KYC COURSE: KYC ADVANCED
Know your customer is an essential part of anti-money laundering efforts. This is the follow up course to our KYC Basic training. In this advanced KYC course you will dive deeper into practical scenarios and detailed process steps within the KYC process. A hands on approach and Monday morning readiness will make sure that you can start working on KYC checks right after finishing this advanced KYC course.
What you’ll learn
• Relevant Client Information
• Relevant Risk Factors
• Related Parties
• Ownership drilldown
• Entry-level AML compliance professionals
• Mid-level AML compliance professionals
• Individuals looking to start a career in AML compliance
• Individuals looking to boost their knowledge & career in AML compliance
• Business owners of businesses which are required to comply with AML regulations
• Business owners looking to train their staff on KYC
|Content||Standard Course||Certified Course|
|Real-life example cases||✓||✓|
|24/7 access anytime& anywhere||✓||✓|
|Up to date||✓||✓|
|Courses developed by experienced AML experts||✓||✓|
|Bonus best practice tips||✕||✓|
|Useful downloadable bonus material||✕||✓|
|Live Q&A Session with one of our training professionals||✕||✓|
|Marked final assessment||✕||✓|
This advanced KYC course continues on the foundation obtained from our KYC basic course or otherwise. This KYC course dives deeper into more complex scenarios that may occur in know-your-customer KYC checks and how to deal with these complex cases.
Complex scenarios include enhanced due diligence high risk cases, cases with politically exposed persons (PEP), adverse media or any other per se high risk factors. Complex ownership strucutres and ownership drilldown with more complex scenarios with differentiating capital and voting rights will also be covered in this advanced KYC course.
While the KYC basic course provides a great introduction in into the subject of know-your-customer without overwhelming participants with too much detail and depth, this advanced KYC course does just that. Depth, practicability using fictional cases and assignments and more complex content make this course ideal for KYC analysts looking to expand their knowledge further.
After completing this advanced KYC course participants will be ready to handle even complex cases with complex ownership structures including many intermediate beneficial owners (IBO’s). The dominiation and accumulation calculation methods are thoroughly explained in this advanced KYC course to ensure that you never miss out a ultimate beneficial owner (UBO).
Screening is another highly important aspect of know-your-customer (KYC) and is also covered in detail in this advanced KYC course. Understanding the difference between a true hit and a false hit for adverse media is essential and makes the difference between a low/medium risk and a high risk case. Understand how to interpret news and media coverage on a company efficiently and accurately.
Will you aid us in the fight against money laundering and prevent money launderers from abusing the financial sector in order to create a safe and innovative environment for businesses to thrive and create new, efficient and helpful solutions to end consumers and businesses. The advanced KYC course provides a certificate which demonstrates your expertise in the area.
Ensure that your business or institution remains compliant in order to avoid fines and other restrictions so that you can focus on entirely on optimizing and promoting your product or service. Educated employees can increase effectiveness and reduce costs when undertaking relevant anti-money laundering checks and ongoing monitoring. AFC Academy certified employees are ready to go immediately and save you a lot of time & effort in the ongoing efforts in Know-Your-Customer (KYC).