agreed with you view point. after client risk classification, the frequency of CDD review for high risk customer is 1 year at least. 3 years is normally applied for low risk.
referring to the transactions involve with "high risk" countries like Iran, North Korea, the enhanced CDD are required and may create CTF concerns. Noting that Iran, North Korea, South Sudan, Cuba, Syria are the sanctions countries and those transactions need to be stopped and investigated before processing.
Certainly, transactions from high risk countries can be one of the transaction monitoring rule for transaction monitoring alert. these transactions will get reviewed/investigated using risk based approach
Sridevi Shrikumar thanks for your comment. There is a separate video on types of Customer due diligence. We have covered EDD there. Let us know if it helps
Very insightful, however the quality of the audio not the best. I can hear noise by listening on headphones. Consider getting a micro that you hang on your shirt, near your face
Sometimes I find it difficult to understand the words you're saying, you should remove noise from the audio as it would dramatically increase the understanding of the topic overall
i think for high risk customers the time period should be less , i mean more frequently they should update KYC but you said for medium 2 years and for high risk 3 to years. please check once
We conduct stardard due diligence (CDD)for low to medium risk customers. And, for high risk customers we conduct enhanced due diligence (EDD). Also, there are few customers who may be public listed company or government entities entitle for simplified due diligence where we don't identify UBO. We hope this answer your question.
Video is quite simple to understand but effective...good job 👌
Thank you, this video help to understand more about CDD.
Thanks for your feedback
I liked the slide on main elements of customer due diligence and its well explained
Please create a session on kyc/due diligence requirements of a fund/cis entity type
Just one correction , on the periodic review you said for high risk every 3 years which should have been low risk.
Great video, keep it up.
agreed with you view point. after client risk classification, the frequency of CDD review for high risk customer is 1 year at least. 3 years is normally applied for low risk.
It depends on the banks
Voice is very good 👌 understandable 👍
rani shabana your comment made my day..thanks..I would really appreciate if you could share your feedback on other video as well
Great video & clearly explained point by point..!!! Looking for more such videos
Thanks for your feedback
Loved the video 👍
referring to the transactions involve with "high risk" countries like Iran, North Korea, the enhanced CDD are required and may create CTF concerns. Noting that Iran, North Korea, South Sudan, Cuba, Syria are the sanctions countries and those transactions need to be stopped and investigated before processing.
Certainly, transactions from high risk countries can be one of the transaction monitoring rule for transaction monitoring alert. these transactions will get reviewed/investigated using risk based approach
Very nice 👌 superb 👍😊
Rani Shabana thanks so much for your feedback.
Nice video on customer due diligence...can you also create something on EDD and other types of due diligence 👍
Amazing content and I learned a lot about the topics. Just a tip, remove noise from audio please.
Thanks for your feedback.it meant lot to us. We have improved on audio in our Recent videos. 👍
Informative video.
Thanks for your feedback 👍
Very insightful video as usual, Please put a video on EDD. Thank you!
Sridevi Shrikumar thanks for your comment. There is a separate video on types of Customer due diligence. We have covered EDD there. Let us know if it helps
@@AMLtraining Thank you very much!
Tutorial on tools used and how to perform end to end
It would be difficult to ascertain tools as it may differ from bank to bank and country to country. But let us see what we can prepare on this topic
Just to confirm, periodic review for High Risk needs to be in 6 to 12 months rather than 3 to 5 years. They need to be review on a frequent basis ?
Yes, you are right periodic review may vary from 6-12 months depending on banks to banks.
Very insightful, however the quality of the audio not the best. I can hear noise by listening on headphones. Consider getting a micro that you hang on your shirt, near your face
Thanks for your feedback. We made improvement in our Recent videos. Request you to review our Recent videos and give us your feedback.👍
Sometimes I find it difficult to understand the words you're saying, you should remove noise from the audio as it would dramatically increase the understanding of the topic overall
Luca Graziano thanks for your feedback..I will make sure there is no such noise in all my future videos 👍
@@AMLtraining I checked out more recent videos and I can see that you had already fixed the audio. Great job and keep up the good work 💪🏻
Thanks
Gr8
Thanks for your feedback
Question - could you pls help what are the list of documents needed for CDD and for EDD.
You may refer our videos - what is corporate KYC or CDD requirements for trust
What tools do you use more?
Thank you!
Tools and applications may differ basis jurisdictions and banks.
i think for high risk customers the time period should be less , i mean more frequently they should update KYC but you said for medium 2 years and for high risk 3 to years. please check once
Yes, you are right that High risk would be 6 months to a year
question: what is required to be conducted for all types of customers across all types of products and services? is it cdd or kyc?
We conduct stardard due diligence (CDD)for low to medium risk customers. And, for high risk customers we conduct enhanced due diligence (EDD). Also, there are few customers who may be public listed company or government entities entitle for simplified due diligence where we don't identify UBO. We hope this answer your question.
CDD & KYC are the same
Lot of background noise better to remove the noise
Thanks for your feedback. We have tried improve in our recent video’s
Iran seiria sergia This is all mostly in Red flags or sanction countries
Not clear with your comment
@@AMLtraining
Iran seirgia
These are terrorist financing know
too many ads
Facing background noise
Thanks for your feedback. We have improved on audio quality in our recent videos.