Brochure
Enquire- 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 & Methods
Online
₹ 3,499
Quick facts
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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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
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
Who it is for
Bank branch manager
Bank clerk
Bank probationary officer (po)
Finance executive
Financial analyst
Financial planner
Financial advisor
The course is not especially taken by particular candidates. Any aspirant who is interested in Banking and finances can apply for the course.
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.
The syllabus
Module 1 - Introduction to Money Laundering
Module 2 - Process of Money Laundering
- Process of Money Laundering
- 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
Module 3 - Legislation & 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
Module 4- Role of Correspondent Banking
- Introduction
- Policies and Measures
- Wire Transfer
- Role of Ordering, Intermediary and Beneficiary banks
Module 5 - KYC – Know your customer
- Basic Definitions
- Customer Profile
- BASEL Committee on KYC Policies
- KYC Policies and RBI’s Initiative
- Organizational Structure in Banks
Module 6 - 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
Module 7 - 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
Module 8 - 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
Module 9 - Reporting Obligations
- Cash Transaction Reporting (CTR)
- Counterfeit Currency Reporting (CCR)
- Suspicious Transaction Report (STR)
- Non-Profit Organization Transaction Reports (NTRs)
Module 10 - Transaction Monitoring
- Approach of Banks for Monitoring of Transactions
- Essentials of Transaction Monitoring process
- Methods of Monitoring
- Suspicious Transaction
- Name Screening
Module 11 - Staff and Customer Awareness
- Training Methods
- Records of training
- Customer Awareness on AML
- Training Program
Module 12 - KYC – Updation
- Need for KYC Updation
- Approach for KYC Updation
- Scope of KYC Updation
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.
