About AML – KYC and Customer Due Diligence
Know Your Clients (KYC) and Customer Due Diligence (CDD) forms the edifice on which the entire structure of AML Framework stands. The purpose of AML deals with identifying those customers who resort to illegitimate process of cleansing the ill-gotten wealth. Therefore, the first and best mitigating factor is to know well the clients with which an institution is dealing with.
The Course on KYC and Customer Due Diligence offers a comprehensive curriculum that explores the regulatory requirements and best practices for establishing robust KYC processes. Throughout this course, you will learn the essential components of an effective KYC program, including customer identification, verification procedures, risk assessment, and ongoing monitoring. You will understand the significance of accurate record-keeping, proper documentation, and adherence to anti-money laundering (AML) regulations in the KYC process.
Certificate: Earn a Certificate upon successful completion
Flexible Timeline: Learn in accordance with your schedule
100% Online: Start now and learn from anywhere
Learning Hours: Approximately 4 hours to complete.
Learning Medium: English
Who should take this course
KYC and Customer Due Diligence is pre-requisite for any reporting entity, covered under the provisions of PMLA.
This course will be very relevant to:
- Staff working in all reporting entities – Banking Financial Institutions, Broking, Housing Finance, Insurance companies, Mutual Funds, NBFCs, & other Securities Market.
- Regulators & Market Infrastructure Institutions like Stock Exchanges, Clearinghouses, Depositaries, Custodians, Fund Accountants and Registrar & Transfer Agents.
- Large back-office processing centres of global financial institutions, which have KYC and Client Onboarding processing units.
- Professional service providers – Risk management consultants, audit and legal professionals.
- Designated Non-Finance Business Professionals.
- Any individual wanting to expand knowledge and explore new opportunities in areas of AML in specific and Compliance in general.
Course Content
The course delves into the various types of customer due diligence, including different types of due diligence and aligning KYC and CDD programme into robust AML framework.
The key modules include:
1. Introduction – KYC & CDD
2. KYC & CDD Framework
3. Client Identification & Verification
4. Risk Categorization
5. High Risk and Challenging Customers
6. Customer Due Diligence
7. Suspicious Transactions Reporting
8. Governance and Administration
Learning Hours and Access Period
This course has approximately 4 hours of learning content including videos, module quizzes and assessments. To complete the course, you will be given access to the course content for 60 days from the date of your registration. If you are not able to complete the course within the access period of 60 days, you can re-register for the course and start from the beginning.
Assessment and Certificate
Candidates will be tested through an online Multiple-Choice Question-based assessment of 30 minutes immediately after the course. Candidates will need to score a minimum 60% in the online assessment to earn the certification. After successfully passing the assessment, you will be able to download the course Certificate.
Click here to view the Sample course
Course Fee
The course fee is Rs. 3000 plus applicable taxes per candidate.
FAQs
1. How to register for the course?
To register for the course, click on the register button on the top right corner, next to FAQs.
2. How to pay the course fee?
During the registration, you will be prompted to pay online using Net Banking, Debit or Credit Cards, UPI, and Wallets.
3. What is the duration of the course?
The course has approximately 4 learning hours of content.
4. What is the access period for the course?
You will get access to the course content for 60 days from the date of your registration.
5. What if I am unable to complete the course within 60 days?
If you are not able to complete the course within the access period of 60 days, you can re-register for the course and start from the beginning.
6. Can I access the content in my mobile?
Yes, the course can be accessed through the mobile devices.
7. Can I download the content?
No, it cannot be downloaded.
8. Is there any proctored examination for this course?
No. However, there will be an end course MCQ type assessment.
9. Are there any passing criteria for this assessment?
A minimum of 60% marks is required to pass the assessment.
10. How will I get my certificate?
After successfully completing the course, you will be able to download the course Certificate.
11. How to get more information regarding this course?
For more information you can download the course prospectus, email elearning@nism.ac.in or call 02192-668492/93.
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