Certified AML-KYC Compliance Officer Course Outline

Course Outline



  • 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

  • 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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