About the Course
This training course provides a comprehensive understanding of Know Your Customer (KYC) principles for financial services firms. Participants will delve into Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), client onboarding procedures, Politically Exposed Persons (PEPs), and best practices in achieving effective KYC compliance.
With continued global regulatory focus on anti financial crime controls, maintaining compliance with KYC regulations is paramount. This training equips financial professionals with the knowledge and skills to navigate the intricacies of KYC, ensuring robust customer identification, risk assessment, and due diligence processes. From initial client onboarding to ongoing monitoring, this course provides actionable insights and real-world scenarios to foster a culture of compliance excellence.
Understand the fundamental concepts of KYC, its importance, and its role in mitigating financial risks.
Differentiate between Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes and apply them appropriately.
Demonstrate proficiency in client onboarding procedures while adhering to regulatory standards.
Identify and assess Politically Exposed Persons (PEPs) and high-risk customers effectively.
Implement best practices for maintaining up-to-date and accurate KYC records.
Introduction to KYC and Regulatory Landscape
Customer Due Diligence (CDD)
Enhanced Due Diligence (EDD)
Effective Client Onboarding
Politically Exposed Persons (PEPs) and Risk Assessment
Best Practices and Maintaining Compliance
Case Studies and Real-World Examples
Assessment and Certification
Required Knowledge and Skills
This course assumes knowledge about the financial services sector but assumes participants have limited knowledge about financial crime regulations and the KYC obligation.
About Your Trainer
Daiman has 20 years of experience in London-based investment banks in front office compliance advisory roles and in delivering regulatory change across multiple EU and UK pieces of legislation.
Leveraging his background as a lawyer, Daiman delivers design, implementation, remediation projects, business governance / management structures, SME / regulatory interpretation input, policy and procedure drafting and training.