Really good video on types of customer due diligence..I think you missed to explain what all data being populated in simplified due diligence 👍👍good job
The answer to your question is not so straightforward. SOF help the bank to ascertain the origin of funds used for the transactions that occur during the relationship with bank and its customer. This help the bank to understand the customer profile better and anticipated source of funds. Once onboarded, if bank sees some discrepancy in the SOF, they will investigate and try to understand the reason from customer. If response from customer is not aligned with the investigation and leading to further suspicion of money laundering, this will led to SAR and also affect the level of CDD to be performed. We hope this answer your question.
Documents requirement would differ basis the entity type. In case of company, it would be majorly around annual report, org structure, Article of association, memorandum, SOF & SOW, etc.
There is no straight forward answer to your question. It all depends upon your interest and more the KYC AML opportunity available to you. Some opportunities may require experienced resources but at times they do freshers.
Awesome video explaining 3 types of customer due diligence...i wasn’t aware of simplified due diligence
Loved all your videos on AML KYC concept
Quite insightful and explained the concept in quite detail
Thank you.
very informative and thank and different type of CDD was explained in clear
Thanks for your feedback 👍
i cannot find your coorporate KYC video have you deleted it @@AMLtraining
Nice work.. Good way to present and can be encapsulated by anyone
Very good and funny videos bring a great sense of entertainment!
We are glad that you may find this video funny and it brought some entertainment to your life. Enjoy
Really good video on types of customer due diligence..I think you missed to explain what all data being populated in simplified due diligence 👍👍good job
Great suggestion!
will source of fund country affect the level of cdd applied
The answer to your question is not so straightforward. SOF help the bank to ascertain the origin of funds used for the transactions that occur during the relationship with bank and its customer. This help the bank to understand the customer profile better and anticipated source of funds. Once onboarded, if bank sees some discrepancy in the SOF, they will investigate and try to understand the reason from customer. If response from customer is not aligned with the investigation and leading to further suspicion of money laundering, this will led to SAR and also affect the level of CDD to be performed. We hope this answer your question.
what all documents we need in enhanced due diligence please tell me?
Documents requirement would differ basis the entity type. In case of company, it would be majorly around annual report, org structure, Article of association, memorandum, SOF & SOW, etc.
@@AMLtraining thank you so much.
What is CFT?
CFT is countering financing of terrorism. It is synonyms for AML-KYC, CTF (countering terrorist financing)
Will give training..?
Not sure about your ask...let us know your requirements
@@AMLtraining I would like to learn kyc aml .. And I what to try aml kyc fresher job ..
@@yugi7402 let us know what help you need from us
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How to Start a carrier in AML KYC
There is no straight forward answer to your question. It all depends upon your interest and more the KYC AML opportunity available to you. Some opportunities may require experienced resources but at times they do freshers.
One thing is that u not write on screen else videos are best
Thanks for your feedback. We will incorporate it in our future videos