KYC AML Compliance Certification in India

KYC AML certifications are aimed at enhancing the quality of compliance with the directions of RBI in combating illegal operations and movement of funds through the use of banking channels.

AML KYC operations have assumed added importance owing to the security risk posed before country. KYC is important to maintain the financial health of the institutions. Considering professional development of Certified Anti Moneylaundering Experts, we offer bouquet of benefits to aspiring certified AML Experts.

We have created a special zone on our website for the aspiring students. Here aspiring students learn different techniques of KYC.

  1. What is High Risk Customer ?
  2. How to tackle customers from High Risk Countries ?
  3. Who are politically exposed persons ?
  4. Customer Due Diligence on Real Estate Sector

Our members need to be up-to-date with the knowledge on compliance and money laundering and to provide them the benefits we have started a new zone on our website.This New Section provides various tools, resources required by the Indian Money Laundering Experts to understand the Global AML Scenarios.

This new section provides the information about the actions taken by Enforcement Directorates and the Updates from Financial Intelligence Unit of India in addition to the Global Roundup.

From the year 2015, we redesigned the course to add the international developments to the curriculum itself, which includes

  • Digital currency laundering
  • Overview of Foreign Account Tax Compliance Act
  • Trade Based Money Laundering techniques

This new handbook is specially designed for the Certified Anti Money Laundering Experts from India.

The term “money laundering” is said to have originated from Mafia ownership of Laundromats in the United States. Gangsters were earning huge sums in cash from extortion, prostitution, gambling and bootleg liquor. They needed to show a legitimate source for these monies.

Anti Money Laundering Certification is an endeavor to meet the growing demand of the skilled resources in the financial institutions. Financial crimes have evolved since last decade. There are many other techniques of laundering specific to India

  • Agriculture income as tool of Laundering
  • Money Laundering through micro finance companies
  • Money Laundering through hospitals

KYC Data of Banks

Since customer data is very sensitive it is necessary to follow risk based approach to identify and classify the customers.

Financial Institutions need to equip their staff with the tools to combat money laundering. Regulators also require the staff to be trained and educated with the relevant provisions. Anti Money Laundering Certification offered by Indiaforensic play a significant role in imparting training on KYC AML Laws.

Certified Anti Money Laundering Expert (CAME) cover various aspects in our course including the legal provisions related to Money Laundering but the focus of the course remains on the suspected transaction analysis. Examination remains our strength. We have an exhaustive database of about 500 different questions and though multiple options the selection of questions is done very carefully. Altogether there are seven chapters that cover all the aspects of Money Laundering.

  • The 3 Essential Stages in Money Laundering
  • Techniques of Money Laundering
  • What is KYC ?
  • Law related to Money Laundering
  • Identification of Suspicious transactions
  • Business Sectors and Money Laundering

If you are keen to take up the certification, try Exam on AML