Training Objectives

By the end of the programme, participants will be able to:

• Understand the factors that need to be considered when applying KYC/CDD
• Know the elements of KYC/CDD
• Understand how to apply KYC/CDD in specific cases and in high-risk situations
• Recognize the different types of CDD

Training Outline

• What is KYC/CDD
• KYC/CDD procedures
• CDD considerations

– Beneficial Ownership registries

– Technology

• CDD application

– Identifying and verifying the customer

– Identifying and verifying the  beneficial owner

– Understand the intended nature and purpose of the business relationship

– Ongoing monitoring

– Different types of customers (individual, legal entities, trusts etc)

– The Customer’s Economic profile

– The misuse of legal persons

– Customer reviews

• Sanctions and AML
• SDD
• EDD for PEPs and other high-risk customers
• Examples

Who Should Attend

The program is addressed to:

• Compliance Officers / Assistant Compliance Officers
• Employees of obliged entities dealing with KYC/CDD
• AML Officers
• Back-office Staff
• Customer onboarding staff
• Customer Administration officers

Training Style 

The programme is designed to deliver participants with knowledge on how to apply appropriate KYC/CDD to their customers according to international standards and regulatory obligations.

The participants will be able to apply their knowledge during the course through interactive case studies that will be assessed and discussed.

CPD Recognition

This programme may be approved for up to 5 CPD units in  AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.