Certificate in KYC and CDD
Level 3 | Awarded by AGRC & Accredited by LIBF
Summary
- Exam(s) / assessment(s) is included in price
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Overview
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.
Certification
Certificate in Know Your Customer & Customer Due Diligence
CPD
Course media
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.
Questions and answers
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Provider
LGCA is a multi-accredited UK learning provider specialising in, but not limited to, the areas of governance, risk, compliance, financial services and cybersecurity.
LGCA is an accredited training partner (ATP) of the Chartered Institute for Securities & Investment (CISI), offering fully online training courses for a great number of CISI qualifications. In addition to the CISI, the LGCA is also an accredited training institution the International Governance & Compliance Association (IGCA), the Association of Accounting Technisians (AAT), the International Association of Privacy Professionals (IAPP), and an accredited training provider of EXIN.
LGCA is part of the European Institute of Management and Finance (EIMF) Group, one of Europe’s leading institutions for certified and executive education, eLearning and bespoke learning solutions in the financial sector. The Group specialises in providing practical & essential knowledge and skills for professionals to excel in their careers and meet the demands of today’s financial sector.
Invested in your future
Our business is financial education, and we are passionate and committed to your personal and professional development in financial services.
Our 200+ specialised courses cover a wide range of subjects, including regulatory compliance, financial crime, risk management, accounting, banking, compliance office skills, taxation, marketing, corporate governance, leadership, law and more.
As well as accredited courses, we provide many vocational and other specific programs to assist in your daily responsibilities and career progression.
Made for tomorrow, relevant today
Whether it is complaints handling or financial crime, compliance monitoring or sanctions updates, MiFIR transaction reporting or blockchain, at the LGCA we have courses designed to accommodate your mode of study and level of ability.
Our faculty of expert trainers are leading specialists in their fields. Their passion for their subjects, practical experience and years of training ensure that you get the most out of the courses; you gain relevant knowledge and practical skills that have a measurable impact on your personal and professional progression.
LGCA is your training partner!
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Legal information
This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
