Ckyca Certified Know Your Customer Associate Exam Prep Guide

Video Guide of the CKYCA Exam Notes and Material

What you'll learn

Learning the knowledge to pass the CKYCA exam

Learning various knowledge from ACAMS exam

Learn the key points and skills for a KYC program

Learn the key points and skills for Anti Money Laundering

Requirements

No Requirements

Description

I will help you prepare for the CKYCA exam from ACAMS.The Certified Know Your Customer Associate (CKYCA) Certification is a globally recognized training program and exam for professionals early in their KYC/CDD careers.The Certified Know Your Customer Associate (CKYCA) program sets a new global standard for KYC compliance staff involved in analysis, onboarding, anti-money laundering prevention, and other related roles, providing recipients the core competencies required to perform KYC/customer due diligence (CDD) including enhanced due diligence (EDD) duties for higher risk customers with minimal supervision and experience.CKYCA applicants will learn procedures and strategies to assess and validate customer data, identify ultimate beneficial owners (UBOs) and associated third parties, screen for matches from sanctions lists and media reports, analyze managed assets and red flags for risk assessment purposes, and create customer profiles that account for privacy requirements and future audits, among other skills.The CKYCA program is a crucial piece of the ACAMS mission to equip our members with everything they need to excel in the anti-money laundering and anti-financial crime compliance sector. Whether you’re a junior KYC analyst or a team lead, this program will help you identify sources of wealth and flag potential criminal activity hidden behind opaque and complex structures.In this course, I go through the various concepts of the CKYCA with video lectures.

Overview

Section 1: Introduction

Lecture 1 KYC is intended to manage risk.

Lecture 2 Who is your customer?

Lecture 3 Definition of a customer

Lecture 4 Types of customer in financial services

Lecture 5 Types of risk: Regulatory, legal, financial, reputational

Lecture 6 Regulations related to KYC

Lecture 7 Customer risk and red flags

Lecture 8 Politically exposed person risk and red flags

Lecture 9 Shell company risk and red flags

Lecture 10 Jurisdiction risk and red flags

Lecture 11 Product risk and red flags

Lecture 12 Product risk and red flags (Case example)

Lecture 13 Channel risk and red flags

Lecture 14 Risk-based approach to business

Lecture 15 Controlling risk

Lecture 16 Residual risk equation

Lecture 17 Risk-based approach to KYC (initial and ongoing)

Lecture 18 Following organization-specific policies and procedures

Lecture 19 Four research steps

Lecture 20 Duty to report

Lecture 21 Tipping off

Lecture 22 Assess: To ask, plan, and prepare

Lecture 23 Three lines of defense

Lecture 24 Who reads the KYC customer profile, and why?

Lecture 25 Data security and privacy

Lecture 26 Levels of due diligence

Lecture 27 Customer identification process for a natural person

Lecture 28 Customer identification process for a legal person

Lecture 29 Documentary verification: Primary and secondary

Lecture 30 Non-documentary verification: Primary and secondary

Lecture 31 Beneficial ownership

Lecture 32 Beneficial ownership: Legal arrangements

Lecture 33 Beneficial ownership: Vs control

Lecture 34 Beneficial ownership: How to research

Lecture 35 CDD for a natural person

Lecture 36 CDD for a natural person (Case example)

Lecture 37 CDD for a PEP (Case example)

Lecture 38 CDD for a legal person

Lecture 39 CDD for a shell company (Case example)

Lecture 40 Risk-based escalation Part 1

Lecture 41 Risk-based escalation Part 2

Lecture 42 EDD for a natural person Part 1

Lecture 43 EDD For a natural person Part 2

Lecture 44 EDD for a natural person (Case example)

Lecture 45 EDD for a legal person

Lecture 46 EDD for a legal person (Case example)

Lecture 47 How much research is reasonably enough?

