(i) Anti Money Laundering
Money Laundering -Origin -Definition -Techniques Impact on Banks -Structuring;
Integration, Preventive Legislations -International Co-operation -UK; USA; India - Basel
Committee - PMLA Objectives - RBI Guidelines – SystemAdequacy to Combat Money
Laundering - Antiterrorism finance - Financial Intelligence Unit (FIU)
The Financial Action Task Force (FATF) - IBA Working Group - Software for
AMLScreening:Money Laundering and Correspondent Banking - Exchange Companies
– ForeignBranches
(ii) Know Your Customer - Introduction and overview
Customer Profile - KYC Policies - Countries Deficient in KYC Policies, Initiatives by
the RBI - Organized Financial Crimes Customer - Definition underthe KYC Principles
- Transaction Profile - Organizational Structure - Important KYC framework in RBI
prescriptions - Operating Guidelines.Introduction of new accounts - Guidelines for
Opening Accounts of Companies, Trusts, Firms, Intermediaries etc., Client Accounts
opened by ProfessionalIntermediaries - Trust/ Nominee or Fiduciary Accounts -
Accounts of PoliticallyExposed Persons (PEPs) Residing Outside India, Accounts of
‘non-face-to-face’ Customers - Qualitative data - Joint accounts - Minor accounts - KYC
for existing accounts - KYC for low income group customers.Monitoring Accounts -
Customer research - Suspicious transactions.