Boost your customer service, administrative, and back-office skills by getting
certified in KYC and CDD by AGRC!
This certificate will provide you with the tools and knowledge required to
become an invaluable member of any institution’s client onboarding and customer
retention process.
A key concern and significant risk for financial institutions remain the
possibility of unknowingly becoming complicit in money laundering actions, where
illegitimate money is moved into legitimate institutions.
In order to mitigate such risk, FIs have strengthened their internal control
systems by increasingly making use of Know Your Customer (KYC) and Customer Due
Diligence (CDD) requirements, as part of their anti-money laundering (AML)
strategies.
--------------------------------------------------------------------------------
Study method
Distance learning, self-paced
Duration
25 hours
Access to content
360 days
Certification
Certificate in Know Your Customer & Customer Due Diligence
Additional info
Exam(s) / assessment(s) is included in price
--------------------------------------------------------------------------------
DESCRIPTION
About the Certificate
KYC/CDD is a critical element for effectively managing the risks posed by
potential clients (thus protecting the organization against criminals,
terrorists, and Politically Exposed Persons (PEPs) who might present a higher
risk) and possible dubious actions by existing customers that need to be
regularly reassessed.
This certificate course provides essential knowledge for KYC and CDD procedures
which are key tools in assessing customer risk and a legal requirement to comply
with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws.
Effective KYC/CDD involves knowing a customer’s identity and their financial
activities, ongoing monitoring of business activities, and identifying and
mitigating the AML/CFT risk a business relationship may pose on the regulated
entity.
Expected Learning Outcomes
• Understand the importance of adopting effective KYC/CDD policies and
procedures in a regulated entity
• Review international guidance on the essential elements of KYC standards and
the applicable regulatory framework
• Have the ability to establish and maintain a solid KYC/CDD programme
• Successfully assess the different levels of KYC/CDD that can be applied by an
entity
• Efficiently deal with higher risk situations and cases in an effective manner
• Have a practical perspective on the adverse effects that can result from lack
of efficient KYC/CDD procedures
Topics covered
• An introduction to KYC/Customer Due Diligence (CDD)
• The value of Customer Due Diligence (CDD)
• CDD: Establishing and maintaining a strong CDD programme
• CDD in higher risk situations and record keeping requirements
• AML Case Studies
Format
• Register at any time for this online, open Certificate
• Study in your own time and at your own pace (you have up to 3 months to
complete)
• Assessed by online multiple-choice exam
What is included
• 25 hours of self-paced online interactive learning including analysis of 7
practical case studies
• 1-year free AGRC membership
• Online Exam and AGRC Certificate
WHO IS THIS COURSE FOR?
This course is addressed to all individuals who practice KYC, CDD as well as
Anti-Money Laundering such as Compliance/AML Managers in Banks, Investment
Firms, Investment Funds, Trust Service Corporate Providers and Lawyers.
REQUIREMENTS
No previous knowledge or experience is required though it is assumed that
participants have good knowledge of English and sound educational background
CAREER PATH
Head of Back Office, Head of Customer Support, Compliance Assistant, Compliance
Officer, AML Officer, MLRO.