CDD and the Risk-Based Approach
Gain a solid understanding of KYC and CDD processes, regulatory drivers, and how to implement a risk-based approach for financial compliance.
Gain a solid understanding of KYC and CDD processes, regulatory drivers, and how to implement a risk-based approach for financial compliance.
This bite-sized course provides essential knowledge about Know Your Customer (KYC) and Customer Due Diligence (CDD) principles and their critical importance in financial compliance. Designed for newcomers to CDD roles, those seeking to expand their knowledge, and professionals involved in risk management, the curriculum explores the fundamentals of the risk-based approach to due diligence. Students will learn key concepts in KYC/CDD, understand regulatory drivers including anti-money laundering, tax compliance, and conduct of business requirements, gain international perspectives on due diligence, identify key risk factors and common red flags, and develop skills to apply simplified, standard, and enhanced due diligence procedures appropriately. By course completion, participants will understand risk ratings, acceptance criteria, and firm-wide risk assessments, preparing them for effective compliance roles.
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What you'll learn
Understand the key concepts of KYC and CDD and why they are important in financial compliance Learn about regulatory drivers including AML, tax compliance, and conduct of business requirements Gain insights into different international perspectives on customer due diligence Master the risk-based approach and identify key risk factors and common red flags in client onboarding Apply appropriate levels of due diligence (simplified, standard and enhanced) based on risk assessment Develop skills in risk rating, acceptance criteria, and firm-wide risk assessments for effective compliance
Skills you'll gain
This course includes:
PreRecorded video
Graded assessments, exams
Access on Desktop, Mobile, Tablet
Limited Access access
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Module Description
This comprehensive course provides a foundational understanding of Know Your Customer (KYC) and Customer Due Diligence (CDD) principles and their implementation through a risk-based approach. The curriculum covers essential concepts in KYC/CDD, explaining what customer due diligence is and why it's crucial for financial institutions and other regulated entities. Students will explore regulatory drivers including anti-money laundering (AML), tax compliance, and conduct of business requirements, gaining insights into key terminology and international perspectives on due diligence standards. The course delves into the risk-based approach, teaching participants to identify key risk factors and recognize common red flags that may indicate suspicious activity. Practical modules focus on applying different levels of due diligence (simplified, standard, and enhanced) depending on risk assessment, understanding risk rating systems and acceptance criteria, and developing firm-wide risk assessments. Designed for new entrants in CDD roles, those seeking to expand their knowledge, and professionals involved in risk management, this bite-sized course offers a concise yet thorough introduction to this critical area of financial compliance.
Fee Structure
Payment options
Financial Aid
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Frequently asked questions
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