of Know Your Customer (KYC) and Due Diligence. In this comprehensive course, we'll navigate the grey zones of AML compliance, addressing the subtleties and challenges that arise in identifying, verifying, and managing customer information.

Curriculum

1
section
15
lectures
1h 39m
total

    • 1: Introduction Preview 10:46
    • 2: Overview of Global and Regional AML Regulations 07:27
    • 3: Mastering the Risk-Based Approach in KYC 04:13
    • 4: Mastering Enhanced Due Diligence (EDD) in the Digital Era 04:40
    • 5: Navigating Cultural and Geographical Challenges in KYC Implementation 04:30
    • 6: Navigating Technological Challenges in KYC Implementation 04:24
    • 7: Navigating Privacy and Data Protection Issues in KYC 04:00
    • 8: Navigating Expertise Challenges in KYC and Due Diligence 04:00
    • 9: Cultivating Interdepartmental Collaboration in KYC and Due Diligence 04:34
    • 10: Navigating Identity Fraud in KYC and Due Diligence 07:09
    • 11: Navigating Emerging Threats in Due Diligence 09:50
    • 12: Mastering Advanced Techniques in KYC and Due Diligence 14:47
    • 13: Advanced Documents in Enhanced Due Diligence (EDD) and Digital Verification 06:55
    • 14: Navigating KYC Challenges in the Digital World for Special Needs Customers 06:08
    • 15: Conclusion – Navigating Grey Areas of KYC and Due diligence in AML 04:48

Course media

Description

What You'll Learn:

  1. Understanding KYC Fundamentals:

    • Define KYC and its significance in AML.
    • Explore the evolution of KYC requirements over time.
    • Learn how global and regional AML regulations shape KYC obligations.

  2. Key Components of KYC:

    • Explore the Customer Identification Program (CIP) in detail.
    • Understand the Risk-Based Approach (RBA) and its implementation.
    • Unpack advanced due diligence techniques, including Enhanced Due Diligence (EDD).

  3. Challenges in KYC Implementation:

    • Address cultural, geographical, and technological challenges.
    • Navigate the evolving landscape of KYC technology.
    • Balance KYC requirements with customer privacy and data protection regulations.

  4. Expertise Challenges in KYC and Due Diligence:

    • Identify and address skill gaps within KYC teams.
    • Foster interdepartmental collaboration for holistic due diligence.
    • Explore strategies for continuous training and development.

  5. Fraud Elements in KYC and Due Diligence:

    • Deep dive into identity fraud techniques.
    • Explore emerging threats in due diligence.
    • Detect transactional anomalies and red flags.

  6. Advanced Techniques in KYC and Due Diligence:

    • Leverage Artificial Intelligence (AI) and Machine Learning (ML) applications.
    • Explore the role of blockchain technology in KYC.
    • Understand the additional documents required for Enhanced Due Diligence.

  7. Handling Grey Areas in the Digital World:

    • Address challenges in onboarding diverse customers (e.g., disabled, non-tech-savvy).
    • Provide solutions for a human-centric approach to AML in the digital era.
    • Recap key learnings and outline next steps for continuous improvement.

Who is this course for?

KYC officers

AML experts

Business Officers

Product developers

Requirements

No special requirement is necessary

Career path

After completing the course you will be able to start journey as KYC officer and analyst and for business/ product designers can get insight of then requirements

Questions and answers

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Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

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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

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