Know Your Customer

Objectives

In this module, we will address the following questions:

• What is a 'know your customer' (KYC) policy?
• What are the principal elements and requirements of a KYC policy?
• What is ongoing customer due diligence (OCDD)?
• What are the risks of not implementing a KYC policy?

Your key learning objectives will be to respond effectively to each of the questions listed above.