Concurrent Audit of Bank Branches - Session 7 - KYC, AML & CFT Compliance

Описание: In this session, we explore one of the most critical areas in bank concurrent audits – KYC, AML & CFT Compliance. Auditors must ensure that banks strictly follow regulatory guidelines to prevent money laundering, terrorist financing, and financial fraud. This video explains the legal framework, key compliance requirements, and practical audit checks that every concurrent auditor should understand.

Topics Covered in This Session:
Legal & Regulatory Framework for KYC/AML
Overview of KYC Master Directions
Customer Acceptance Policy (CAP)
Customer Due Diligence (CDD)
Beneficial Ownership Identification
Politically Exposed Persons (PEPs)
Risk Categorisation of Customers
Cash Transaction Report (CTR) Reporting
Suspicious Transaction Report (STR) Reporting
Common KYC Irregularities observed during audits
Practical Audit Checklist for KYC Compliance
Consequences of Non-Compliance
Key Takeaways for Concurrent Auditors

This session is especially useful for Concurrent Auditors, Internal Auditors, CA Students, Banking Professionals, and Finance Aspirants who want to understand practical KYC/AML compliance checks in bank branch audits.

If you are preparing for a career in audit, banking, or finance, this series will help you understand real-world audit procedures in a simple and structured way.

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