Know your transaction (KYT)

Strengthen the skills of Relationship Manager in analysing client transactions

The course begins with a presentation of various situations in which Relationship Managers are required to carry out substantial due diligence on transactional clarification. Whether for unusual transactions involving an increased level of risk or presenting indicators of money laundering, the purpose of the due diligence exercise is to shed light on the underlying economic background of the transaction.

The second part focuses on the notion of the financial intermediary’s responsibility as guarantor, establishing a correlation between the level of vigilance required and the degree of risk inherent in the transaction. Examples are used to illustrate the actions to be taken and the consequences of non-compliance with

these obligations.

The course concludes with a summary of the stages in the clarification process.