An organization's board of directors plays an essential role in effective anti-money laundering (AML) risk management. The board's support of the AML compliance function is also critical to the deterrence and prevention of potential AML violations. This course will provide …
The first pillar of a KYC compliance policy is the customer identification program (CIP). ... The second pillar of KYC compliance policy is customer due diligence (CDD). ... The third pillar of KYC policy is continuous monitoring.