On 6 March 2020, the Financial Action Task Force (FATF) published official guidance recognising the need for customer due diligence (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 is vital to understand the threat and mitigate the risk. 

This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

UK Finance members can get a 5 per cent discount on all ICA courses - USE DISCOUNT CODE: UKFIN5 at checkout. 

Learning Outcomes:

  • Outcomes and success criteria of KYC
  • Identification and verification
  • Understanding the customer
  • Understanding the relationship
  • Beneficial ownership
  • Understanding the control structure of the entity
  • Customer screening
  • Risk acceptance
  • Enhanced due diligence

Agenda:

  • Six-month course assessed by an exam at the end of the study journey
  • Pre-reading/exercises/tasks to be completed in advance of virtual workshops, delivered via the online learning platform
  • Four virtual classrooms, each lasting four hours covering key areas and embedding them through discussions and exercises. Virtual classes take place across two different time zones enabling engagement at an appropriate local time
Area of expertise:
James Wood-Rickett

James Wood-Rickett

AML/Financial Crime Prevention Course Director

ICA

ICA

The future needs well-rounded compliance and financial crime prevention professionals who have specialist knowledge but also the right personal skills...

The future needs well-rounded compliance and financial crime prevention professionals who have specialist knowledge but also the right personal skills to adapt to change. 
Awarded in association with Alliance Manchester Business School, the University of Manchester, ICA's internationally-recognised qualifications are designed to:

  • Boost your technical skills and enhance your professional profile
  • Advance your critical thinking and communication skills so you can better analyse situations and consider appropriate risk controls
  • Accelerate your effectiveness as a manager 
  • Help you embrace a global outlook and make a genuine impact

You will benefit from a powerful virtual learning experience, including analysing real-life examples and case studies and have the opportunity to share best practice, ideas and experiences with other course participants.

Are you looking to train your teams?
ICA can also partner with you to design and deliver learning solutions that have a positive impact on your teams? confidence and ability, your risk management approach and your competitive advantage. Find out more about the in-house training we offer in partnership with UK Finance by contacting them directly - training@ukfinance.org.uk 

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Alliance Manchester Business School, the University of Manchester

Alliance Manchester Business School, the University of Manchester

This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

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  • 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