Summary

This course enables finance professionals to enhance their knowledge and skills in Know Your Customer (KYC) file remediation, covering key aspects such as identity verification, source of funds and wealth checks, and customer risk rating.

This course is one of several courses within the Certificate in Know Your Customer. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Course Objectives

• Understand the importance of KYC remediation in financial compliance
• Identify required documents and verification procedures for identity validation
• Conduct effective source of funds and source of wealth checks
• Assess and assign appropriate customer risk ratings based on KYC data
• Apply best practices and regulatory standards in KYC remediation

Course Structure

• Section 1: What is Customer KYC Remediation?
• Section 2: Understanding KYC Remediation
• Section 3: Identity Verification
• Section 4: Source of Funds and Wealth Checks
• Section 5: Customer Risk Rating
• Section 6: Case Studies
• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 45 and 90 minutes, depending upon your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.