Jul 13, 20201 minHM Treasury Publishes Updated Version of Asset Freeze Sanctions ListHM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated...
amltrainingzoneJun 5, 2020Customer Due Diligence and it main attributesCustomer due diligence is the process of identifying your customer and remove an anonymity around customer profile. It is performed on...
amltrainingzoneJun 5, 2020Types of Customer Due Diligence in KYC processMajority of the banks across different jurisdictions follow three types of customer due diligence: 1) Simplified Due Diligence - It is...
amltrainingzoneJun 5, 2020Difference between AML & KYCThere is a clear difference between Anti Money Laundering (AML) and Know Your Customer (KYC). AML is an umbrella term, used in context of...
amltrainingzoneJun 5, 2020Transaction Monitoring Process, Scenarios and Red flagsTransaction monitoring process consists of 7 primary steps is all about : 1) Identifying suspicious transactions alerts and understanding...