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AML/CFT & KYC Basic Course

Kenya Institute of Bankers

Institution Details:

Nairobi, Kenya

Course Category:

Economics & Finance

Corporate

Next Start Date: 08/03/2018

End Date: 09/03/2018

Application Closing Date: 08/03/2018

Course Description

This programme will be facilitated by highly qualified AML experts in the industry, using the most up-to date training methodology in the market;
1. Experiential and interactive approach,
2. Group discussions and syndicate case studies,
3. Audio-visual presentations.

Administration:
Your Investment: – Kshs. 30,000 per participant plus VAT
Venue: – Nairobi Safari Club, University Way
Dates: – 8th – 9th March, 2018

NB: This course will be non-residential. Participants not residing in Nairobi are advised to plan their own accommodation and transport arrangements

Following the enactment of The Proceeds of Crime and Anti-Money Laundering Act – 2009, it is now the responsibility of every bank employee to:
1. Perform his/her personal role in ensuring effective prevention, detection, and control of possible Money Laundering &/or Terrorism Financing activities
2. Report unusual or suspicious account behaviour and profile mismatches
3. Proactively combat money laundering by being vigilant of any unusual activity in banking transactions.

This course aims at bringing out such awareness to the delegates. The course will also seek to explore the initiatives currently being undertaken to combat money laundering activities globally, and how these challenges may affect employees in their individual capacities, employers in general, and the national economy at large; if proper compliance solutions are not effectively implemented.

Participants should be able to grasp the gravity of AML/CFT & KYC compliance obligations for the Banking & Financial Services Sector in today’s standards.

Who Should Attend
1. Customer Service Managers,
2. Forex & Trade Services Officers,
3. Treasury Officers,
4. Operations Officers,
5. Customer Service Officers,
6. Accountants,
7. Financial Control and Internal Audit Officers,
8. Cashiers,
9. All Officers who action Customers’ Instructions, e.g. Transfer of funds, etc.

NB: All employees of Banks/Financial Institutions must undergo a suitable AML/KYC Training Programme. This is the opportunity!

Programme Content:
1. Introduction to Anti-Money Laundering (AML) & Counter-financing of Terrorism (CFT).
2. Highlights from POCAMLA and POTA laws in Kenya:
• Obligations for banks
• Penalties and other consequences for non-compliance
• Your Individual Roles and Responsibilities in combating ML/TF
3. Money Laundering Typologies/Key Offences
4. Red-flags/triggers for suspicion:
• How to detect possible Money Laundering Activity
5. Transaction Monitoring and Reporting Standards:
• Definitions – Suspicious Transactions
-Suspicious Activities
• Monitoring Transactions/Activities deemed to be suspicious
• SAR/STR Reporting and Escalation
6. Introduction to KYC Requirements and Customer Acceptance Policy
• Essential Elements of an effective KYC Policy Standards
• Customer Acceptance Standards
7. Practical Account Opening Process – KYC Requirements
• Prudent KYC account opening, interviewing skills: –
• Conducting professional customer interviewing,
• Conducting customer background checks for KYC Due Diligence requirements, Identification requirements, Documents verification and screening procedures
• Ongoing CDD/EDD updates &
• Ongoing monitoring of clients’ activity
8. Related Case studies / Simulation Exercises.

  • Course Sub-Category Anti-Money Laundering/Counter Terrorism Financing & Know Your Customer
  • Course Level Other
  • Qualification Awarded Certificate of Attendance
  • Awarding Body KIB
  • CostKSh. 30,000 Training Fee
  • Length Of Course 2 DAYS
  • Class Size
  • Course Location/BranchNairobi Safari Club, University Way

Course Requirements

1. Customer Service Managers,
2. Forex & Trade Services Officers,
3. Treasury Officers,
4. Operations Officers,
5. Customer Service Officers,
6. Accountants,
7. Financial Control and Internal Audit Officers,
8. Cashiers,
9. All Officers who action Customers’ Instructions, e.g. Transfer of funds, etc.

Course Advertisement Details

  • Would you like to feature this course? Yes
  • Featured Course – Start Date 27/02/2018
  • Email address to receive queries training@kib.co.ke

Institution Details

The Kenya Institute Of Bankers (KIB) is the world’s leading institute for business continuity. Established in 1979, the KIB has established itself as the leading membership and certifying organization for Business Continuity professionals worldwide.

Our Mission
To champion best practice in the delivery of financial services education, to promote professionalism, self-regulation and acceptable standards in the Financial Services Sector, through innovative learning, codes of conduct, quality skills and competencies.

Vision
To become the leading professional body in the promotion and delivery of quality financial services education and training.

Core Values
Students deserve dependable, accurate, timely, respectful and honest responses. Advisors' responsibilities to their many constituents form the foundation upon which our Core Values rest.
1. Integrity
2. Transparency
3. Accountability

Core Areas
The Overall Responsibility of the Institute is to;
1. Produce relevantly–educated and trained career staff for the financial sector.
2. Cater for students with a wide range of abilities and backgrounds.
3. Provide Professional Qualifications and Skills Upgrading Training
4. Programmes which enjoy wide recognition and acceptance throughout the Financial Services Sector.
5. Retain and sustain continued support by Employers – Banks/Financial Institutions.
6. Be perceived by all staff/students/members to be fair and worthwhile.
7. Allow ambitious, high quality staff to acquire high qualifications.
8. Provide broad based, educational programmes for those preparing for management in the industry.

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