ICA Advanced Certificate in Practical Customer Due Diligence (CDD)
International Compliance Association
Summary
- Exam(s) / assessment(s) is included in price
Overview
It has never been more important to have robust controls and procedures in place to Know Your Customer (KYC). Adequate due diligence on new and existing customers is a key part of these controls. Without this due diligence, your firm can become subject to reputational, operational, legal and financial risks.
This qualification has been designed for KYC Analysts and professionals who manage risk in the Customer Due Diligence (CDD) process. The only professional qualification in practical CDD, this course will help you make sound judgements and pinpoint areas of potential risk.
Description
What will you learn?
- Identification and Verification
- Understanding the Customer
- Establishing the nature of the relationship
- Unravelling ownership structure/beneficial ownership
- Who controls the customer?
- Screening the customer/related parties
- Money laundering risk factors and risk ratings
- Enhanced Due Diligence (EDD)
- Client classifications
- CDD profiles and document management
How and where can you study?
This six month course is being offered in London, Jersey and Guernsey in the following format:
- Pre-reading/exercises/tasks to be completed in advance of workshops, delivered via the ICT learning platform
- Three workshops complementing the written materials, covering key areas and embedding them through discussions and practical exercises
- Innovative workshop exercises that use mock CDD documents, genuinely reflecting the practical issues encountered in the CDD environment
- Three hour exam held at the end of the final workshop
How will you be assessed?
The course is assessed by a three hour examination which comprises multiple choice questions and short form written response questions (including a section where you will be provided with a set of CDD documentation and asked to assess the information/respond to questions based upon them.)
Can these courses be taught in-house?
An in-house option is available for firms putting a minimum of 7 people onto the course. Benefits include a reduction in price and the ability to include bespoke material in the course delivery.
Who is this course for?
- Those engaged in practical CDD - in an onboarding or remediation function
- Contractors who wish to enter the CDD environment
- Managers who oversee CDD teams
- Those responsible for creating/developing CDD frameworks
- New/recently appointed MLROs and deputies
- Internal auditors assuming responsibilities for money laundering/financial crime issues
- All individuals engaged who aspire to a career in anti money laundering
Requirements
This course is open to anyone who is interested in furthering their CDD knowledge and skills. However, the content of the programme requires students to possess:
- Sound educational background
- Good written English skills
Questions and answers
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
