The KYCS – Know Your Customer Specialist certification is designed for compliance officers, bankers, fintech professionals, auditors, and regulators who are responsible for customer onboarding, monitoring, and risk management. With rising regulatory pressure and financial crime risks, strong KYC practices are essential to safeguard financial institutions and meet global standards.
This comprehensive program combines theory, case studies, and practical exercises to provide a complete understanding of KYC frameworks and their role within AML/CFT compliance. Participants will explore:
Foundations of KYC: regulatory objectives, global AML/CFT context, and FATF recommendations.
Customer Due Diligence (CDD): procedures for onboarding individuals and entities, beneficial ownership identification, and self-certifications.
Enhanced Due Diligence (EDD): risk-based approaches for high-risk customers, PEPs (Politically Exposed Persons), and complex structures.
Ongoing Monitoring: transaction monitoring, periodic reviews, and identifying unusual patterns.
Sanctions and Screening: integrating sanctions lists, adverse media, and automated tools into KYC processes.
Technology & RegTech: using AI, biometrics, and digital ID solutions for efficient and secure onboarding.
Practical challenges: balancing compliance with customer experience, data privacy considerations, and cross-border KYC issues.
Upon completion, participants will be recognized as Know Your Customer Specialists (KYCS), capable of designing and managing robust KYC programs that protect institutions from financial crime, ensure compliance with global standards, and strengthen customer relationships.
