Certificate in Know Your Customer and Customer Due Diligence

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Certificate in Know Your Customer and Customer Due Diligence

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Course curriculum

1. Disclaimer
2. Welcome Message
3. Introduction to this Course
1. 🗣️ Instructor-Led Course Live Tutoring
1. Download — Audio Book
2. Download — Study Guide
3. Download — Course Slides
1. Introduction to this Module
2. What is Customer Due Diligence (CDD)
3. What is Know Your Customer (KYC)?
4. Similarities and Differences between CDD and KYC
5. CDD/KYC and Financial Crime Prevention (AML/CTF)
6. Importance of CDD/KYC for Risk Management
7. Case Study: Regulatory Fines and Enforcement Actions relating to CDD/KYC Failures
8. Related Terms: CIP, KYC, KYB, KYE
9. Module Summary
10. Multiple Choice Quiz
1. Introduction to this Module
2. Financial Action Task Force (FATF): Background, Overview, and Approach to CDD/KYC
3. United Nations Office on Drugs and Crime (UNODC): Background, Overview, and Approach to CDD/KYC
4. Wolfsberg Group: Background, Overview, and Approach to CDD/KYC
5. Basel Committee on Banking Supervision: Background, Overview, and Approach to CDD/KYC
6. Organization for Economic Co-operation and Development (OECD): Background, Overview, and Approach to CDD/KYC
7. Module Summary
8. Multiple Choice Questions
1. Introduction to this Module
2. United States: Overview of Key Regulation and CDD/KYC Requirements
3. United Kingdom: Overview of Key Regulation and CDD/KYC Requirements
4. EU: Overview of Key Regulation and CDD/KYC Requirements
5. Singapore: Overview of Key Regulation and CDD/KYC Requirements
6. Australia: Overview of Key Regulation and CDD/KYC Requirements
7. Module Summary
8. Multiple Choice Questions
1. Introduction to this Module
2. Customer Identification Program
3. General Identification Requirements
4. Specific Identification Requirements
5. Verification Procedures
6. Nature and Purpose of Relationship
7. Case Study: Customer Identification Process for A Natural Person
8. Case Study: Customer Identification Process For A Legal Person
9. Documentary Verification: Primary and Secondary
10. Non-Documentary Verification: Primary and Secondary
11. Module Summary
12. Multiple-Choice Quiz
1. Introduction to this Module
2. Understanding Beneficial Ownership and Ultimate Beneficial Owners (UBOs)
3. Understanding Fictitious Beneficial Ownership
4. Beneficial Ownership of Legal Arrangements
5. Beneficial Ownership versus Control
6. Beneficial Ownership Calculation Methods
7. Direct and Indirect Ownership
8. Calculation Thresholds
9. Case Study: Calculating Beneficial Ownership
10. Module Summary
11. Multiple-Choice Quiz
1. Introduction to this Module
2. Risk-Based Approach (RBA) In CDD/KYC
3. Customer Risk Rating Models In CDD/KYC
4. Overview Of Risk Categories: Customer, Jurisdiction, Product, Channel
5. Customer Risk and Red Flags
6. Politically Exposed Person Risk and Red Flags
7. Shell Company Risk and Red Flags
8. Jurisdiction Risk and Red Flags
9. Product Risk and Red Flags
10. Channel Risk and Red Flags
11. Use of Customer Profiling in Compliance Reviews
12. Module Summary
13. Multiple-Choice Quiz
1. Introduction to this Module
2. What is Customer Screening
3. Importance of Customer Screening
4. Overview of Screening Types
5. Sanctions Screening
6. Financial Crime Screening
7. Adverse Media Screening
8. Overview of Common Customer Screening Tools: World-Check, Orbis, and LexisNexis
9. Politically Exposed Persons (PEP) Screening
10. Module Summary
11. Multiple-Choice Quiz
1. Introduction to this Module
2. Connecting Customer Risk Rating with Due Diligence
3. Standard Due Diligence Measures
4. Simplified Due Diligence Measures
5. Enhanced Due Diligence Measures
6. Continued EDD Measures in Certain Circumstances
7. Event-Driven Reviews: Red Flags and Investigations
8. Transactions Monitoring and Periodic Compliance Review
9. Suspicious Activity Report (SAR)
10. Module Summary
11. Multiple-Choice Quiz
1. Introduction to this Module
2. Overarching Governance Structure
3. Central Compliance Committee (CCC) and Its Composition
4. Terms of Reference of the Central Compliance Committee (CCC)
5. Role of Money Laundering Reporting Officer (MLRO)
6. Role of Anti Money laundering (AML) Team
7. Elements of an effective CDD/KYC Compliance Program
8. Module Summary
9. Multiple-Choice Quiz
1. How to take the Assessment
2. Assessment Policy
3. Final Assessment
1. Course Summary
2. CDD/KYC Career Tips and Best Practices
3. Course Evaluation and Feedback

About this course

106 lessons
9 hours of video content

Certificate in Know Your Customer and Customer Due Diligence

Course curriculum

Introduction

Tutored Learning

Resources

Module 1: Customer Due Diligence (CDD) and Know Your Customer (KYC) Fundamentals

Module 2: International Bodies and Standard Setters

Module 3: National Legal and Regulatory CDD/KYC Frameworks

Module 4: Customer Identification and Verification

Module 5: Beneficial Ownership and Ultimate Beneficial Owners (UBO)

Module 6: Customer Risk and Risk Profiling

Module 7: Customer Screening

Module 8: Levels of Customer Due Diligence

Module 9: CDD/KYC Compliance and Governance Structure

Final Assessment

Completing this Course

About this course