Does Customer Due Diligence include Basic, Enhanced & On-going Due Diligence depending upon Client's Risk score ? I f Yes, please make a video on these types too.
@Alishankhuwaja6622 Thanks for the comment and support. It all depends where you are in your AML journey. If you new to the industry and want to break into a roll i would suggest the Foundation to AML and KYC training course we offer, it is free and will give you basics regrding AML/CFT. If you already have experience i would recommend one of the more advanced online training courses, they are all self-paced and online. If you budget goes further then a more advanced certification may be an option, however in those cases its better for your existing employer to support you and cover the cost. Please get in touch if you have more questions as a member of the team will be happy to help.
@Diwakar .s Thanks for the comment and the suggestion. Thats a good one, Transaction Monitoring is a very broad subject as its performed differently across products but nevertheless its a good suggestion.
@jithu jiffy thank you for the comment. I believe we have covered this item already. Please see the following link. th-cam.com/video/08NFiqOwqJc/w-d-xo.html We will soon also have the Introduction to screening course training too. 👍👍
@Nitisha Mishra Thank you for the comment and support, please see the below tutorial which is focused on AML/KYC courses th-cam.com/video/yC8GUnwWzgs/w-d-xo.html Alternatively, we also have a free course if you are new to AML/KYC www.freeamlcourses.com/ if you have any questions just reach out we may be able to help you out.
@Krishna Nailwade. We have done a video on tax evasion and touch upon some countries. But maybe a video just focused on the tax haven countries is not a bad idea 👍👍😉
@7 SKY Thank you for the support and question... "A risk-based approach means that countries, competent authorities and banks identify, assess, as well as understand the money laundering and terrorist financing risk to which they are exposed and take the appropriate mitigation measures in accordance with the level of risk" In other words they are able to assess their ML/TF exposure on a case by case basis depending on the risk the client presents. It doesnt mean less diligence it means more effective diligence in line with the scenario. However, for a company to be able to fully implement a Risk Based Approach they should already have a robust enough AML process in place. Hope the above helps. If you need further assistance just let us know. 👍
Hi and thanks for the video. I'm very confused and I have some questions that need answers please. 1- is it true that the elements or the stages of risk-based approach is included in ISO 31000? 2- what is the difference between risk management and Risk Based Approach? 3- is there any other approaches rather than risk-based approach? accordingly, if there are no other approaches, why did they call it risk based approach? 4- Where can I use risk-based approach? is it only for AML CFT? 5- Is there any standard that talk about the Risk based approach? any book or organization that explain in more details about the risk-based approach.
@Aamer Ali thank you for the comment, a lot of questions raised there but will try to answer the majority of them below, 1) Risk Based approach is not a tangible process it is requires a logically approach to the individual risk on a case by case basis. 2) They are not too different as both allows for individual analysis to be performed on the risk 3) The Risk Based approach gives the opportunity to see and mitigate the risk accordingly. other approaches can be a rule based approach which in some cases can also be considered a tick box exercise depending on how its applied. 4) A risk-Based approach can be seen across different types of risks not just AML/CFT as it based on applying logic. 5) the FATF (Financial Action Task Force) has a lot of material on the use of the Risk Based Approach. Once again, thanks for watching and for the questions.
There are three types of Risk High Moderate Lowe When there is hig h risk Red flag We have to stop doing analyse And i ce who come across those scenarios we have to ask
@madrit Janaki Thank you for the comment. Yes some places will call it medium or moderate as you indicated. So once the red flag or high risk indicator found you escalate to your compliance team?
Informative❤
thank you for this interesting presentation. it simplify the understanding of this matter
@mohamedkassem4974 Thank you such a nice comment, we are glad you liked the video tutorial
Very good and funny videos bring a great sense of entertainment!
Thanks for the comment
Nice
Does Customer Due Diligence include Basic, Enhanced & On-going Due Diligence depending upon Client's Risk score ? I f Yes, please make a video on these types too.
I was wondering where would any of the customer analytics and insights be needed within the CDD
@kyclookup what are the tips and tricks to spot red flags in case studies?
Hi, thanks for the video. Would you please suggest any course regarding AML/CFT for career growth?
@Alishankhuwaja6622 Thanks for the comment and support.
It all depends where you are in your AML journey. If you new to the industry and want to break into a roll i would suggest the Foundation to AML and KYC training course we offer, it is free and will give you basics regrding AML/CFT. If you already have experience i would recommend one of the more advanced online training courses, they are all self-paced and online. If you budget goes further then a more advanced certification may be an option, however in those cases its better for your existing employer to support you and cover the cost. Please get in touch if you have more questions as a member of the team will be happy to help.
