KYC – Know Your Customer
Duration10'
No. of mini-lessons4
ResourcesTakeaway Tasks
Duration 10'
No. of mini-lessons 4
Resources Takeaway Tasks
Course overview
We’ve all seen heists in the movies and on TV. A car full of bad guys show up at a bank, break in, then drive away with bags full of swag. But with the expanding global economy and a new reliance on internet transactions, it’s getting harder and harder to know who the bad guys are.
KYC, or Know Your Customer, standards exist to protect financial institutions and consumers from money laundering, terrorist financing, corruption, and fraud. Thorough KYC processes are essential for compliance and risk management in financial organizations. As the global economy grows, there are huge benefits to KYC systems, but also challenges. This course will give you a good overview.
What's covered
The benefits of KYC
The challenges of KYC and cryptocurrency
Compliance through the KYC 3-step framework
Why your teams need this course
Everyone working in financial organizations needs to know who their customers are. KYC standards help prevent identity theft, money laundering, financial fraud, terrorism, and other financial crimes. With effective KYC processes, you can protect yourself, your customers, and your firm. In this course, your teams will learn about the benefits and challenges of KYC. They’ll also learn about compliance through the KYC 3-step framework.
Accredited by CPD
TalentLibrary is recognized as reaching the standards and benchmarks required by the Continuing Professional Development (CPD) Certification Service.
The CPD Certification Service is the world’s leading and largest independent accreditation organization for professional development courses across all industry sectors.