Lecture 48 Explore (to investigate, search, and interview)

Lecture 49 Criteria for selecting standard customer research sources

Lecture 50 Sources especially useful for enhanced customer research

Lecture 51 Internet search

Lecture 52 Internet search: Techniques and taxonomies

Lecture 53 Internet search (Case example)

Lecture 54 Internet search: Sanctions screening

Lecture 55 Internet search: Proprietary databases

Lecture 56 Internet search: Adverse media checks

Lecture 57 Conducting personal interviews

Lecture 58 Conducting site visits

Lecture 59 Documenting your research

Lecture 60 Data security and privacy (Reminder)

Lecture 61 Organize (to gather, align, collect, and clarify)

Lecture 62 Filter what customer information is relevant and important

Lecture 63 Risk-rating by applying your institution's policies and tools

Lecture 64 Present (to document, persuade, and defend)

Lecture 65 Who reads the KYC customer profile, and why? (Reminder)

Lecture 66 Customer profile structure and format

Lecture 67 Risk-based escalation (Accept / Reject)

Lecture 68 Transaction monitoring and ongoing reviews

Lecture 69 KYC is intended to manage risk

Lecture 70 Know your jurisdictions

Lecture 71 Categories of risk: Customer, jurisdiction, product, channel

Lecture 72 Dual citizenship / dual residency risk and red flags

Lecture 73 Private banking risk and red flags

Lecture 74 Trade finance risk and red flags

Lecture 75 MSB risk and red flags

Lecture 76 Correspondent banking risk and red flags

Lecture 77 Designated non-financial businesses and professions risk and red flags

Lecture 78 Third-party payment processor risk and red flags

Lecture 79 FinTech risk and red flags

Lecture 80 Trusts risk and red flags

Lecture 81 Shell company risk and red flags

Lecture 82 Shell company: Legal, legitimate purposes

Lecture 83 Shell company: Common characteristics

Lecture 84 Nawaz Sharif (Case example)

Lecture 85 Russian Laundromat (Case example)

Lecture 86 Odebrecht Group Brazil (Case example)

Lecture 87 Beneficial ownership

Lecture 88 Ultimate beneficial ownership

Lecture 89 Beneficial ownership: How to calculate - complex aggregate

Lecture 90 Identifying source of wealth

Lecture 91 Internet search: False positives

Lecture 92 Name match: Mistaken identity (Case example)

Lecture 93 Criteria for selecting standard customer research sources

Lecture 94 Sources especially useful for enhanced customer research

Lecture 95 Internet search: Protecting the privacy of the organization

Lecture 96 Internet search: Government corporate registry online databases

Lecture 97 Internet search: Government online publications

Lecture 98 Internet search: Non-government online sources

Lecture 99 Internet search: Social media and online presence

Lecture 100 Internet search: Unbiased and skeptical

Lecture 101 Filter what customer information is relevant and important

Lecture 102 Politically exposed person risk and red flags

Lecture 103 Anti-bribery and corruption

Lecture 104 State-owned enterprise risk and red flags

Lecture 105 Embassy risk and red flags

Lecture 106 Gatekeeper risk and red flags

Lecture 107 Charity / NGO risk and red flags

Lecture 108 Tax avoidance vs tax evasion

Lecture 109 Tax avoidance vs tax evasion: Jurisdiction risk

Lecture 110 Tax avoidance vs tax evasion: Panama Papers (Case example)

Lecture 111 Duty to report

Lecture 112 Dual controls

Lecture 113 Independence of the second line

Lecture 114 Role of MLRO

Lecture 115 Refusing to onboard a customer

Lecture 116 Risk-based approach to KYC (initial and ongoing)

Lecture 117 Transaction monitoring and ongoing reviews

Lecture 118 Ongoing due diligence

Lecture 119 The review cycle

Lecture 120 Ongoing due diligence: Volume and deposit patterns have changed (Case example)

Lecture 121 Thank you

People sitting the CKYCA Exam.,People who want to learn KYC from an Academic point of view.