Program on Know Your Customer (KYC) and Anti Money Laundering (AML)

Learning Event, Business Strategy
Monday, June 20, 2022 to Tuesday, June 21, 2022
Rendezvous, Taj Mahal Tower, Apollo Bunder, Mumbai
• Following officials of REs may participate 1. Heads, senior/middle-level officers working in the areas of KYC-AML Implementation and Compliance, Financial Fraud Monitoring, Financial Crime Risk Management; 2. Heads, senior/middle-level officers of Compliance Department/Group, Internal Audit and Inspection, Enterprise Risk Management and Vigilance • Middle and senior officers of RBI and SEBI dealing with regulation and supervision relating to KYC, AML, financial frauds and financial crimes, etc.


Regulated Entities (RE) must have a robust, efficient and sound operating framework to know their customers. The framework universally known as Know Your Customer (KYC) framework must be strictly compliant with extant regulatory prescriptions. In the first place, the framework has to be deeply cognisant of operational, reputational and regulatory risks associated with weak or deficient KYC framework and Anti Money Laundering (AML) measures. Particularly, financial crime risks including money laundering risks and fraud risks often materialize through the potential weaknesses in the KYC framework and AML measures. In many ways, therefore, a sound and robust KYC framework coupled with effective AML measures constitutes one of the key components of an REs business strategy and its governance structure.

Program Objective:

This CAFRAL flagship program seeks to sensitize the senior and middle level officers of REs about the risk and strategic issues surrounding KYC framework and AML measures which they are required to put in place. At the same time, this learning program aims to provide participants with updates on changes in the KYC and AML regulations after a quick review of some of the basic and original prescriptions on the relevant regulations. Most importantly, the program seeks to discuss the nuances, challenges and complexities in respect of compliance and interpretation of the regulations.

Program Highlights:

The program will deal with the following topics:

  • Review of the existing guidelines on KYC and AML - discussion on recent developments
  • Risks and strategic issues in relation to weak or deficient KYC and AML framework
  • Enterprise-wide KYC & AML Risk Management
  • Case studies - recent regulatory actions against REs on account of compliance failures in respect of KYC and AML regulations.
  • KYC & AML Compliance: e-KYC, Video based Customer Identification Process (V-CIP), Customer Due Diligence (CDD), Simplified Due Diligence (SDD), Cash Transaction Reporting (CTR) and Suspicious Transaction Reporting (STR) etc.
  • Central KYC Records Registry (CKYCR) - Rule 9 (1A) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 (PML Rules)
  • Need for standardizing KYC & AML procedures and Technologies
  • Leveraging Advanced Technologies for AML & KYC Compliance - Possible Approaches
  • KYC Compliance, AML Measures and Combating Financial Crime : FIU Perspective

Program Description
Address N/A Timing 09:30 AM-05:30 PM

Photo Gallery

  • Group Photo
  • Pramod Panda, Senior Program Director, CAFRAL
  • Sidharth Prakash Deputy General Manager, Department of Regulation, Reserve Bank of India (RBI)
  • Program Participants
  • K V Karthik, Partner, Financial Advisory Services, Deloitte
  • Program Participants
  • Sanjay Kumar, General Manager, Department of Supervision, RBI
  • Program Participants
  • Pramod Khandelwal, Independent Consultant and Trainer
  • Program Participants
  • Pramod R Datar, MD & CEO, CERSAI
  • Program Participants
  • Dr. Durga Prasad Dube, EVP & Head, Information Risk Management, Reliance Industries
  • Program Participants
  • Shailesh Thakur, Additional Director, Financial Intelligence Unit- India
  • Program Participants
  • Charan Rawat, Head of Compliance, Coöperatieve Rabobank U.A
  • Program Participants
  • Satyabrata Kumar, Additional Director, Directorate of Enforcement, Mumbai Zonal Office
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