Customer Onboarding and KYC Specialist Certification

Course Overview:
This course provides a comprehensive understanding of KYC fundamentals, customer identification, and verification processes. Learn how to adopt a risk-based approach to customer due diligence (CDD), conduct enhanced due diligence (EDD) for high-risk customers, and implement digital identity and e-KYC systems. The program emphasizes ongoing monitoring procedures to identify and manage risks effectively.

Key Topics:

• Fundamentals of Know Your Customer (KYC) and its importance in AML/CTF regulations.

• Customer Identification & Verification (CID), including beneficial ownership and politically exposed persons (PEPs).

• Risk-Based Approach to Customer Due Diligence (CDD): Designing risk models and assessing risk factors.

• Enhanced Due Diligence (EDD) for high-risk customers, jurisdictions, and corporate structures.

• Digital Identity & E-KYC: Incorporating FATF-compliant digital identity systems.

• Ongoing Monitoring & KYC Refresh: Red flags, regular updates, and compliance checks.

Practical Activities:
Simulate customer onboarding, including identification of beneficial owners, PEP screening, and CDD/EDD assessments.

Case Studies:
Analysis of real-world KYC failures, penalties imposed, and the critical importance of EDD.

Role Play:
Conduct customer interviews to gather essential KYC and EDD data, identifying potential risks in high-risk profiles.

Q&A, Feedback, and Wrap-Up