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Implementing and Managing Total KYC

By:

China

08 - 10 Oct, 2014  3 days

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International standard setters and regional anti-money laundering (AML) bodies have highlighted the vulnerabilities in the sector to help banks and financiers reduce and contain their exposure to money laundering and financing of terrorism. All banks, investment banks, Islamic banks, financial institutions and many other reporting institutions are required to comply with internationally established "Know Your Customer" policy.

To prevent contraventions and sanctions for non-compliance, all players in the financial services industry need to adhere to the KYC policy and to implement and manage total KYC. Thus, all employees, especially front-line  employees, and client-facing  institutions which handle money, precious metals, securities, credit and domestic and international fund transfers are required to comply with internationally established "Know Your Customer" guidelines.

Course Objective 

This course will provide participants with an insight into the implementation and management of KYC and what is required under current regulatory and good business practice requirements. The purpose of the course is to ensure that participants have a full understanding of KYC, its importance, its implementation and its management.

Summary of Course Content

  • Anti-money laundering
  • Counter financing of terrorism
  • Total KYC framework
  • KYC regulatory requirements
  • KYC management pitfalls
  • Global compliance issues
  • Customer due diligence
  • Enhanced due diligence
  • Customer identification practices
  • Full KYC vs. Risk-based KYC

Methodology
As with all Euromoney Training courses, this programme makes use of case studies and exercises to ensure that you leave the course, ready to apply your new knowledge.

Who should attend this training course?

  • Money Laundering Reporting Officers (MLRO)
  • Central Bank and Regulators' Management
  • Front-line Managers
  • Internal Auditors
  • Compliance Specialists
  • Risk Managers
  • Financial Crime Managers
  • In-house Legal Counsels
  • Legal Practitioners

 

 

4-5 Star Hotel in Hong Kong, Hong Kong Oct 08 - 10 Oct, 2014

+1 212-361-3299

The Course Director has over fifteen years’ experience as a leading consultant and lecturer for banks and financial institutions, regulators, large international corporations on many areas of banking and finance laws, frauds, regulation and compliance.