KYC Specialization Course – Know Your Customer

The KYC – Know Your Customer process

Introduction

A good KYC process should include three phases:
1) Customer identification – the first part of the process is to ascertain the customer's true identity and ensure that all checks are verified;
2) Customer due diligence – the process of assessing who the customer is, what activities they engage in, and what geographic areas they operate in. Due diligence requirements can range from simple measures to higher levels of scrutiny for high-risk individuals, activities, or operational areas.
3) Continuous monitoring – It is important to maintain continuous monitoring of customers and any significant changes or variations in the business to investigate.
The course is designed to ensure that financial crime risk professionals acquire the knowledge necessary to efficiently and effectively manage the risks of money laundering, tax evasion, financial crime, and terrorist financing within their organizations.
The course focuses on these topics and on specific aspects of governance and internal controls identified by international and local regulatory bodies.
The course draws on the trainers' extensive experience working with and delivering courses to a wide range of financial institutions.
As such, it will be both practical and interactive and should be of interest to compliance, finance, and risk professionals at financial institutions and other relevant entities.

Location

The Course is available and can be used in the following ways:
– Physical classroom
– Webinar classroom
– E-learning

Learning outcomes

The course aims to provide a systematic and comprehensive analysis of the legal and regulatory guidelines that companies must follow in managing the risks of money laundering, tax evasion, and terrorist financing.
The course covers best practices in governance, risk management, and internal control for the aforementioned financial crime risks. It includes several case studies, exercises, and discussion points, and as such will be highly practical and interactive.
Participants will develop a greater appreciation and understanding of the KYC process:
international legal and regulatory framework within which customer due diligence is required;

Incorporation of this framework into local laws and client risk management practices;
Specific high-risk threats and challenges to customers, products, geography, and business;
Risk-based business assessment framework required for a holistic approach to managing money laundering, tax evasion and terrorist financing risks;
Importance of customer due diligence in deterring, identifying, and protecting against financial crime risks;
Importance of governance, internal control and culture in managing financial crime risks;
Escalation and ongoing threat management procedures in financial crime risk management.

Structure

18 Modules in Blended mode (9 classroom + 9 e-learning).
The course lasts 4 months and is organized into 18 modules attended in Blended mode.
Each module includes half a day of classroom attendance and 3 weeks of e-learning:
The e-learning module follows the classroom module in time, going into greater depth on the topics and allowing the certification of the skills upon completion through the administration of tests.
check with an average daily commitment of about 10 minutes.
The course teaching includes an important pragmatic activity, dedicating the afternoon
from classroom days to the practical analysis of real cases, proposed by the students themselves on the days
preceding the intervention, and subject to analysis and plenary discussion or guided exercise
from the teacher.
Those who pass the intermediate tests on the e-learning platform and the final exam will obtain the KYCCERT® second-level certification.

Program

MODULE 1: in physical/virtual classroom
Panel discussion

MODULE 2 – in E-Learning
– Study on E-Learning platform

MODULE 3: in physical/virtual classroom
National and international regulatory framework on money laundering and terrorist financing
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 4: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 5: in physical/virtual classroom
KYC – Due Diligence & Beneficial Ownership
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 6: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 7: in physical/virtual classroom
KYC – Risk-Based Approach
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 8: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 9: in physical/virtual classroom
Suspicious Transaction Reporting, Transaction Monitoring & CFT
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 10: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 11: in physical/virtual classroom
Anti-Money Laundering Inspection
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 12: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 13: in physical/virtual classroom
Know your customer
– Presentation of the topics covered in the module
– Practical exercises with analysis and plenary discussion of specific cases, proposed by students in the days preceding the session, with possible exercises guided by the teacher.
– End-of-module Question Time

MODULE 14: in  E-Learning
– Study on E-Learning platform
– Learning assessment test on the E-Learning platform 

MODULE 15: in physical/virtual classroom
– Final exam simulation

MODULE 16: in physical/virtual classroom
– Final exam simulation

MODULE 17: in physical/virtual classroom
– FINAL EXAM

MODULE 18: in physical/virtual classroom
– FINAL EXAM

Financing

The Course can be financed thanks to the resources made available by the main Interprofessional Funds.