Online
- Duration / Course length: Upto 5 Hours Start now
- Accredited by: AGRC
- Certificates:
- Course delivery: This course is delivered in video format
Course details
A key concern and significant risk for financial institutions is the possibility of unknowingly becoming complicit in money laundering, whereby illegitimate money is moved into legitimate institutions. To mitigate such risk, financial institutions have strengthened their internal control systems by increasingly making use of Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements as part of their anti-money laundering (AML) strategies.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.
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
Eligibility / Requirements
There are no prerequisites to attend this course.
Job roles this course is suitable for:
Senior Compliance Officer , Compliance Consultant , KYC / CDD SpecialistAbout 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.
