This module on Enhanced Due Diligence covers the updated Reserve Bank of India KYC Directions, 2025, highlighting key updates on beneficial ownership, new parameters for risk categorisation, enhanced accountability under the Central KYC Records Registry, enhanced scrutiny for non-face-to-face accounts, identifying money mule accounts and reporting them to FIU-IND etc.

To reinforce practical understanding, the module covers a step-by-step EDD process, including deeper customer information collection, senior management approval for high-risk relationships, ongoing monitoring using AI/ML-based transaction surveillance, and periodic risk reviews.

It includes three real-world case studies illustrating risk scenarios, escalation processes, and appropriate compliance responses. It also highlights the roles and responsibilities of branch staff versus the central KYC/compliance team, ensuring clarity in operational accountability.

Finally, the training covers implementation challenges, practical Do’s and Don’ts, and regulatory penalties, emphasizing the importance of strict adherence to the 2025 Directions to prevent money laundering, financial fraud, and regulatory breaches.

About the Trainer

Himanshu Vasa

Empaneled Trainer

Himanshu Vasa is Former President & Chief Compliance Officer (CCO) of Kotak Mahindra Bank with over 34 years of strategic and operational leadership in banking, financial services, and consulting. His expertise in corporate governance, regulatory compliance, enterprise risk management, and strategic transformation and ability to resolve regulatory and operational challenges has earned him the Certificate of Recognition of Excellence at the CFO 100 awards function for 7 consecutive years.