Know Your Customer (KYC) Regulatory Compliance
Building Trust, Ensuring Transparency – Mastering KYC for Global Compliance
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
This comprehensive 5-day training program equips compliance professionals, bankers, and financial sector regulators with an in-depth understanding of Know Your Customer (KYC) processes, regulatory requirements, and international best practices. Participants will gain hands-on tools to design, manage, and enhance KYC programs aligned with AML/CFT laws and risk-based compliance frameworks.
Course Objectives
By the end of this course, participants will be able to:
- Understand the global regulatory landscape around KYC and AML/CFT
- Implement risk-based KYC onboarding, screening, and monitoring
- Design KYC frameworks to meet FATF, FinCEN, EU, and local compliance standards
- Detect and report suspicious activity effectively
- Ensure due diligence, data integrity, and audit-readiness
Key Benefits of Attending
- Learn the latest global KYC/AML expectations and enforcement trends
- Strengthen your institution’s regulatory posture and risk defenses
- Gain skills to lead audits, remediation, and digital KYC transformation
- Master red flag detection and risk scoring models
Intended Audience
- Compliance & AML officers
- Internal auditors & risk professionals
- Onboarding/KYC analysts & operations teams
- Bankers and financial services professionals
- Legal, audit, and regulatory reporting teams
Individual Benefits
- Practical KYC implementation and policy management skills
- Enhanced professional profile with compliance expertise
- Better career readiness for regulatory, audit, or banking roles
- Ability to handle complex due diligence and high-risk clients
Organization Benefits
- Reduced compliance risk and penalties
- Increased onboarding efficiency and customer trust
- Strengthened internal control and governance framework
- Enhanced audit readiness and transparency
Instructional Methdology
- Interactive case studies & real-life compliance failures
- Regulatory document analysis & compliance risk mapping
- Group work and role-play: customer onboarding scenarios
- Screening tool walkthroughs and red flag detection exercises
Course Outline
DETAILED 5-DAY COURSE OUTLINE (Customizable)
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: KYC Foundations & Regulatory Landscape
- Module 1 (07:30 – 09:30): Introduction to KYC and AML/CFT
- KYC pillars: Identification, Verification, Monitoring
- FATF Recommendations, Basel AML Index, Wolfsberg Principles
- Evolution of global KYC enforcement
- Module 2 (09:45 – 11:15): Legal & Regulatory Compliance Framework
- FinCEN, OFAC, EU AMLD, APG, and local regulations
- Customer Due Diligence (CDD) vs Enhanced Due Diligence (EDD)
- Penalties and enforcement case studies
- Module 3 (11:30 – 01:00): Risk-Based Approach to KYC
- Risk classification models (low/medium/high)
- KYC risk scoring and assessment templates
- Integrating KYC into the enterprise-wide risk management system
Day 2: KYC Operational Processes
- Module 4 (07:30 – 09:30): Customer Onboarding & Verification
- Identity documents, beneficial ownership checks
- Individual vs Corporate KYC
- eKYC technologies and biometrics
- Module 5 (09:45 – 11:15): Sanctions, Watchlists, and PEP Screening
- UN, OFAC, EU, UK sanctions compliance
- Politically Exposed Persons (PEPs): detection and risk
- Tools and vendors for screening automation
- Module 6 (11:30 – 01:00): Ongoing Monitoring & Transaction Review
- Periodic reviews and event-driven updates
- Suspicious Activity Reports (SARs/STRs)
- Alerts, escalation workflows, and audit trails
Day 3: Enhanced Due Diligence & High-Risk Clients
- Module 7 (07:30 – 09:30): Enhanced Due Diligence (EDD) for High-Risk Customers
- Offshore accounts, shell companies, correspondent banking
- Source of funds vs source of wealth
- Documentation and approval processes
- Module 8 (09:45 – 11:15): Red Flag Indicators and Case Study Analysis
- Red flags by customer type, geography, industry
- Real-life laundering schemes and detection errors
- Group case study: Identify red flags from onboarding file
- Module 9 (11:30 – 01:00): KYC Failures and Enforcement Lessons
- Analysis of major regulatory penalties
- Root causes: culture, data, governance
- What regulators expect from internal KYC reviews
Day 4: Technology, Digital KYC & Compliance Governance
- Module 10 (07:30 – 09:30): Digital KYC & RegTech Tools
- AI, blockchain, and digital identity
- Vendor evaluation criteria
- Risks of over-reliance on automation
- Module 11 (09:45 – 11:15): Internal Controls and Compliance Governance
- 3 lines of defense: roles & responsibilities
- Documentation, reporting lines, compliance charters
- KYC policy & procedure design
- Module 12 (11:30 – 01:00): Quality Assurance & Audit Preparation
- KYC file reviews and audit trail requirements
- Sampling techniques, quality control checklists
- Preparing for regulatory and internal audits
Day 5: Final Simulation, Best Practices & Action Planning
- Module 13 (07:30 – 09:30): Cross-Border KYC and Complex Structures
- Foreign clients, offshore entities, intermediaries
- UBO challenges and multi-jurisdictional compliance
- Trusts, foundations, and nominee arrangements
- Module 14 (09:45 – 11:15): Final Simulation: KYC File Review & Risk Assessment
- Group review of onboarding and monitoring files
- Drafting SARs, escalation memos
- Regulatory mock interview and feedback
- Module 15 (11:30 – 01:00): Wrap-up, Certification & Personal Action Plans
- Summary of lessons learned
- KYC maturity model: Where does your organization stand?
- Developing your personal roadmap
Certification
Participants will receive a Certificate of Completion in Know Your Customer (KYC) Regulatory Compliance, recognizing their expertise in designing and implementing robust KYC programs.