Guide to Customer Due Diligence AML techniques in FIs

Partner: Udemy
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Description: Learn to outshine on job in AML field through this courseThis course covers the various types of customer due diligence AML techniques, its necessity, application in different financial institutions, and its pivotal role in KYC (Know Your Customer) ,Guide to Due Diligence in Financial Institutions, raising Suspicious Activity Reports (SARs) the most important part in AML procedures. Additionally, we will delve into the evolving landscape of due diligence from traditional banking services to the digital era, offering practical insights and best practices for compliance officers and due diligence officers.Course OutlineIntroduction to Due Diligence Anti-Money Laundering proceduresDefinition and Importance of Due DiligenceUnderstanding due diligence and its role in financial institutions.The necessity of due diligence for risk management and regulatory compliance.Types of Due DiligenceCustomer Due Diligence (CDD)Enhanced Due Diligence (EDD)Simplified Due Diligence (SDD)Ongoing MonitoringNecessity and Usage of Due DiligenceNecessity of Due DiligenceLegal and regulatory requirementsRisk assessment and managementPrevention of financial crimes (money laundering, fraud, terrorism financing)Usage Under Different Financial InstitutionsApplication in banks, investment firms, insurance companies, and fintech startups.Specific requirements for each type of financial institution.Due Diligence and KYCDue Diligence in KYCRole of due diligence in verifying customer identity and assessing risks.How due diligence supports compliance with KYC regulations.Raising Suspicious Activity Reports (SARs)
Category: Business > Other Business > Anti-Money Laundering (AML)
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Price: 24.99
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Source: Impact
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