Table of Content
AML and KYC Basics
- What is Money Laundering?
- Process of Money Laundering
- Money Laundering Methods
- Politically Exposed Persons
- Money Laundering – Case Studies
- Know Your Customer (KYC ) Basics
- Difference between AML and KYC
- Prevention of Money Laundering Act, 2002 (PMLA)
- RBI Guidelines regarding AML
- AML-KYC International Legislation and Cooperation
- eKYC
CDD Basics and Relevance
- What is CDD?
- Customer Due Diligence vs. Monitoring
- Customer Due Diligence Basics
- CDD Relevance
- CDD Measures
- Types or Levels of CDD
- When to perform CDD?
- Performing Customer Due Diligence
- CDD Record Keeping
- Third Party CDD
- Ongoing CDD Monitoring
The Risk-based Approach to CDD
- What is Risk?
- What is Customer Risk?
- Potential Risk Treatments
- CDD and Risk based Approach
- Customer Risk Categorization
- Risk Scoring Model
- Customer Risk Rating Best Practice
- Customer Risk Assessment
Identification and Verification
- Verifying a customer
- Customer Acceptance Policy (CAP)
- Customer Identification Requirements Guidelines
- Customer Identification Procedure (CIP)
- Applicable Customer Identification Procedures
CDD Requirements
- CDD Core Requirements
- Customer Due Diligence Requirements
- Verify Customer Identities
- CDD Regulatory Obligations
- Information to be Preserved
- Reporting Requirement under FATCA and CRS
- Secure Information
Customer and the Nature of the Relationship
- Who is a Customer?
- CDD Segmentation
- CDD and Customer Relationship
- Purpose and Nature of the Relationship
Unravelling Ownership Structure or the Beneficial Ownership
- Who is Beneficial Owner
- Why to identify a BO?
- International Initiatives
- International UBO Standards
- The FATF Standard for BO
- Differences Between Legal Persons and Legal Arrangements
- Steps for UBO
- India and Declaration of Significant Beneficial Owner
- The Cascading Test for Legal Persons
- Using Thresholds for BO
- Identification of Beneficial Owners
- New Age BO Identification Procedures
Screening the customer or related parties
- Customer Screening Basics
- Name Screening
- Sanctions Screening
- Related Party
Money Laundering Risk Factors and Risk Ratings
- Money Laundering Risks
- Money Laundering Risk Assessment
- Risk Rating
Enhanced Due Diligence (EDD)
- EDD Basics
- The need for EDD
- Factors for EDD
- Enhanced Due Diligence Measures
- Beneficial Ownership and EDD Requirements
- Conducting EDD ( Enhanced Due Diligence)
CDD Profiles
- Customer CDD Profile Basics
- Customer Risk Profile
- Risk-Based Procedures
- Higher Risk Profile Customers
CDD Record Management
- What is CDD Record-Keeping?
- FATF Recommendation 11 – Record‑keeping
- Which CDD Records to Keep?
- CDD and Customer Identification Records
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