Advanced Certificate in Practical Customer Due Diligence

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. 

ICA qualifications, where stated, are 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