AML and KYC Basics
KYC and AML Course Overview
The "KYC and AML" course provides essential training in Know Your Customer (KYC) and Anti-Money Laundering (AML) practices, crucial for financial compliance. This comprehensive program covers the significance of KYC and AML, global laws such as the Bank Secrecy Act and the USA PATRIOT Act, and regional practices in Europe, the UAE, the USA, and India.
Participants will explore real-life case studies to gain practical insights into identifying suspicious activities and ensuring compliance. By mastering these practices, you'll enhance your ability to mitigate financial crime risks, maintain regulatory compliance, and uphold ethical standards, boosting your professional credentials and career opportunities in the financial industry.
KYC and AML Course Topics
- Importance of KYC and AML
- Customer onboarding steps of KYC
- Key AML Laws and Regulations
- Role of Regulatory Authority
- Identify Suspicious Activities
- OFAC and its key functions & responsibilities
- PEPs in AML and KYC processes
- Key responsibilities of FATF
- Real-life case studies with examples of best practices
- EU AML directives on money laundering
- AML measures introduced by national laws
- Information sharing between countries
- The role of the EBA
- Federal Law No. 20 of 2018
- The Central Bank of the UAE (CBUAE)
- Cabinet Decision No. 10 of 2019 in implementing the AML Law
- The Dubai International Financial Centre (DIFC) AML Regulations
- The Abu Dhabi Global Market (ADGM) AML Regulations
- Interpret the Securities and Commodities Authority (SCA) Regulations
- U.S. regulatory framework for KYC and AML
- The Bank Secrecy Act (BSA)
- The significance of the USA PATRIOT Act
- FinCEN's mission
- Regulatory role of the SEC
- Responsibilities of FINRA in the financial industry
- Aadhaar-based KYC
- Prevention of Money Laundering Act
- The regulatory framework of KYC and AML in India