Cod. 03 – KYC course, Risk Based Approach

Introduction

This course illustrates the risk-based approach, a cornerstone of the Anti-Money Laundering Regulation. This method allows for modulating the intensity and scope of due diligence obligations. based on the degree of money laundering and terrorist financing risk associated with each individual customer.

Structure

The course consists of a half-day, three-hour classroom session. The course includes significant hands-on learning with the practical analysis of real-world cases, proposed by the students themselves, which are then analyzed and discussed in plenary sessions or through exercises led by the instructor. Each half-day of training provides two training credits, necessary for renewing the certifications issued by the school (AMLACERT, KYCACERT, RCACERT, WSACERT) and the CAMS certification.

Program

THE RISK-BASED APPROACH
– Risk-based approach
– The AML risk assessment metric
– Example of a risk-based approach
– The due diligence process (CDD)
– Enhanced Due Diligence (EDD)

FOCUS EBA GUIDELINES ON ML/TF RISK FACTORS 2021/02
– Reference context
– Overview of the main news

FOCUS EBA GUIDELINES “ON THE USE OF REMOTE CUSTOMER ONBOARDING SOLUTIONSUNDER ARTICLE 13(1) OF DIRECTIVE (EU) 2015 / 849 "
– Reference context
– Overview of the main news
– In-depth analysis: internal regulations
– In-depth analysis: outsourcing
– In-depth study: ICT topics

GOVERNANCE AND MANAGEMENT SYSTEM RISKS
– The actors of control governance and the levels of garrison.
– Audit and first and second level control functions.
– Enhancement of the risk appetite framework (RAF).
– Compliance Risk Assessment: Management of the risk in circ. 285/2013.
– AML/CFT risk self-assessment methodology.
– AML/CFT risk mitigation techniques.
– Self-assessment process.