What is KYC Process in Banking? | Complete Guide #kyc #aml #moneylaundering #financialcrime

What is KYC Process in Banking?

In this video, we explain the complete Know Your Customer (KYC) process used by banks to identify, verify, and monitor customers as part of Anti-Money Laundering (AML) compliance.

This video is highly useful for:
• Candidates preparing for AML / KYC interviews
• Professionals working in banking & financial services
• Anyone who wants to understand financial crime compliance

Topics covered:

• What is KYC and why it is important
• Customer Identification (CIP)
• Customer Verification process
• Beneficial Ownership (UBO)
• Customer Risk Assessment (Low, Medium, High Risk)
• Ongoing Monitoring & Transaction Monitoring
• Suspicious Activity Reporting (SAR/STR)
• Role of technology in modern KYC

KYC is a critical component of AML (Anti-Money Laundering) and helps banks prevent fraud, financial crime, and illegal money movement.

📌 This is part of our Financial Crime Academy series.

👉 Next Video: Difference between KYC, CDD and EDD

If you are preparing for a career in AML/KYC, this channel will help you with:

• Interview preparation
• Real banking concepts
• Case studies
• Transaction Monitoring
• Sanctions & Screening
• Career growth roadmap
• ACAMS preparation (upcoming)

🔔 Subscribe to Financial Crime Academy for complete AML learning.

#KYC #AML #FinancialCrime #Banking #compliancematters

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Видео What is KYC Process in Banking? | Complete Guide #kyc #aml #moneylaundering #financialcrime канала Financial Crime Academy by Hemant Mishra