Know Your Customer (KYC)
Get ready to dive deep into understanding your customers at the KYC event - it's all about connecting on a whole new level!
Location
Online
Good to know
Highlights
- Online
Refund Policy
About this event
Master KYC and AML rules in the UK. Learn due diligence, regulations, and verification methods with this essential online course.
Overview:
Understanding your customer isn't just good business—it's the law. This course on Know Your Customer (KYC) offers a clear and structured route through the essential checks, obligations, and expectations faced by UK-based firms. You’ll explore the fundamentals of KYC, how due diligence is applied, and why these steps are more than just red tape—they protect you and your business from major financial and reputational risks.
From the legal framework behind Customer Due Diligence to the often-misunderstood differences between KYC and Anti-Money Laundering (AML), the course walks through each aspect with clarity and relevance. You'll examine UK-specific regulations, verification methods that pass the reasonableness test, and guidance that strips away the jargon. Ideal for those who want to avoid HMRC headaches or that awkward knock from the FCA, this course puts the essentials at your fingertips.
Learning Outcomes:
- Understand the foundations and purpose of the KYC process.
- Identify and apply key KYC regulations in the United Kingdom.
- Recognise types and levels of Customer Due Diligence required.
- Follow clear procedures for verifying customer identity correctly.
- Distinguish the roles of KYC and AML in financial monitoring.
- Learn methods for meeting verification standards reasonably and effectively.
Who is this Course For:
- Professionals in banking and financial service organisations.
- Individuals handling client onboarding or account management.
- Legal and compliance officers seeking KYC knowledge updates.
- AML officers looking to strengthen their KYC understanding.
- Risk management staff needing clear regulatory context.
- New hires in regulated sectors requiring KYC foundations.
- Entrepreneurs launching finance-related digital services.
- Anyone interested in UK financial conduct and regulations.
Career Path:
- KYC Analyst – £35,000 average annual salary
- AML Officer – £42,000 average annual salary
- Risk and Compliance Officer – £48,000 average annual salary
- Financial Crime Investigator – £40,000 average annual salary
- Regulatory Affairs Associate – £45,000 average annual salary
- Client Onboarding Specialist – £38,000 average annual salary
Frequently asked questions
KYC (Know Your Customer) is a process used by businesses, especially financial institutions, to verify the identity of their clients. It helps prevent fraud, money laundering, and illegal activities.
KYC helps ensure that financial services are not misused. It protects both the business and the customer by verifying identities and understanding customer behavior.
Commonly required documents include a government-issued photo ID (like a passport or driver’s license), proof of address (such as a utility bill), and sometimes a recent photograph.
Anyone opening a bank account, investing, or using financial services is usually required to complete KYC as part of the onboarding process.