Course description
This virtual classroom seminar will examine the key considerations and action points needed when regulated financial services firms conduct Know Your Customer (‘KYC’) on their clients.
It will provide an update on the FCA’s approach, practical tips and guidance on the KYC process and will touch upon how the new Consumer Duty has impacted financial services institutions.
Delegates will also hear about the SWIFT KYC Registry, its function and importance and how it is delivering blockchain interoperability.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This new virtual classroom seminar will examine the key considerations and action points needed when regulated financial services firms conduct Know Your Customer (‘KYC’) on their clients.
It will provide an update on the FCA’s approach, practical tips and guidance on the KYC process and will touch upon how the new Consumer Duty has impacted financial services institutions.
Viewers will also hear about the SWIFT KYC Registry, its function and importance and how it is delivering blockchain interoperability.
What You Will Learn
This live and interactive session will cover the following:
- What are the FCA’s KYC requirements for regulated entities?
- The differences between KYC and AML
- The importance and function of risk assessments - why and how?
- The importance of creating and maintaining internal policies and procedures
- The mandatory requirement to conduct customer due diligence and the difference between standard due diligence and enhanced due diligence - how do we determine which is applicable?
- KYC Registries - SWIFT and blockchain interoperability
- Importance of the sanctions list and how it should be approached
- Money laundering officer and audits of employees
- The importance of regular training and development for employees
- The impact of the new Consumer Duty
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...