KYC Training

Will you be willing to enter into a relationship and get married, WITHOUT knowing the person?

• Maybe, if I am desprate

• Only if I'm forced to

• No

• Yes, definitely

What is KYC?

• Know your Child

• Know your Counterparty

• Another fried chicken?

• Apa tu?

Is it safe to enter into a business contract WITHOUT properly verifying the business or background of the Party you contracting with?

• Yes, but minor risks might be involved

• Yes, safe at all times

• Maybe, it depends

• No, it's never safe

Is KYC a must?

• Legal & Compliance say it's a must, so we follow

• Depends on contract value

• Mandatory unless exempted

• No, it's optional

When do we forward a copy of the KYC Form to the Customer / Vendor to complete?

• After the contract is signed

• Ha? Need meh?

• Negotiating stage

• Before initiating any business transaction

A customer, counterparty, or vendor refuses to complete our KYC Form. Should we still proceed with the engagement?

• Proceed first, complete the KYC Form later

• No, we should not

• This deal KYC tak payah.

• PROCEED

Why do we specifically inquire in the KYC Form whether the customer/vendor/third party are Public Officials? PICK THE WRONG ANSWER.

• To ensure compliance with anti-bribery laws

• To assess potential conflicts of interest

• To offer them ZUS Coffee

• To manage risks associated with public office influence

A TIME Client Manager, HANDSOME, is trying to enter into a business with a company named LIPAS. Three years ago, HANDSOME found out that LIPAS's director had been investigated for non-compliance with governmental rules. What should we do?

• Three years ago, doesn't matter

• RED FLAG - alert Legal & Compliance

• Close one eye

• Tell the PIC for LIPAS to keep quiet

Should we enter into a business relationship with a customer that has been barred from competing for government contracts in any country?

• No

• Yes

• Why not?

• I don't care

In the KYC Form, one of the questions is whether the Counterparty has an employee code of conduct, ABC policy, and a process to report. Does TIME have all the above mentioned?

• No

• Yes

• Maybe

• Not Sure