• Understand KYC Concepts: Grasp the fundamental principles of Know Your Customer regulations, including their origins, purpose, and significance in financial compliance.
• Master Customer Due Diligence: Acquire in-depth knowledge of customer due diligence procedures, enabling the effective verification of customer identities and assessment of risks.
• Navigate Regulatory Framework: Familiarise themselves with the specific KYC regulations in the UK, understanding the legal obligations, guidelines, and best practices applicable to financial institutions.
• Implement Risk Assessment: Develop skills in assessing customer risk profiles, ensuring the ability to identify potential vulnerabilities and take appropriate risk mitigation measures.
• Apply Compliance Procedures: Learn practical techniques for implementing robust KYC compliance procedures within organisations, aligning with regulatory requirements and industry standards.
• Prevent Financial Crimes: Understand how KYC practices contribute to preventing financial crimes such as fraud, money laundering, and identity theft, ensuring a secure financial environment.
• Stay Updated: Stay abreast of evolving KYC regulations and industry trends, enabling proactive adaptation to changes and ensuring continuous compliance within the financial sector.
Certification
CPD – Certificates are available to download immediately upon successful completion of the final quiz
Who is this course for?
Anyone working in a regulated sector or looking to secure employment in such a sector
Requirements
Internet access and ability to read/speak the English Language
Career path
- Financial Services
- Banking
- Compliance Risk
- FCA Regulated
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