Upload videos based on entity structures like sole trader, partnership, trust and cacs
@Visma Nathan!! Thanks for the comment. Yes its very much on the pipeline. Explainer videos on each type of entity structure. 👍👍👍 Great suggestion
Please make a video on Client onboarding process.. Thanks a lot🙏🏻
@Abhi dhal thanks for the comment, good suggestion
Can you provide the ppt used for this video? It would be useful for reference.
@Sameera Venkatesh thank you for the comment. Unfortunately we dont for the video. All our courses do have the material to go with it.
What does this means products & services offered? Does it mean the customer’s business?
It means what do customer serves through his business what products or services he sells.
Can u do video on transaction monitoring..
@Diwakar .s Thanks for the comment and the suggestion. Thats a good one, Transaction Monitoring is a very broad subject as its performed differently across products but nevertheless its a good suggestion.
Hi..I would request you to make a video on OFAC
Thanks for the comment,
we already have a video on OFAC, please see the below:
th-cam.com/video/3CM1lITGjxI/w-d-xo.html
Please do video on Name screening and Negative media screening
@jithu jiffy thank you for the comment. I believe we have covered this item already. Please see the following link.
th-cam.com/video/08NFiqOwqJc/w-d-xo.html
We will soon also have the Introduction to screening course training too. 👍👍
Please suggested certification for Kyc cdd
@Nitisha Mishra Thank you for the comment and support, please see the below tutorial which is focused on AML/KYC courses
th-cam.com/video/yC8GUnwWzgs/w-d-xo.html
Alternatively, we also have a free course if you are new to AML/KYC
www.freeamlcourses.com/
if you have any questions just reach out we may be able to help you out.
Please do video on name screening
Thanks
thanks for the suggestion. already have done so, please see the link below
th-cam.com/video/08NFiqOwqJc/w-d-xo.html
thanks for the suggestion
We have to keep in touch only with TL
And then only we have to speak to our peer after addressing
@Madrit Janaki Thank you for the comment and for the support 😀
Corporate end to end kyc topic
Please make a video on Tax heaven Countries
@Krishna Nailwade. We have done a video on tax evasion and touch upon some countries. But maybe a video just focused on the tax haven countries is not a bad idea 👍👍😉
This and all with relevant anqlyse e have to take screenshot nd to paste it
@Madrit Janaki Thank you for the comment and for the support 😀
Even we have to check the Transaction
@Madrit Janaki Thanks for the comment. Ohh interesting so you do the due diligence and the ongoing Transaction Monitoring?
What is risk based approach
@7 SKY Thank you for the support and question...
"A risk-based approach means that countries, competent authorities and banks identify, assess, as well as understand the money laundering and terrorist financing risk to which they are exposed and take the appropriate mitigation measures in accordance with the level of risk"
In other words they are able to assess their ML/TF exposure on a case by case basis depending on the risk the client presents. It doesnt mean less diligence it means more effective diligence in line with the scenario. However, for a company to be able to fully implement a Risk Based Approach they should already have a robust enough AML process in place.
Hope the above helps. If you need further assistance just let us know. 👍
Hi and thanks for the video. I'm very confused and I have some questions that need answers please.
1- is it true that the elements or the stages of risk-based approach is included in ISO 31000?
2- what is the difference between risk management and Risk Based Approach?
3- is there any other approaches rather than risk-based approach? accordingly, if there are no other approaches, why did they call it risk based approach?
4- Where can I use risk-based approach? is it only for AML CFT?
5- Is there any standard that talk about the Risk based approach? any book or organization that explain in more details about the risk-based approach.
@Aamer Ali thank you for the comment, a lot of questions raised there but will try to answer the majority of them below,
1) Risk Based approach is not a tangible process it is requires a logically approach to the individual risk on a case by case basis.
2) They are not too different as both allows for individual analysis to be performed on the risk
3) The Risk Based approach gives the opportunity to see and mitigate the risk accordingly. other approaches can be a rule based approach which in some cases can also be considered a tick box exercise depending on how its applied.
4) A risk-Based approach can be seen across different types of risks not just AML/CFT as it based on applying logic.
5) the FATF (Financial Action Task Force) has a lot of material on the use of the Risk Based Approach.
Once again, thanks for watching and for the questions.
There are three types of Risk
High
Moderate
Lowe
When there is hig h risk
Red flag
We have to stop doing analyse
And i ce who come across those scenarios we have to ask
@madrit Janaki Thank you for the comment. Yes some places will call it medium or moderate as you indicated. So once the red flag or high risk indicator found you escalate to your compliance team?
Tikiriguer
Thank you