ICA Advanced Certificate in Practical Customer Due Diligence CDD

On 6th March 2020, the FATF published official guidance recognising the need for CDD teams to acknowledge the requirement that organisations may need to onboard customers virtually. It has therefore 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. We have successfully created an engaging, practical and informative learning journey that is proven to work for virtual CDD teams onboarding in a virtual world. This qualification has been designed for KYC Analysts and professionals at all stages in their career who manage risk in the Customer Due Diligence (CDD) process. The only professional qualification in practical CDD, it’s vital to understand the threat and mitigate the risk. This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

Course syllabus:

  1. Outcomes and success criteria of KYC

  2. Identification and verification

  3. Understanding the customer

  4. Understanding the relationship

  5. Beneficial ownership

  6. Understanding the control structure of the entity

  7. Customer screening

  8. Risk acceptance

  9. Enhanced due diligence