- The video of every lesson, and the word-for-word transcript beside it
- Every claim linked to its primary source, with a source register per lesson
- An assessment for each of the 7 modules, and an end-of-course assessment
- A printable certificate carrying your name, the date and the content version
- The downloadable artefacts and one page references for this course
Expensing it? The invoice can be made out to your firm, with its VAT number and your purchase order reference. Buying for several people: seats for a team.
The narrated video runs about 1 hour 31 minutes across the 30 lessons. That is short on purpose: no filler and no reading out of the law, with the work in the transcripts, the sources, the assessments and the artefacts.
Module 3. KYC and due diligence in practice
The risk assessment you have to be able to produce and the four questions an inspector asks of it, identification of a customer and of the ownership and control structure behind it, the beneficial owner and the register with the duty to report discrepancies, source of wealth against source of funds for politically exposed persons, and due diligence on the asset as well as on the investor.
Every instrument this lesson is built from, linked to its official text
The Know Your Assets FAQ of 13 December 2024 addresses asset due diligence under article 34(2) of CSSF Regulation 12-02. EBA/GL/2022/15 sets out what a compliant remote customer onboarding process has to do.
- CSSF FAQ on AML/CFT asset due diligence obligations under CSSF Regulation No 12-02, 13 December 2024 The Know Your Assets FAQ. CSSF document page, with the FAQ as a PDF https://www.cssf.lu/en/Document/faq-on-aml-cft-asset-due-diligence-obligations-in-accordance-with-cssf-regulation-no-12-02/
- EBA Guidelines EBA/GL/2022/15 of 22 November 2022 on the use of remote customer onboarding solutions European Banking Authority, guidelines page with the text in all official languages https://www.eba.europa.eu/legacy/regulation-and-policy/regulatory-activities/anti-money-laundering-and-countering-financing-4
Module 3. KYC and due diligence in practice
- Lesson 3.1. The risk based approach, and what you must be able to show 2:58
- Lesson 3.2. Identifying the customer, and the chain behind it 2:38
- Lesson 3.3. The beneficial owner, and the register 2:50
- Lesson 3.4. Politically exposed persons and enhanced due diligence 2:38
- Lesson 3.5. Know Your Assets, and onboarding somebody you never meet 2:31 · this page
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