Navigating Through the New age of Know Your Customer (KYC) - How to Implement Requirements & Ensuring Compliance That Also Benefits your Institution

Duration: 60 Minutes
This webinar will look at how banks, financial institutions and other organizations can implement proper "Know Your Customer" and related due diligence requirements. The emerging requirement of beneficial ownership will be highlighted, along with the necessity for regular updating of records. The emerging issue of beneficial ownership and how it relates to KYC will be outlined, as well as how such activities can be used to improve business opportunities and not just meet regulatory requirements.
New age of Know Your Customer (KYC)
Instructor: Kenneth Barden
Product ID: 508867
Objectives of the Presentation
  • Regulatory and legal basis requiring KYC and due diligence
  • Minimum standards for KYC
  • How to verify customer information
  • Issue of Beneficial Ownership
  • Importance of keeping records up to date
  • Marketing and business opportunities of KYC and due diligence
Why Should you Attend
Know Your Customer (KYC) remains a central focus for banks and financial institutions as they look to reduce on boarding costs, improve client experience and stay compliant. In order to comply with many anti-money laundering and other financial regulations, a bank or financial institution must have a good understanding of who it is dealing with and that customer's profile. This is important not only for legal and regulatory purposes, but is also good practice for a business to avoid problems and to exploit potential marketing and business opportunities.

Areas Covered
  • Legal requirements - Laws & requirements pertaining to KYC
  • Good practice on customer on-boarding
  • Proper record-keeping, management and updating
  • Establishing a customer profile
  • Risk management
  • Beneficial ownership
Who will Benefit
  • Compliance officers
  • Risk management staff
  • Marketing, operations, management
  • Employees and managers in banks or credit unions who make decisions concerning customer transactions, especially those with account responsibility for specific customers, and those with supervisory responsibilities
  • Compliance staff and management
  • Employees and managers in the Risk function in banks or credit unions
$249
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $329.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $379.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Kenneth Barden is a Senior Anticorruption and Good Governance Advisor with the Governance and Rule of Law Team at USAID. For many years, Ken was an independent consultant for several international development projects, including ones funded by USAID, the MCC, World Bank, UN, Asian Development Bank and others. Ken served as Team Leader for the USAID-administered MCC Threshold Indonesia Control of Corruption Project in Indonesia, working on anticorruption and judicial reform. Immediately prior to joining USAID, Ken was with the USAID Modernizing Financial Institutions project in the West Bank, where he led implementation of anti-money laundering and anticorruption activities. Ken's experience includes work in Eastern Europe, Central and Southeastern Asia, Oceania, the Middle East and Africa. He also has over 15 years of experience in municipal government. Ken holds a Juris Doctor from Indiana University, and a Bachelor's degree in Political Science from University of Indianapolis, as well as post-graduate work in Disaster Management from the University of Wisconsin and in International Humanitarian Law from the National Academy of Legal Studies and Research (NALSAR), in Hyderabad, India.
View More