We are excited to announce the release of our latest addition to our Anti-Money Laundering training suite – AML Scenario 15: Electronic KYC Issues.
This new scenario explores a familiar onboarding frustration: a client cannot complete the standard electronic identification checks because they don’t use a smartphone.
When a Client Can’t Use the ID App
What happens when a client is unable to complete the electronic identification checks required before work can begin? Knowing how to respond without frustrating a new client, or falling short of your AML obligations, is not always straightforward.
Our latest interactive AML scenario follows a junior fee earner working through the practical and regulatory options available when the usual onboarding technology isn’t an option.
Key takeaways include:
- Client Onboarding Without an App – What options are open to a fee earner when a client cannot use the firm’s identification app.
- What Counts as Reliable Verification – Understanding what makes a source of identification independent and reliable.
- Relying on Third Parties – Whether Customer Due Diligence carried out by another regulated business can be relied upon.
The new scenario is available as a standalone online course or as part of our complete course suite of AML e-learning with all 15 scenarios for only £70.00 plus VAT.
Ensure you maintain your knowledge and understand how to apply AML techniques in day-to-day practice.
