Fundamentals of Know Your Client (KYC) and Customer Due Diligence (CDD)
Overview
KYC/CDD is a critical element for effectively managing the risks posed by potential clients, thus protecting the organization against criminals, terrorists, and Politically Exposed Persons (PEPs) who might present a higher risk, and possible dubious actions by existing customers that need to be regularly reassessed.
This course provides essential knowledge for KYC and CDD procedures, both key tools in assessing customer risk and a legal requirement to comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws. Effective KYC/CDD involves knowing a customer’s identity and their financial activities, ongoing monitoring of business activities, and identifying and mitigating the AML/CFT risk a business relationship may pose on a regulated entity.
As part of this programme, you will receive one year of free membership to AGRC.
Course Content
- An Introduction to KYC/Customer Due Diligence (CDD)
- The Value of Customer Due Diligence (CDD)
- CDD: Establishing and Maintaining a Strong CDD Programme
Training Duration & Method
Training Duration
This course may take up to five (5) hours to complete. Keep in mind, however, that actual study time varies based on each learner’s training pace.
Training Method
The course is offered online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop, and resume their training at any time.
At the end of the training, participants take a quiz to complete their learning and earn a Certificate of Completion.
Who Should Enroll
This course is addressed to all individuals who practice AML such as compliance and/or AML managers in banks, investment firms, investment funds, ASPs, trust service corporate providers, and lawyers.
Accreditation & CPD Recognition
This programme has been developed by the Association of Governance, Risk & Compliance (AGRC), a globally recognised GRC certification organization and network.
The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for five (5) CPD units that approve education in financial regulation. The course may be also approved for CPD units by institutions that approve general financial training such as CISI and ACAMS.
Eligibility criteria and CPD units are verified directly by your association, regulator, or other any other body for which you hold membership.