Certified AML-KYC Compliance Officer

BY
Vskills

Ever dreamed to get certified in the field of banking sector and finance field? V skills academy is welcoming the candidate for the same.

Mode

Online

Fees

₹ 3499

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based

Course overview

The course is about a compliance officer in the banking sector and finance field for the aspirants who dream to get settled in bank sectors. The most valuable career has to be chosen from the right path and the academy helps the aspirants to be capable of selecting the right path by V skills. The main aim of this academy is to make the candidates to get settled in their respective fields.

Banking sectors and financial markets have a great prominent place in today’s world. Aspirants from these areas are needed to be skilled and should have the capability to handle any type of situation. These field members require courage, creativity, and conciseness in their work. These field members also require accounting knowledge and capability to make complex tasks into simple tasks. All these skills are combined in the trained version of v skills.

The course is offered by the v skills academy. The most successful career fulfilling satisfaction is given to the candidates from this academy. Therefore candidates can utilize their time with this type of academy for fulfilling their goals. With this training, the candidate can avail of a government certificate and lifetime access to the course. The academy has much more joining hands with many companies so that candidates can have a path for hiring.

The highlights

  • Government certification with life-time access to the course
  • 1-year validity for taking of exam and get the certificate
  • Increase of Employment chances for the candidate
  • Sharable E-certificate in resumes and CVs
  • Lifetime certificate validation and free practice tests

Program offerings

  • Online video lecture
  • Study materials
  • Practice assessments
  • E-certificate from the government with lifetime validity
  • Free practice test
  • Case studies

Course and certificate fees

Fees information
₹ 3,499

Fee details for the course Certified AML-KYC Compliance Officer programme are as follows:

  • The fee amount of Rs. 3499 needs to be paid for this programme 

Type of Fee

Amount

Total Fee

Rs. 3499

Note: No registration fee is applicable for this course

certificate availability

Yes

certificate providing authority

Vskills

Who it is for

The course is not especially taken by particular candidates. Any aspirant who is interested in Banking and finances can apply for the course.

Eligibility criteria

Certificate qualifying details

The candidate should submit the assessments and take up the test within a year and pass to get the certificate. Then only the certification of completion will be given.

What you will learn

Accounting proficiency Knowledge of banking
  • Knowing your customer (KYC) and their needs to make them satisfy for the success of business obligations
  • Security purposes for financial bonds, assets, and inflows in financial companies
  • Reporting the timely actions of finances to the respective high officers

The syllabus

Introduction

  • What is Money Laundering?
  • Prevention of Money Laundering Act, 2002
  • Global Phenomenon
  • Tainted Money or Dirty Money
  • Washing of “Dirty” Money
  • Money Laundering – Case Studies

Money laundering-Process and Methods

  • Process of Money Laundering
  • Process of Money Laundering – Case Studies
  • Methods used for Money Laundering
  • Role of Technology
  • Sources of Tainted Money
  • Effects of Money Laundering
  • Economic Effects
  • Terrorist Financing
  • Informal Value Transfer Systems
  • Suspicious Conduct and Transactions
  • Unusual Transactions
  • Non-Face-to-Face Customers
  • Politically Exposed Persons

Legislation and International Cooperation

  • Legislations against Money Laundering
  • Financial Action Task Force (FATF)
  • Anti-Money Laundering Measures in India
  • RBI Guidelines regarding AML
  • Role of IBA Working Group
  • Technology in AML Measures
  • BASEL Committee
  • European Union Directives on Money Laundering
  • UK Regulatory Framework
  • UN RESOLUTIONS
  • The Wolfsberg Principles
  • US Regulatory Framework
  • Other Global Initiatives
  • Money Laundering Avoidance Software

Role of Correspondent Banking

  • Introduction
  • Policies and Measures
  • Wire Transfer
  • Role of Ordering, Intermediary and Beneficiary banks

KYC-Know your Customer

  • Basic Definitions
  • Customer Profile
  • BASEL Committee on KYC Policies
  • KYC Policies and RBI’s Initiative
  • Organizational Structure in Banks

KYC Operating Guidelines

  • Customer Profiling
  • Opening of Accounts
  • Suggested Safeguards
  • Closure of Accounts
  • Monitoring of Accounts
  • Credit Cards/Debit Cards/Smart Cards/Gift Cards
  • ‘At Par’ Cheque Facility
  • Combating Financing of Terrorism
  • Jurisdictions to not apply the FATF Recommendations

