CDD in Practice
Explore key KYC frameworks, stakeholder roles, and implementation strategies in this interactive course for compliance professionals in financial institutions.
Explore key KYC frameworks, stakeholder roles, and implementation strategies in this interactive course for compliance professionals in financial institutions.
This highly interactive short course provides practical insights into Know Your Customer (KYC) frameworks and the day-to-day realities of working in KYC roles. Designed for new entrants in Customer Due Diligence (CDD) positions, professionals seeking to expand their knowledge, and individuals whose responsibilities include risk management in the CDD process, the curriculum delivers comprehensive understanding of operational aspects. Subject-matter experts guide participants through the key stakeholder roles and the fundamental elements and challenges of managing effective CDD processes. The course explores how KYC data is recorded, the components of robust KYC infrastructure, and the implementation of appropriate policies, procedures, and processes. Participants will also learn quality assurance and control techniques in CDD, including the crucial role of periodic reviews and remediation processes, preparing them for practical application in financial and regulated environments.
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What you'll learn
Understand stakeholder roles and master the key elements and challenges of managing effective CDD processes Learn how KYC data is properly recorded and maintained within organizational systems Identify the components of an effective KYC infrastructure and implementation of appropriate policies Explore industry-wide KYC utilities and emerging trends affecting customer due diligence practices Master quality assurance and control techniques in CDD operations and workflows Understand the critical role of periodic reviews and remediation processes in maintaining 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 course provides practical insights into KYC frameworks and implementation strategies for compliance professionals. The curriculum begins with an exploration of the CDD process and the roles of key stakeholders involved in managing customer information and risk. Students learn effective methods for recording KYC information and the essential elements of a robust KYC infrastructure, including industry-wide KYC utilities and emerging trends shaping the field. The course examines the three dimensions of KYC practice and emphasizes the importance of working to established policy standards across different industries. Participants gain knowledge about common practices in various sectors, understanding variations in approach while maintaining regulatory compliance. The program addresses ownership and accountability in KYC processes, clarifying responsibilities and ensuring proper governance. It concludes with an overview of industry guidance and resources available to practitioners, preparing students for real-world application of KYC principles in compliance roles.
Fee Structure
Payment options
Financial Aid
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