Are you preparing for JAIIB 2025 and struggling with banking compliance concepts like KYC, AML, FATF, and Correspondent Banking? Understanding these topics is crucial for cracking the exam and excelling in your banking career.
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- International banking regulations (UNSC sanctions, FATF guidelines, restricted accounts)
- Types of accounts (Joint, Minor, Illiterate, and Blind person accounts)
- Banking compliance and reporting obligations
- How banks handle suspicious transactions & penalties for non-compliance
- Risk management in banking operations
- Emerging trends in financial crime detection
This session is perfect for JAIIB aspirants, banking professionals, and finance enthusiasts who want to grasp these concepts effortlessly.
🔥 Don’t miss out! Watch the video now & drop your questions in the comments!
📌 Key Topics Covered in the Video
🕒 [00:00:07] Introduction to PPB Module A – Chapter 2 & 4
Quick overview of topics covered in the session
Importance of KYC, AML, and compliance in banking
Why these concepts matter for JAIIB 2025
🕒 [00:01:14] International Banking Compliance – UNSC Sanctions & FATF Guidelines
- What are UNSC sanctions? Why do banks need to comply?
- Restricted accounts: Banks cannot open accounts for entities listed under ISIL, Daesh, Al-Qaeda, or Taliban sanctions.
- FIU-IND & UAPA Notifications: If listed, account opening is restricted.
- FATF & High-Risk Jurisdictions: FATF updates every 4 months; transactions from high-risk countries require extra scrutiny.
🕒 [00:03:42] FATF’s Role in Banking Compliance
What is FATF (Financial Action Task Force)?
How banks identify high-risk transactions
Case study: Transactions from Somalia & enhanced due diligence requirements
🕒 [00:07:00] Importance of Risk-Based Approach in Banking
Understanding the role of **Risk-Based Approach (RBA)** in banking compliance.
Why banks implement **customer due diligence (CDD)** based on risk levels.
Examples of **low-risk vs. high-risk customers**.
🕒 [00:09:30] Correspondent Banking Risks
What is **Correspondent Banking**, and why do banks use it?
How **money laundering risks increase** in cross-border banking.
Regulatory frameworks and **compliance measures** to mitigate correspondent banking risks.
🕒 [00:12:30] Transaction Monitoring & Red Flags
How banks **monitor transactions** to detect suspicious activities.
Common **red flags** that indicate potential money laundering.
What actions banks must take when they spot a suspicious transaction.
🕒 [00:15:00] Fraud Prevention Strategies
Exploring techniques banks use to prevent fraud.
How **artificial intelligence and machine learning** aid in fraud detection.
Recent case studies in financial fraud prevention.
📥 Download the PDF Notes
Want a quick reference for all these important banking concepts? Download the complete PDF here:
Conclusion
Mastering PPB concepts like KYC, AML, FATF, and banking compliance is essential for every banker preparing for JAIIB 2025. Understanding the international banking laws, compliance frameworks, and account types will give you an edge in your exam and career.
💡 Now it’s your turn! Tell us in the comments – which topic did you find most challenging? Need further clarification on anything? We’re here to help!
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