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Know Your Customer (KYC) - Easy Walkthrough In KYC/AML
Rating: 4.4 out of 5(53 ratings)
5,376 students

Know Your Customer (KYC) - Easy Walkthrough In KYC/AML

Develop solid understanding of Anti-Money Laundering (AML) KYC/CDD including Bloomberg/Sanctions/PEP/Screening
Created byMohamed Zaky |Ex HSBC & PwC with 10 Years of experience within KYC World
Last updated 10/2023
English
English [Auto],

What you'll learn

  • Definition & Explanation of KYC, CDD, EDD and ability to differentiate between each term.
  • Approved reliable public sources and, How to use them for purpose of identification or Verification.
  • ID&V requirements for corporate clients and associated parties.
  • Source of Wealth & Source of Fund requirements & expectations to collect and evidence them.
  • PEP Identification and how to affect the overall Risk Level of the profile.
  • Sanction List and how to detect through screening or client website.
  • Screening and importance in determination of other risk components such as negative news/media.
  • Knowledge Test to assess the understanding of material presented.

Course content

10 sections • 24 lectures • 4h 15m total length

  • Introduction6:05

    This is to welcome valued students and let them know what is this course all about.

  • KYC Definition12:30

    Know your customer is a regulatory process that identifies and verifies the customer and associated parties during onboarding, periodic reviews, and offboarding.

  • KYC related definitions7:14

    Understand how KYC's customer due diligence evaluates documents, assigns risk (low, medium, high), and applies enhanced due diligence for high-risk clients.

  • Intro to ID&V18:35

    Identify and verify client identities in a KYC review by distinguishing identification from verification, using public sources for identification and official documents for verification, guided by the ID&V matrix.

  • Business Activities13:46

    Identify and verify a company’s day-to-day business activities as the main source of funds for KYC risk assessment, using the commercial register and official documents, supported by transaction monitoring.

  • SOW&SOF11:00

    Explain source of wealth as the initial injection from clients, its verification in KYC profiles, and how corporate and individual wealth sources are described during onboarding and risk-based assessments.

  • #Question, Aspirations for wanting to learn about KYC/AML.

Requirements

  • No prior experience within KYC/AML is required.
  • PC/Laptop/Mobile device (works with any operating system). Plus Internet access.
  • Basic English and the willing to learn

Description

Update - Jan/2025

THANKS for LANDING on my PAGE


My course is designed to enrich your experience when it comes to KYC/AML while simplifying the process so that topics are being digested quickly in one comprehensive guidance.

The course is for people who are committed to success in this field, want to confidently crush the interview and finally get the job of their dream, My role is to get you close to this. I would have Linkedin to reply for your queries and assist you further.     


Contents:-

Course has total of 10 sections we discuss the following items.

· Know your customer definition and difference between EDD, CDD and EKYC,

· Identification and verification requirements for main client and associated parties and required documents for each party.

· Third party approved source and how to use them in your KYC review.

· Identification of nature of business, relation with source of fund and requirements for a completed description of nature of business.

· Source of fund and Wealth and difference between them and which documents to request from client to verify these requirement.

· Ownership Types and how to deal with them and ID&V for UBOs (One type is being discussed).

· Screening and the importance in detecting negative news and black list names, Sanction and countries to look for when conducting CDD review,

· Definition of PEP and type of review that would be required for such person,

· Client legal types such as sole trader from perspective of definition and requirement for ID&V. (One type is being discussed).

· Red flags and how they increase the risk rating of the profile and finally we go through. (One type is being discussed).

· The Risk Assessment and assigning a proper risk rating for clients.

· Introduction to AML, where we discuss basic AML definitions to assist in understanding three stages of Money Laundering.

· The AML Org Chart and the role of KYC analyst inside the organization, alongside the quality checker position and their position within the hierarchy.

   

Additional bonus:-

  • Knowledge test to assess understanding of topics discussed and provided with explanation.

  • External Assignment.



Reviews:-

Join Students by leaving a rating, with 4,4 stars rating.

-Mohamed Zaky has very interesting way to deliver knowledge, and the test was covering most subjects. Totally recommend. (Aneta Nowakowska).

-Yes, it's providing a good practical overview. Thanks (Divya Gupta)

Who this course is for:

  • Professionals/Students who want to gain extensive applicable knowledge within KYC/AML.
  • Professionals/Students wishing to change their career path to enter the KYC world.
  • Young students want to establish solid knowledge to start career in KYC/AML.
  • Anyone who is genuinely interested in field of KYC/AML/Compliance.

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