Vskills Certified AML-KYC Compliance Officer (Govt. Certification)



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What is this course about


What is Money Laundering?
Prevention of Money Laundering Act, 2002
Global Phenomenon
Tainted Money or Dirty Money
Washing of “Dirty” Money
Money Laundering – Case Studies

Money Laundering - Process & Methods

Process of Money Laundering
Process of Money Laundering – Case Studies
Methods used for Money Laundering
Role of Technology
Sources of Tainted Money
Effects of Money Laundering
Economic Effects
Terrorist Financing
Informal Value Transfer Systems
Suspicious Conduct and Transactions
Unusual Transactions
Non-Face-to-Face Customers
Politically Exposed Persons

Legislation & International Cooperation

Legislations against Money Laundering
Financial Action Task Force (FATF)
Anti-Money Laundering Measures in India
RBI Guidelines regarding AML
Role of IBA Working Group
Technology in AML Measures
BASEL Committee
European Union Directives on Money Laundering
UK Regulatory Framework
The Wolfsberg Principles
US Regulatory Framework
Other Global Initiatives
Money Laundering Avoidance Software

Role of Correspondent Banking

Policies and Measures
Wire Transfer
Role of Ordering, Intermediary and Beneficiary banks

KYC – Know your customer

Basic Definitions
Customer Profile
BASEL Committee on KYC Policies
KYC Policies and RBI’s Initiative
Organizational Structure in Banks

KYC - Operating Guidelines

Customer Profiling
Opening of Accounts
Suggested Safeguards
Closure of Accounts
Monitoring of Accounts
Credit Cards/Debit Cards/Smart Cards/Gift Cards
‘At Par’ Cheque Facility
Combating Financing of Terrorism
Jurisdictions to not apply the FATF Recommendations

Internal Controls and Structure In Banks

Roles and Responsibilities of the Staff
Roles and Responsibilities of Board of Directors and Senior Management
Role and Responsibilities of the Principal Officer
Role and Responsibilities of the Internal Audit/Internal Control Teams
Role and Responsibilities of the Business Groups
Designated Director
Internal Investigations
Closing the Account
Mutual Legal Assistance Treaties
Financial Intelligence Units

Customer Risk Categorization (CRC)

Customer Risk
Need for Risk Categorization
Customer Acceptance Policy (CAP)
Customer Identification Procedure (CIP)
Customer Due Diligence (CDD)
Risk Scoring Model

Reporting Obligations

Cash Transaction Reporting (CTR)
Counterfeit Currency Reporting (CCR)
Suspicious Transaction Report (STR)
Non-Profit Organization Transaction Reports (NTRs)

Transaction Monitoring

Approach of Banks for Monitoring of Transactions
Essentials of Transaction Monitoring process
Methods of Monitoring
Suspicious Transaction
Name Screening

Staff and Customer Awareness

Training Methods
Records of training
Customer Awareness on AML
Training Program

KYC – Updation

Need for KYC Updation
Approach for KYC Updation
Scope of KYC Updation

What are the course deliverables ?

• Post registration get login credentials of your online profile
• Receive reading material
• Post preparation, schedule exam date and exam center from your online profile within six months of order date.
• Clear the exam and get hard copy and soft copy certificate with LinkedIn recommendation

Program Schedule

  •  No minimum eligibility
  • No experience needed

Program Highlights

  • Benefits of Vskills Certification
  • Government certification
  • No Minimum educational qualification
  • No time commitment
  • Improve employability
  • Certification valued and approved by Industry
  • Become a part of Vskills Job centre for life

Enriched professional experience by being a Vskills Alumni