KYC Masterclass

I found some job opportunity on LinkedIn and thought I’d share it with you.

KYC professionals with over 3 years of experience and residing in Chennai are invited to apply for a job opportunity at HCLTech. The company is conducting a walk-in drive in Navalur on June 25th and 26th, from 11 am to 3 pm.

1 week ago | [YT] | 3

KYC Masterclass

A multinational bank operates in 25 countries and offers retail banking, correspondent banking, trade finance, and private banking services. Following a regulatory examination, the bank was criticized for having inconsistent AML controls across jurisdictions, duplicate monitoring efforts, and gaps in beneficial ownership identification.

The Chief AFC Officer has been tasked with redesigning the global AFC program.

Which of the following should be the FIRST priority when redesigning the AFC program?

A. Implement a single transaction monitoring system across all jurisdictions to eliminate duplicate alerts.

B. Conduct an enterprise-wide AFC risk assessment to identify and prioritize inherent and residual risks across business lines, products, customers, and geographies.

C. Increase the number of investigators and analysts to address the backlog of alerts and regulatory findings.

D. Standardize customer due diligence procedures globally, regardless of local regulatory requirements.

2 weeks ago | [YT] | 2

KYC Masterclass

A compliance officer is reviewing country risk ratings for onboarding a correspondent banking relationship. One jurisdiction has a moderate Basel AML Index score overall, but shows the following profile:

High score (worse) in Corruption Risk and Public Transparency
Moderate score in Legal & Institutional AML framework
Low score (better) in International Cooperation and Financial Transparency
Recently removed from FATF increased monitoring (“grey list”)

Which of the following is the MOST accurate interpretation under Basel Institute on Governance methodology?

A. The jurisdiction is low-risk because FATF removal overrides Basel Index indicators
B. The jurisdiction presents mixed AML risk, with governance weaknesses potentially increasing residual risk despite technical AML improvements
C. The jurisdiction is high-risk primarily due to deficiencies in technical AML laws
D. The Basel Index is not applicable for correspondent banking risk assessment

3 weeks ago | [YT] | 3

KYC Masterclass

Which of the following best represents the three core analytical frameworks associated with the Tax Justice Network’s research outputs?

A. FATF Grey List, OECD Black List, EU Tax List
B. AML Risk List, Terror Financing List, Sanctions List
C. Financial Secrecy Index, Corporate Tax Haven Index, Illicit Financial Flows/opacity risk metrics
D. Basel AML Index, Transparency Index, Corruption Index

3 weeks ago | [YT] | 4

KYC Masterclass

The video for Day 12 is set to be released tonight. Stay tuned 🎥

3 weeks ago | [YT] | 3

KYC Masterclass

It’s been a while since I posted here — the last couple of months have been extremely busy personally and professionally.

Before my official travel across India and Latin America started, I completed and successfully passed the CAMS certification exam — something I had been working towards for quite some time.

Following that, most of my time went into international travel, professional commitments, and a few important transitions, which is why the channel was inactive recently.

Now, I’m back and will be focusing on completing the KYC Masterclass series and continuing to create practical, industry-focused AML/KYC/compliance content that can genuinely help professionals grow in this domain.

More videos, discussions, and insights are coming soon.

Thank you for staying connected and supporting the channel throughout this phase. Looking forward to reconnecting with all of you 🙌🏻

1 month ago | [YT] | 7

KYC Masterclass

A compliance officer is assessing money laundering risks in different industries. Which of the following scenarios presents the highest risk of value manipulation to disguise illicit funds through the sale of goods?

A. A contractor inflates invoices for infrastructure projects
B. A property is sold above market value between related parties
C. A rare painting is sold through a private dealer with no transparent pricing benchmark
D. A company purchases high-end software licenses in bulk

3 months ago | [YT] | 4

KYC Masterclass

A precious metals trading company exports gold to a refinery in a high-risk jurisdiction. The transactions show:

Gold exported at prices slightly below market value

Payment received from a third-country trading company not listed on the invoice

Shipping documents routed through multiple intermediary ports with no clear logistical need

The counterparty refinery has no adverse media, but operates in a jurisdiction with weak AML controls

The customer insists on maintaining the structure due to “long-standing trade relationships”

What is the MOST significant ML/TF risk indicator?

A. Export of gold below market value
B. Use of a third-party payer not reflected in trade documentation
C. Routing shipments through multiple intermediary ports
D. Counterparty operating in a high-risk jurisdiction

3 months ago | [YT] | 5

KYC Masterclass

An insurer identifies several single-premium policies funded through loans from different financial institutions. The policies are surrendered shortly after the minimum holding period, with proceeds used to repay the loans. No obvious profit is generated, and transactions appear economically irrational.

What is the MOST significant ML risk indicator?

A. Use of loans to fund insurance premiums
B. Early surrender of policies after minimum holding period
C. Lack of economic rationale in the overall transaction pattern
D. Repayment of loans using policy proceeds

3 months ago | [YT] | 3

KYC Masterclass

An insurance company issues a life insurance policy with a high premium that is fully paid upfront in cash by a new customer. Within a few months, the customer requests early cancellation of the policy and asks for the refund to be transferred to a third-party bank account in another country, citing “urgent financial needs.”

Which of the following is the MOST appropriate initial action by the compliance team?

A. Process the cancellation request as per policy terms since early termination is allowed
B. Decline the transaction immediately and close the customer’s account
C. Conduct enhanced due diligence and investigate the source of funds and beneficiary details
D. Report the transaction to authorities without further review

3 months ago | [YT] | 6