Key CDD Concepts
International Compliance Association
This interactive short course, written by subject matter experts, explores customer due diligence (CDD), identifying risks, the complexities of beneficial ownership and the need for monitoring and screening. Suitable for new entrants in CDD roles, those who wish to learn more about CDD, and anyone whose role involves managing risk in the CDD process.
About this Course
This interactive short course, written by subject matter experts, explores the key customer due diligence (CDD) concepts. Suitable for new entrants in CDD roles, those who wish to learn more about CDD, and anyone whose role involves managing risk in the CDD process. By the end of this course, you will be able to: Understand the CDD requirements for private persons and legal entities and explain why documentary evidence is crucial in KYC Detail the key elements of a customer profile and its role in identifying risks Investigate the purpose of the customer’s engagement within your firm Appreciate the dynamics of beneficial ownership and control and how you may need to investigate layers of ownership Understand the importance of continuous monitoring and timely screening of customer transactions
What You'll Learn
- Private persons
- Legal entities
- Customer verification
- Customer profile
- Nature and purpose of the relationship
- Beneficial ownership and control
- Ongoing monitoring and customer screening