Discover how to verify the authenticity of customers' identities and prevent fraudulent acts in this free online course. ‘Know your customer’ (KYC) is a tactical approach to identifying and verifying clients' information and identity to ascertain the genuineness of the clients. Companies must conduct background checks on their clients before giving them access to their services or products. What methods can you use to verify a customer's identity effectively? We'll teach you the concept of KYC, how to verify customers' identities and prevent fraud.
| College | Alison |
| Course ID | 187722 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | In This Free Course, You Will Learn How To • Explain the phrase ‘know your customers’ • Discuss KYC compliance and the role it plays in combating money laundering and terrorism funding • List the three components of KYC • Outline the three categories of customer due diligence based on the level of risk associated with each individual • Recall the steps of the KYC verification process • Identify the two methods of collecting data from documents • Recall the types of transactions that are indicators of risk • Outline the stages of money laundering operations and provide examples • Summarise AML, AML compliance programmes and AML client onboarding as well as its processes • Recall the penalties of non-compliance |
| Course Code | 4908 |
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