KYC

Practice presentation

  • Since the financial crisis compliance obligations have considerably evolved and Know-Your-Customer (KYC) requirements apply today to numerous regulatory disciplines: financial crime (4/5th money AML directives, sanctions & embargos, anti bribery and corruption and fighting tax evasion), conduct of business and investor protection (MiFID, EMIR), tax compliance (FATCA, CRS), and more recently PSD2 et GDPR.
  • This has caused a material increase in the complexity of client onboarding and ongoing due diligence processes, often resulting in operational inefficiencies. In addition, the cost of non-compliance and weak risk management has grown continuously as evidenced by larger and more frequent enforcement actions.
  • To help resolve this conundrum, Efficiency Management Consulting has developed a two-pillar offering (consulting and training) to effectively address KYC regulatory challenges in a context of cost reduction and search for competitive advantage from improved customer service.

 

Market Offer – Training : 2018 EMC Training Market Offer for KYC

Market Offer – Consulting : 2018 EMC Advisory Market Offers for KYC

Contact : training@efficiency-mc.com

 

Focus on the training offer :

  • Efficiency Management Consulting has developed a specialist KYC training curriculum driven by its regulatory expertise and domain experience.
  • Training courses are offered at all levels of proficiency, from graduates to Subject Matter Experts and provide up-to-date learning across contextual, environmental and technical aspects of KYC
  • Standard courses are delivered from our catalogue (contact us for details) or can be developed / customized to your unique requirements

 

Our flagship training programmes :

  1. KYC fundamentals
  2. Fundamentals of legal structures and ID&V
  3. Core Customer Due Diligence
  4. Enhanced Due Diligence

Our strengths :

  • Training courses are delivered by experienced KYC professionals with a career at senior levels in large Financial institutions
  • Courses are eligible to CPD / Continuous Professional Development credits
  • Development and delivery of our courses meet the highest standards of quality

 

Focus on the advisory Market Offer : 

  • Thanks to its wide-ranging expertise and broad competencies Efficiency Management Consulting support sthe effective delivery of its customers’ transformation projects such as (but not limited to):

 

  • Managements of complex organisational and IT projects
    • Business Case definition
    • Programme design / transformation roadmap and implementation strategy
    • Project management (PMO/PM)

 

  • Compliance framework :
    • Target Operating Model design
    • Assessment and definition of governance arrangements and 3-lines systems & controls
    • Development and alignment of KYC policies and procedures
    • Capacity augmentation for remediation projects in (onshore/nearshore)

 

  • Operational effectiveness
    • Design and implementation of Quality Assurance frameworks
    • Process and data management re-engineering and optimization
    • End-to-end process digitalization (onboarding, ongoing due diligence, offboarding)
    • Process automation through smart technology