In light of the efforts made by insurance companies to verify information related to their customers, they have taken great care to implement the "know your customer" rules and guidelines in order to combat financial crime and ensure that the principles of integrity prevail in all operations and activities. This training program is designed to familiarize participants with the concept of knowing your customer, the general rules for identifying customers and verifying their identities, and how to assess customer risks, as well as reviewing the instructions and regulations issued by the Central Bank regarding the principle of knowing your customer in the insurance sector.
At the end of the training program, the participant should be able to:
1 The 'know your customer' principle
2 Customer identification process
3 The general rules for identifying customers and verifying their identity
4 Customer Due Diligence
1 Detailed procedures for identifying clients and their true beneficiaries
2 Means of following up on clients of insurance in terms of patterns of operations
3 Customer risk assessment
4 Examples of high-risk clients and ways to deal with the risks they represent
1 Instructions of the Central Bank of Saudi Arabia related to the application of the compliance in insurance companies
2 The importance of compliance to the instructions of the regulatory authorities
3 The relationship between compliance, risk management and internal audit
4 Compliance relationship with the application of know your customer
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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