AML KYC Practice Exam
AML KYC Practice Exam
About AML KYC Exam
The AML KYC Exam evaluates your understanding of Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, policies, and best practices. This certification is ideal for individuals working in finance, compliance, banking, fintech, and other regulated industries. It covers the identification of suspicious transactions, customer verification procedures, risk assessment, global compliance frameworks, and regulatory obligations. You'll also explore how financial institutions implement preventive measures to combat financial crimes and protect customer identity. As regulatory scrutiny increases globally, this certification enhances your employability and credibility in governance, risk, and compliance roles.
Who should take the Exam?
This exam is ideal for:
- Banking and finance professionals
- Compliance and risk officers
- AML/KYC analysts and investigators
- Fintech professionals and auditors
- Students pursuing careers in regulatory compliance or finance
Skills Required
- Understanding of financial systems and transactions
- Attention to detail and analytical skills
- Familiarity with regulatory frameworks (e.g., FATF, FinCEN, EU AMLD)
- Basic knowledge of customer onboarding and risk classification
Knowledge Gained
- AML and KYC processes and terminology
- Customer due diligence and enhanced due diligence procedures
- Suspicious activity reporting and red flags
- Global compliance standards and legal frameworks
Course Outline
The AML KYC Exam covers the following topics -
Domain 1 – Introduction to AML and KYC
- Purpose and scope of AML and KYC
- History of money laundering regulations
- Key global regulatory bodies
Domain 2 – Customer Due Diligence (CDD)
- Identity verification and documentation
- Risk-based approach to client onboarding
- Ongoing monitoring and customer profiling
Domain 3 – Detecting and Reporting Suspicious Activities
- Common typologies and red flags
- Filing Suspicious Activity Reports (SARs)
- Case studies in real-world scenarios
Domain 4 – AML Compliance Programs
- Internal controls and compliance frameworks
- Training and awareness programs
- Independent audits and compliance reviews
Domain 5 – Global AML/KYC Regulations
- FATF recommendations and global standards
- Regional laws: USA PATRIOT Act, EU AMLD, etc.
- Cross-border compliance challenges
Domain 6 – Technology in AML/KYC
- Role of AI and machine learning
- AML software and transaction monitoring tools
- Digital KYC and remote verification
