KYC (Know Your Customer): The Regulator's Perspective Bahrain Institute for Banking & Finance

"Know Your Customer" is the fundamental obligatory requirement insisted upon by the regulator of financial services before, at the time of starting and throughout the customer/financial institution relationship. Financial institutions and other reporting entities should have a proper understanding of their customers to satisfy their respective regulatory KYC obligations. It is equally important that employees of these organisations are properly trained regarding the importance of KYC and the specific KYC policies or procedures of their organisation and how to bring their KYC processes in congruence with the regulatory requirement.

Learning Outcomes

On successful completion of this course, participants will be able to:

  • Understand AML/CTF legislation, KYC policy and documentation
  • Establish effective identification, verification and monitoring of customers and transactions
  • Relate the risks of money laundering and terrorism financing to types of customers and transactions

Target Audience

Employees of the financial and related industry, newly employed personnel before handling any responsibility related to account opening; account or transaction management; tellers; front desk staff

Entry Requirements

None required

We_They plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training in the areas of Accounting and Finance, Academic, Executive Development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.

We_They covers a wide spectrum of subject matter, with over 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations.

We_They continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.

Since its inception in 1981, We_They has grown from training 450 applicants a year primarily within the banking industry, to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners in the last 3 decades.

Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their perse backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.

We_They has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way to becoming the global institute of choice.

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