KYC Due Diligence in Myanmar: A Must-Know for Businesses Operating in the Country
As Myanmar continues to open up to foreign investment and global trade, knowing your customer (KYC) has become a crucial aspect of doing business in the country. The government has implemented stricter regulations to combat money laundering, terrorist financing, and other financial crimes, making it essential for companies to conduct thorough due diligence on their customers.
The Importance of KYC Due Diligence
In response to these regulatory expectations, the Institute of Certified Accountants (ICA) offers an introductory-level course on KYC and Customer Due Diligence (CDD). This comprehensive program provides a solid understanding of core concepts and frameworks, as well as practical components of working within the KYC environment.
Course Outline
The course covers key topics such as:
- CDD - why bother?
- The risk-based approach to CDD
- Key CDD concepts
- Core KYC frameworks
- What it’s like working in KYC
Students will also gain an internationally recognized certification awarded in association with Alliance Manchester Business School, University of Manchester.
Who Should Take This Course?
This course is suitable for:
- New entrants in CDD roles or those who wish to learn more about CDD
- Client managers
- Project managers
- Operational staff
- Middle office and sales assistants
- Consultants
- Audit professionals
- Anyone whose role involves managing risk in the CDD process
Course Details
- Designed to be completed in as little as four weeks, but students will have access to materials for up to two months
- Assessments are conducted through a one-hour online multiple-choice exam that can be taken at any point during the study period
- Upon completion, students receive a downloadable certificate to demonstrate their achievement
Testimonials
Many past students have praised the course, citing its relevance to their sector of work and ease of navigation. The knowledge checks at the end of each section are also highly commended.
Additional Benefits
By enrolling in this course, you will join an international community of over 30,000 ICA members, with access to exclusive benefits such as:
- Personalized learning hub
- Weekly webinars on the latest industry developments
- Discounts on ICA events and further courses
Enroll Now!
Don’t miss this opportunity to enhance your knowledge and skills in KYC due diligence and stay ahead of regulatory requirements. Enroll now and take the first step towards becoming an expert in this critical field.