Internal Controls and Structure in banks

  • Roles and Responsibilities of the Staff
  • Roles and Responsibilities of Board of Directors and Senior Management
  • Role and Responsibilities of the Principal Officer
  • Role and Responsibilities of the Internal Audit/Internal Control Teams
  • Role and Responsibilities of the Business Groups
  • Designated Director
  • Internal Investigations
  • Closing the Account
  • Mutual Legal Assistance Treaties
  • Financial Intelligence Units

Customer Risk Categorization (CRC)

  • Customer Risk
  • Need for Risk Categorization
  • Customer Acceptance Policy (CAP)
  • Customer Identification Procedure (CIP)
  • Customer Due Diligence (CDD)
  • Risk Scoring Model

Reporting Obligations

  • Cash Transaction Reporting (CTR)
  • Counterfeit Currency Reporting (CCR)
  • Suspicious Transaction Report (STR)
  • Non-Profit Organization Transaction Reports (NTRs)

Transaction Monitoring

  • Approach of Banks for Monitoring of Transactions
  • Essentials of Transaction Monitoring process
  • Methods of Monitoring
  • Suspicious Transaction
  • Name Screening

Staff and Customer Awareness

  • Training Methods
  • Records of training
  • Customer Awareness on AML
  • Training Program

KYC Updation

  • Need for KYC Updation
  • Approach for KYC Updation
  • Scope of KYC Updation

Admission details


Filling the form

Below mentioned are to be followed to get admission in Certified AML-KYC Compliance Officer Course:

Step 1: The candidate should visit the website of the course using the following link: https://www.vskills.in/certification/accounting-banking-and-finance/certified-aml-kyc-compliance-officer

Step 2: Candidate should register for a certification exam before the due date and appear for an online exam

Step 3: if the candidate gets qualified he/she will be intimated

Step 4: To get admission he/she should pay the fee and access the course for a lifetime

Note: there are no registration forms to get registered and online payments are accepted.

Evaluation process

The candidate should take the test in order to get the certificate. The details for the exam is as mentioned below:

  • No of questions:50
  • Duration: 1 hour
  • Qualifying marks: 50%
  • Online exam
  • No negative marks
  • Questions are asked from the course syllabus only.

How it helps

The course is helpful for the candidates to get their career in the fields of banking sectors and finances. The course makes the candidates learn the applications in various banking sectors and can help the candidate to work well in the workplace as well. 

The main theme of the academy makes the candidate capable of learning with practical knowledge and to hire them in the best companies that suit them.

The course validity is for a lifetime and candidates can access the course content for a lifetime and can earn as many certificates as he can. 

Therefore it is clear that it is a one-time payment. The course is made available with unlimited practice tests for the candidates to get skilled for the qualifying exam. Also, the certificate is valid for a lifetime and the academy also gives course study material for one time only.

The course offered by Vskills is the most reputed online learning platform that has more than 1000+ students and 1000+ courses with certified qualifications. Also, the course offers a government certificate that is digital and shareable in resumes and CVs. Therefore these certificates are valid for a lifetime and these add value to the candidates to get hired. The job training is given for free to qualified candidates and increases the chances of hiring.

FAQs

Can I get classes for training in the qualifying exam?

No, Candidate can get classes for only the course and he /she should prepare for qualifying exam by their own.

What is the duration of the course?

There is no particular duration for this course. The candidate should take the test and pay the fee within one year to continue the course.

What syllabus will be there in the qualifying exam?

The qualifying exam consists of fundamentals in the banking and finance field to check whether the candidate is suitable or not for the course.

Can I get a refund of my fee if I am not interested in the course?

By following certain terms and conditions candidates can get a refund of the fee within the first 15 days of the course only.

How can I get benefited from the certificate?

The certificate is an e-certificate provided by the government and it has lifetime validity. Candidates can add the certificate in their CVs and resumes so there are chances of hiring them in top companies.

How long can I access the course material?

Candidates can access the course material for a lifetime if he/she once after paying the fee for one time.

Can foreign students take up this course?

Yes, candidates from any country are eligible to take up this course without any formalities

Can I get job assistance training for free?

Yes, the Candidate need not pay the fee specially for job assistance training and he/she can avail of training for a lifetime

What are the prerequisites for taking up this course?

There are no particular qualifications required to take up this course. Any interested candidate can apply for this programme.

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