Know Your Customer programe

Start Date End Date Venue Fees (US $)
05 Oct 2026 Dubai, UAE $ 3,900 Register
09 Nov 2026 Abu Dhabi, UAE $ 3,900 Register

Know Your Customer programe

Introduction

This course provides participants with a practical understanding of Know Your Customer (KYC) principles, customer due diligence (CDD), and regulatory compliance requirements for preventing financial crime. It covers customer identification and verification, risk-based due diligence, enhanced due diligence, beneficial ownership, sanctions screening, ongoing customer monitoring, record management, and compliance reporting. Participants will gain the knowledge and skills required to implement effective KYC programs that support regulatory compliance and strengthen organizational risk management.

Objectives

    By the end of this course, participants will be able to:

    1. Understand the purpose and regulatory requirements of KYC and due diligence.

    2. Conduct customer identification and verification procedures.

    3. Apply CDD and EDD techniques to different customer types and risk levels.

    4. Identify high-risk customers and evaluate red flags.

    5. Assess beneficial ownership and verify complex ownership structures.

    6. Implement ongoing monitoring and risk-based updates to customer profiles.

    7. Perform sanctions, PEP, and adverse media screening.

    8. Maintain accurate documentation and comply with audit expectations.

    9. Support AML programs with strong KYC practices.

    10. Use tools and technology to enhance due diligence processes

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

  • Anyone with an interest in Anti Money Laundering/Know Your Customer
  • New entrants in AML Compliance/Client onboarding roles
  • Consultants, Project managers, operational staff or anyone whose role involves managing risk in the customer onboarding process

Course Outline

Module 1: Fundamentals of Know Your Customer (KYC)

  • Principles and objectives of KYC Regulatory framework for KYC compliance
  • Roles and responsibilities in KYC
  • Benefits of effective customer due diligence
  • Risk-based approach to KYC

 

 

Module 2: Customer Identification and Verification

  • Customer identification requirements
  • Identity verification methods
  • Document verification procedures
  • Digital identity verification
  • Record keeping requirements

Module 3: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

  • Customer due diligence principles
  • Risk categorization of customers
  • Enhanced due diligence requirements
  • Source of funds and source of wealth verification
  • Ongoing due diligence obligations

Module 4: Beneficial Ownership and Customer Risk Assessment

  • Identifying beneficial owners
  • Ownership and control structures
  • Customer risk profiling
  • Politically Exposed Persons (PEPs)
  • High-risk customer management

Module 5: Sanctions, Watchlists, and Adverse Media Screening

  • International sanctions frameworks
  • Watchlist screening procedures
  • Adverse media screening
  • Managing sanctions matches
  • Escalation and reporting procedures

Module 6: Ongoing Monitoring and Compliance

  • Transaction monitoring principles
  • Customer profile reviews
  • Trigger events for KYC updates
  • Ongoing compliance monitoring
  • Record maintenance and retention

Module 7: KYC Compliance Governance and Internal Controls

  • Governance structures for KYC
  • Internal control frameworks
  • Roles of compliance and business units
  • Staff responsibilities and accountability
  • Compliance monitoring processes

Module 8: Regulatory Reporting and Emerging Trends

  • Regulatory reporting obligations
  • Documentation and audit readiness
  • Internal compliance reviews
  • Technology in KYC and due diligence
  • Emerging trends in KYC and regulatory compliance

Accreditation

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