AML Training Session | AML Framework | KYC & CDD Training | KYC vs CDD Explained | AML/KYC Tutorial

🌍 Welcome back to the Global Business Channel, your hub for practical compliance education & regulatory insights for financial professionals worldwide 📊. In this advanced compliance quiz & training session, we explore one of the most important pillars of anti-financial crime & AML Framework: Customer Due Diligence and Know Your Customer obligations under the standards issued by the Financial Action Task Force, with a strong focus on FATF Recommendation 10. Timestamps ⏰ 00:00 – Intro 01:54 – #1 CDD New Client Onboarding 04:48 – #2 Enhanced Due Diligence Test 07:06 – #3 CDD Correspondent Banking 09:38 – #4 CDD Thresholds 12:10 – #5 CDD for Trusts 14:58 – #6 CDD for Payment Service Providers 17:35 – #7 CDD for Third Parties 20:03 – #8 CDD Politically Exposed Persons 22:22 – #9 CDD Fintech Companies 24:57 – #10 CDD for Nominees 29:55 – KYC vs CDD Explained This episode acts both as a professional learning resource & a challenging knowledge test for practitioners working in financial institutions 🏦, fintech companies 💳, payment intermediaries 💻, and compliance departments around the world. If you work in AML/CFT compliance, onboarding, financial crime risk management, or regulatory oversight, this episode is designed to sharpen your understanding of risk-based due diligence ⚖️. This video serves as a full AML Training Video & AML Training Session, built around a difficult 10-question compliance quiz designed to simulate real AML scenarios. It also works as an AML Training Tutorial that walks through the key principles of the modern AML Framework used by regulators & financial institutions globally 🌐. Throughout this AML Training, we test your knowledge on important AML & CFT concepts including beneficial ownership transparency, onboarding risk assessments, correspondent banking risks, structuring behaviour, nominee directors & cross-border payment monitoring. This episode also doubles as a practical AML/KYC Tutorial designed to help compliance officers 👨‍💼, analysts 📊, auditors, and financial crime investigators better understand the regulatory expectations behind KYC Training, CDD Training & enhanced due diligence obligations. You’ll also explore the differences between KYC vs CDD & our breakdown of KYC vs CDD Explained. Understanding this distinction is critical for professionals involved in onboarding, transaction monitoring & compliance oversight. The video includes a challenging KYC Test & Customer Due Diligence Test based directly on international regulatory standards 📚. Each question reflects realistic financial crime scenarios, including beneficial ownership verification failures, suspicious structuring behavior, fintech onboarding risks & nominee director opacity. During this CDD Training Tutorial, we also cover key requirements for CDD New Client Onboarding, explaining when financial institutions must refuse or terminate a business relationship if due diligence obligations cannot be met 🚫. You will also encounter scenarios from an Enhanced Due Diligence Test, particularly when dealing with high-risk jurisdictions 🌍, cross-border payment providers, complex ownership structures & politically exposed persons. The episode also examines practical compliance issues surrounding CDD Thresholds & KYC & CDD Thresholds including attempts by customers to structure accounts below identification requirements 💰. Additional examples cover regulatory expectations for CDD for Payment Service Providers & digital financial services, where tiered onboarding models are often used to balance financial inclusion with compliance ⚙️. We also discuss obligations relating to CDD for Third Parties where institutions may rely on external entities for verification but must still retain ultimate AML/CFT responsibility 📄. A key section of the training focuses on high-risk clients such as politically exposed persons through CDD Politically Exposed Persons & KYC Politically Exposed Persons requirements. These cases highlight the need to identify beneficial owners 👤, verify source of wealth and funds 💰 & obtain senior management approval before establishing relationships. Whether you are a compliance officer, financial crime analyst, regulator, or student studying the AML Framework, this video is for you. Grab a pen & paper, play along with the quiz, and see how well you perform against these expert-level compliance questions. Stay informed 📚. Stay compliant ⚖️. And we’ll see you in the next episode 🚀. #KYCCDD #KYC&CDD #FATFStandards #FATFRecommendation10 #FinancialActionTask Force #AMLTrainingSession #AML Training –––––––––––––––––––––––––––––– Background Music: Snowfall by Scott Buckley / scottbuckley Creative Commons — Attribution 4.0 International — CC BY 4.0 Free Download / Stream: https://www.audiolibrary.com.co/scott... Music promoted by Audio Library Snowfall – Scott Buckley (No Copyright Music)    • Snowfall – Scott Buckley (No Copyright Music)   ––––––––––––––––––––––––––––––