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Know Your Customer – Banks

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Product Code: TC/01

Know Your Customer (KYC) is an important banking procedure that enables banks to understand their customers better by verifying their customers’ true identity and the nature of financial transactions expected in dealing with their customer. ‘Know Your Customer’ (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures. This course will introduce you to some basic information related to the Know Your Customer procedure of banks. The course has 5 short modules. Each Module describes to you the various aspects of KYC in simple and clear terms.
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Know Your Customer (KYC) is an important banking procedure that enables banks to understand their customers better by verifying their customers’ true identity and the nature of financial transactions expected in dealing with their customer. ‘Know Your Customer’ (KYC) is the guiding principle behind Anti-Money Laundering (AML) measures. This course will introduce you to some basic information related to the Know Your Customer procedure of banks. The course has 5 short modules. Each Module describes to you the various aspects of KYC in simple and clear terms. 1. For a person seeking a career in the Banking and Finance domain, knowledge of KYC is an important element. For a person already working in the industry, it is an essential knowledge to have for your day-to-day functioning. 2. Language/ Medium of instruction – English 3. Subscription Validity – Three Months from enrollment on TrainingCentral Portal
Chapter Title  Description
0 Course Objective

On completing this course, you will be able to,

  • Demonstrate a command of the knowledge and entities related to Know Your Customer (KYC) guidelines and various factors which are critical to them
  • Demonstrate competency in the use of language and terminology appropriate to KYC
1 KYC Process in Detail

On completing this chapter, you will be able to understand:

  • The need for KYC Process
  • Key steps of KYC
  • Customer Acceptance Policy;
  • Customer Identification Procedures;
  • Monitoring of Transactions; and
  • Risk Management.
  • KYC Grid and exception processing
  • Documentation with respect to KYC
  • Compliance with respect to all regulatory authorities
  • Ongoing audit and compliance of KYC activities
3 Regulatory aspects in KYC

On completing this chapter, you will be able to understand:

  • RBI Circular relating to KYC
3 Bank’s KYC Policy

The topics covered in this chapter are

  • Applicability to Branches and Subsidiaries Outside India
  • Appointment of Principal Officer
  • Correspondent Banking
4 KYC and Risk parameters

The topics covered in this chapter are

  • Significance of KYC and its adoption by Outsourced Selling Agents
  • Reputation Risk
  • Operational Risk
  • Fraud Management
5 Assessment Based on Question Bank

 

• Gradate seeking employment in the Banking & Finance industry OR • Person working in the Banking & Finance industry and seeking a deeper understanding on KYC Norms.
  1. Once you have purchased this eCourse, you will receive an Order Confirmation on your registered email id from shop@onlinevarsity.com
  2. You will receive an activation email from "TrainingCentral Solutions" with details on how to activate your course within 72 hours. 

 


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