EXPLORE PROGRAMS
Know Your Client (KYC) is the foundation of every AML program. Under the PCMLTFA, reporting entities must identify and verify the identity of clients and certain other persons in prescribed circumstances and using prescribed methods. Errors at this stage cascade into every other part of the program. This course walks compliance officers, onboarding staff, and front-line employees through FINTRAC's prescribed methods for identifying and verifying individuals (government-issued photo ID, credit-file, dual-process) and entities (corporate registration, partnership/trust agreements), and the additional steps required for beneficial ownership, third-party determination, and PEP/HIO status. It is calibrated for in-person, non-face-to-face, and digital onboarding channels.
You will learn FINTRAC's prescribed methods for identifying and verifying individuals and entities, including in person, non-face-to-face, and digital channels. You will learn how to determine beneficial ownership, third-party involvement, and PEP/HIO status, and how to document the file in a way that survives examination.
Course Cost :
$100.00
