Certified AML-KYC Compliance Officer

TABLE OF CONTENT

Introduction

• 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
• UN RESOLUTIONS
• The Wolfsberg Principles
• US Regulatory Framework
• Other Global Initiatives
• Money Laundering Avoidance Software

Role of Correspondent Banking

• Introduction
• 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

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