- Duration: Upto 15 Hours
Course details
About the CertificateKYC/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 certificate course provides essential knowledge for KYC and CDD procedures which are 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 the regulated entity.
Expected Learning Outcomes
- Understand the importance of adopting effective KYC/CDD policies and procedures in a regulated entity
- Review international guidance on the essential elements of KYC standards and the applicable regulatory framework
- Have the ability to establish and maintain a solid KYC/CDD programme
- Successfully assess the different levels of KYC/CDD that can be applied by an entity
- Efficiently deal with higher risk situations and cases in an effective manner
- Have a practical perspective on the adverse effects that can result from lack of efficient KYC/CDD procedures
Topics covered
- An introduction to KYC/Customer Due Diligence (CDD)
- The value of Customer Due Diligence (CDD)
- CDD: Establishing and maintaining a strong CDD programme
- CDD in higher risk situations and record keeping requirements
- AML Case Studies
Eligibility / Requirements
No previous knowledge or experience is required though it is assumed that participants have good knowledge of English and sound educational background
Job roles this course is suitable for:
Customer Onboarding Specialist , Compliance Consultant , Senior Compliance OfficerAbout London Governance & Compliance Academy (LGCA)
LGCA offers 100% online, comprehensive training courses for professional certificates and qualifications in Compliance, AML, KYC/CDD and Sanctions Compliance.
With these flexible programmes, which are built by professionals for professionals, you can get certified in the GRC subject of your choice by studying on a part-time basis and at your own pace.
Price includes a full 20-hour training course, student handbook, online exam fee, certificate of completion, and one-year free membership to a leading professional GRC association.
Boost your career by picking up these highly valued skills and make a splash in the GRC world by showcasing your newfound expertise to your employers.
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