Key CDD Concepts
This course covers customer due diligence concepts, including verification, profiling, analysis, ownership structures, and ongoing monitoring.
This course covers customer due diligence concepts, including verification, profiling, analysis, ownership structures, and ongoing monitoring.
This interactive short course, developed by industry experts, provides a comprehensive exploration of key customer due diligence (CDD) concepts essential for compliance professionals. Designed for new entrants in CDD roles, those seeking to expand their knowledge, and professionals involved in risk management, the curriculum delivers practical insights into critical verification procedures. Participants will learn CDD requirements for both private persons and legal entities, understand the importance of documentary evidence in Know Your Customer (KYC) processes, and master the elements of effective customer profiling for risk identification. The course delves into analyzing the purpose of customer relationships, navigating the complexities of beneficial ownership structures through multiple layers, and implementing continuous monitoring and screening protocols. With its focused approach, this bite-sized program equips learners with the specialized knowledge required to perform effective due diligence in financial and regulated sectors.
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What you'll learn
Understand the specific CDD requirements for both private persons and legal entities and the crucial role of documentary evidence Master the key elements of creating an effective customer profile for accurate risk identification Learn techniques to investigate the true purpose of a customer's engagement with your organization Navigate the complexities of beneficial ownership and control structures across multiple ownership layers Implement continuous monitoring systems and timely screening protocols for customer transactions Apply practical CDD concepts to real-world compliance scenarios in financial institutions
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 interactive course provides essential knowledge on customer due diligence (CDD) concepts crucial for compliance professionals. The curriculum begins with an exploration of verification requirements for both private individuals and legal entities, emphasizing the critical role of documentary evidence in Know Your Customer (KYC) processes. Students learn to develop comprehensive customer profiles that enable effective risk identification. The course examines methods for investigating the purpose and nature of customer relationships with financial institutions, providing frameworks for understanding customer intentions and behaviors. A significant portion focuses on unraveling the complexities of beneficial ownership and control structures, teaching students how to navigate through multiple layers of ownership to identify ultimate beneficial owners. The program concludes with instruction on implementing continuous monitoring systems and timely screening protocols to maintain compliance throughout the customer relationship lifecycle. Designed by subject matter experts, this course delivers practical knowledge applicable to various compliance roles in financial and regulated sectors.
Fee Structure
Payment options
Financial Aid
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Frequently asked questions
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