The staff of financial institutions are the first line of defence to the prevention of money laundering. The key Know Your Clients (KYC) and Customer Due Diligence (CDD) principles must be understood and put into practice even when no one is watching. These principles will help to identify money laundering risk and help financial institutions to monitor the risk effectively.

• Understand the fundamentals of KYC/CDD
• Know what are risk-based assessment and National Risk Assessment
• Understand customer AML risk categorisation
• Know what are required at the customer initial due diligence stage
• Understand the requirements for on-going due diligence
• Identify the situations that require the reporting of suspicious transactions

Module 1: Fundamentals of KYC/CDD

Module 2: Risk Based Assessment and National Risk Assessment

Module 3: Customer AML Risk Categorisation

Module 4: Initial Due Diligence

Module 5: Ongoing Due Diligence

Module 6: Reporting Suspicious Transactions

Assessment – MCQ