Cod. 02 KYC Course Due Diligence and Beneficial Ownership
About This Course
Introduction
In this course, you will learn the key obligations of Anti-Money Laundering (AML) legislation. The focus is on customer due diligence, which requires intermediaries and professionals to identify the customer and, above all, their Beneficial Owner, i.e. the natural person who holds final control over them..
You learn to apply a risk-based approach, modulating the intensity of the checks (simplified, ordinary or strengthened) based on the customer profile. The goal is to constantly monitor the relationships and report suspicious transactions to prevent the illicit use of the financial system.
Structure
The course is structured into a half-day classroom session lasting three hours. The teaching of the course includes an important pragmatic activity with the practical analysis of real cases, proposed by the students themselves, and subject to analysis and plenary discussion or exercise guided by the teacher. Each half day of training releases 2 training credits necessary for the renewal of certifications issued by the school (AMLACERT, KYCACERT, RCACERT, WSACERT) and CAMS certification.
Program
THE RECIPIENTS OF THE OBLIGATIONS ANTI-MONEY LAUNDERING
– Financial Intermediaries
– Other financial operators
– Legal and accounting professionals
– Legal auditors
– Non-financial operators
– Focus: virtual asset service providers (VAPs)
THE OBLIGATIONS REQUIRED BY THE ANTI-MONEY LAUNDERING REGULATIONS
– Anti-Money Laundering Compliance.
– Execution of obligations in relation to adequate verification overview.
– Customer identification.
– Companies and entities with or without legal personality legal.
– Trust, fiduciary assignment or other similar institution/instrument.
– Delegates to operate and publish administration.
– Identification of the Beneficial Owner.
– The beneficial owner in capital companies.
– The beneficial owner in foundations, associations and public administration.
– The beneficial owner in trusts and similar institutions.
– Examples of identifying the emotional owner.
– Due diligence during onboarding and ongoing.
– Onboarding risk (business risk assessment).
– Customer verification activities.
– Verification of the information acquired on the clientele.
– Information on the purpose and nature of the relationship.
– Constant ongoing monitoring.
– Obligation to keep documents.
– Data storage methods and information.
Your Instructors
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