Knowyourcustomer

[object Object],[object Object],[object Object],[object Object],[object Object],Basics of Anti-Money Laundering & Know Your Customer

What is Money Laundering? Illegally obtained money Conversion Criminal Activity Drugs / Arms Trafficking Terrorism Extortion Appears to originate from legitimate source

Money Laundering ,[object Object],[object Object]

[object Object],[object Object]

Money Laundering ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Money Laundering Process ,[object Object],[object Object],[object Object]

Placement ,[object Object],[object Object]

LAYERING ,[object Object],[object Object],[object Object]

Integration “ Repatriation / Spin Dry” Reinjecting laundered proceeds into economy so that they reenter financial system as normal business funds Provides an apparently legitimate explanation to criminally derived wealth

Typologies/ Techniques employed ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financing of terrorism ,[object Object],[object Object]

Legal Sources of terrorist financing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Illegal Sources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Money Laundering Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reputational Risk: ,[object Object],[object Object],[object Object]

Operational Risk ,[object Object],[object Object]

Legal Risk ,[object Object],[object Object],[object Object]

Concentration Risk ,[object Object],[object Object]

Penalties imposed on banks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SUSPICIOUS TRANACTION ,[object Object],[object Object],[object Object],[object Object]

Suspicious Transactions ,[object Object],[object Object],[object Object],[object Object]

Role of cash in money laundering ,[object Object],[object Object],[object Object],[object Object],[object Object]

Cash Transactions ,[object Object],[object Object]

Cash Transaction Report ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

DUE DATES ,[object Object],[object Object],[object Object],[object Object]

What KYC means? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What KYC means? ,[object Object],[object Object],[object Object],[object Object],[object Object]

KYC DOES NOT MEAN ,[object Object],[object Object],[object Object],[object Object]

Advantages of KYC norms ,[object Object],[object Object],[object Object]

Core elements of KYC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Measures to deter money laundering ,[object Object],[object Object],[object Object],[object Object],[object Object]

Measures to deter money laundering ,[object Object],[object Object],[object Object],[object Object]

Summary: Prevention of Money Laundering Money Laundering Prevention Observing Rules for Bankers Compliance with Laws Identifying Irregular / Suspicious Transactions Customer due Diligence

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