About Course
Section A:
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– What is Money Laundering
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– Stages of Money Laundering
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– Common Money Laundering Techniques (with examples)
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Structuring
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Cash – Intensive Business
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Investment in Commodities
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Trade Based money laundering, Art market and Cuckoo smurfing
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Shell Companies
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Real Estate and Trusts
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Casinos and online gaming currencies
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Transaction Laundering
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Cyber- Laundering
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Black Market Peso and Correspondent Banking
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Cryptocurrency
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Football clubs and International Gold trade
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– Impact on Banks and Financial Institutions
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– International Cooperation
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– Basel Committee
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– Financial Intelligence Unit
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– The Financial Action Task Force
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– Money Laundering Reporting Officer and their role
- – Software for AML Screening
Section B:
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– What is KYC
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– Why is KYC important to Banks
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– What are the benefits of KYC
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– What is end to end KYC process: Client Life Cycle
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– KYC procedures
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Customer Identification Program
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Customer Due Diligence (CDD)
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Enhanced Due Diligence (EDD)
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Ongoing Monitoring
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– Types of Review
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Client Onboarding
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Regular Review
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Remediation
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Event Driven Review
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New Product Extension
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Offboarding
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– Risk Classification
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Country risk
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Industry risk
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Product risk
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Entity risk
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– KYC & AML/Bank Secrecy Act: Key points
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– KYC: Way forward
Student Ratings & Reviews
