Course curriculum

  • 1. Fundamentals of KYC/CDD

    • 1.1 Who is Responsible for Anti-Money Laundering (AML)?

    • 1.2 The Board

    • 1.3 Lines of Defence

    • 1.4 Internal Anti-Money Laundering (AML) Policy

    • 1.5 Oversight of AML

  • 2. Risk Based Assessment and National Risk Assessment

    • 2.1 From Rule-Based to Risk-Based

    • 2.2 Assessing Risks as an Enterprise

    • 2.3 Assessing Risk Exposure

    • 2.4 The National Risk Assessment Report (NRA): Assessing Risk Across Industries

    • 2.5 Key Controls to Improve Initial CDD

  • 3. Customer AML Risk Categorisation

    • 3.1 Who are Your Customers?

    • 3.2 Embedded Country Risk

    • 3.3 Politically Exposed Persons

    • 3.4 Customers with Adverse News

    • 3.5 Video: What are the Panama Papers?

  • 4. Initial Due Diligence

    • 4.1 Monetary Authority of Singapore (MAS) Notice 626

    • 4.2 When to Perform Initial Due Diligence

    • 4.3 Identify Each Customer

    • 4.4 Verifying the Customer’s Identity

    • 4.5 Documentary Evidence

    • 4.6 Purpose for Opening an Account

  • 5. Ongoing Due Diligence

    • 5.1 Key Requirements

    • 5.2 When to Perform Ongoing Due Diligence

    • 5.3 When to Be Suspicious

  • 6. Reporting Suspicious Transactions

    • 6.1 Transactions That Arouse Suspicion

    • 6.2 Transactions That Do Not Make Economic Sense

    • 6.3 Transactions Involving Large Amounts of Cash

    • 6.4 Transactions Involving the Customer’s Bank Accounts

    • 6.5 Transactions Involving Transfers Abroad

    • 6.6 Investment-Related Transactions

    • 6.7 Merchants Acquired by a Bank for Credit Card or Charge Card Transactions

    • 6.8 Transactions Involving Unidentified Parties

    • 6.9 Tax Crimes-Related Transactions

    • 6.10 Trade-Based Related Transactions

    • 6.11 For More Information…

  • 7. Assessment

    • Instructions

    • Questions