Table of Content
Module 1: Foundations of AML, KYC and CDD
- What is Money Laundering?
- Stages of Money Laundering (Placement, Layering, Integration)
- Common Money Laundering Methods
- Money Laundering – Case Studies
- What is Terrorist Financing?
- Know Your Customer (KYC) Basics
- What is Customer Due Diligence (CDD)?
- Difference between AML, KYC and CDD
- CDD vs. Ongoing Monitoring
Module 2: Regulatory and Legal Framework
- Prevention of Money Laundering Act, 2002 (PMLA)
- RBI Guidelines on AML/KYC
- FATF Recommendations — Overview
- AML-KYC International Legislation and Cooperation
- Reporting Requirements under FATCA and CRS
- Politically Exposed Persons (PEPs) — Regulatory Treatment
Module 3: The Risk-Based Approach
- What is Risk in a CDD Context?
- Customer Risk vs. Institutional Risk
- Risk-Based Approach — Core Principles
- Customer Risk Categorization (Low/Medium/High)
- Risk Scoring Models
- Customer Risk Rating — Best Practices
- Money Laundering Risk Factors
- Non-Face-to-Face Onboarding and Digital Risk
Module 4: Customer Identification and Verification
- Who is a Customer?
- Customer Acceptance Policy (CAP)
- Customer Identification Procedure (CIP)
- Customer Identification Requirements — Guidelines
- Verifying Individual Customers
- Verifying Corporate and Institutional Customers
- eKYC and Digital Identity Verification
- Purpose and Nature of the Business Relationship
Module 5: Customer Due Diligence — Standard, Simplified and Enhanced
- CDD Core Requirements
- CDD Regulatory Obligations
- Performing Customer Due Diligence — Step by Step
- CDD Segmentation
- What is Simplified Due Diligence (SDD)?
- Conditions for Applying SDD
- Low-Risk Customer Categories
- SDD vs. Standard CDD
- EDD Basics and the Need for EDD
- Factors Triggering EDD
- Enhanced Due Diligence Measures
- Conducting EDD — Step by Step
- Higher-Risk Profile Customers
Module 6: Beneficial Ownership
- Who is a Beneficial Owner (BO)?
- Why Identifying the BO Matters
- Legal Persons vs. Legal Arrangements
- International UBO Standards and Initiatives
- The FATF Standard for Beneficial Ownership
- The Cascading Test for Legal Persons
- Using Thresholds to Identify BOs
- India — Declaration of Significant Beneficial Owner (SBO)
- Shell Companies and Complex Ownership Structures
- New-Age BO Identification Procedures
Module 7: Screening and Ongoing Monitoring
- Customer Screening — Basics
- Name Screening
- Sanctions Screening
- Negative / Adverse Media Screening
- Screening Related Parties
- Ongoing CDD Monitoring
- Monitoring Changing Customer Profiles and Suspicious Transactions
Module 8: Specialized CDD Requirements
- Correspondent Banking Due Diligence
- Wire Transfer / Fund Transfer Requirements (FATF Recommendation 16)
- Third-Party Reliance in CDD
- CDD for Trusts and Legal Arrangements
- Trade-Based Money Laundering and CDD Considerations
Module 9: CDD Profiles, Documentation and Record-Keeping
- Customer CDD Profile — Basics
- Building and Maintaining Risk-Based Customer Profiles
- Information to be Preserved
- Securing Customer Information
- CDD Record-Keeping Requirements
- FATF Recommendation 11 — Record-Keeping
- Which CDD Records to Keep
- CDD and Customer Identification Records
Module 10: Governance, Compliance and Practical Application
- CDD/KYC Governance Model
- Role of the Board and Senior Management
- Role of the Compliance Function in AML/CDD/KYC
- Building a CDD Culture within an Organization
- Practical Case Scenarios and Applied Exercises
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