Certificate in KYC and CDD Syllabus
CDD – Why Bother?
- What is customer due diligence?
- Why is CDD important?
- Regulatory drivers: AML, tax, conduct of
business
- CIP vs. CDD vs. KYC – an overview of
terms
- The international perspective – EU ML
directives, US, APAC
The Risk-Based Approach to CDD
- What is a risk-based approach?
- Navigating key risk factors and common
red flags
- Applying simplified, standard and
enhanced due diligence
- Risk rating and acceptance
- Firm-wide risk assessments
Key CDD Concepts
- Private persons vs. legal entities
- Customer verification
- Customer profile
- Nature and purpose of the relationship
- Beneficial ownership & control
- Ongoing monitoring, customer
screening
Core KYC Frameworks
- The CDD process and its key
stakeholders
- management, KYC templates
- Elements of an effective KYC
infrastructure
- Industry-wide KYC utilities and other
emerging trends
What It’s Like Working in KYC
- The 3 dimensions of KYC – risk,
operations, service
- The importance of working to policy
standards
- Common practices in different industries
- Ownership & accountability: 3 Lines of
defence, escalation paths
- Overview of industry guidance and
resources
