KYC & Client Due Diligence

To truly 'Know Your Customer' requires conducting a rigorous Client Due Diligence process. This course provides you with an overview of CDD requirements, their legal basis and detailed insight into

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Last updated Fri, 29-Jan-2021
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Course overview

To truly 'Know Your Customer' requires conducting a rigorous Client Due Diligence process. This course provides you with an overview of CDD requirements, their legal basis and detailed insight into best market practices of the financial sector.

What will i learn?

  • Explain the basics of money laundering and terrorism financing and the role of banks
  • Understand the legal framework and role of international organisations such as EU and FATF
  • Clarify the implications of the ‘3 Lines of Defence’ governance model
  • Explain the three parts of the KYC (Know Your Client) process 
  • Discuss the four steps taken in the Customer Due Diligence process 
  • Explain the rationale of the ‘client lifecycle’ approach to KYC
  • Assign a risk classification based client information received
  • Clarify the impact of several special topics such as sanctions on the KYC process. 
Requirements
Curriculum for this course
2 Lessons 45 mins
KYC & Client Due Diligence
1 Lessons 00:45:00 Hours
  • KYC & Client Due Diligence
    Preview 00:45:00
AML/CFT & Client Due Diligence
1 Lessons
  • KYC & Client Due Diligence
    Preview .
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About instructor
Includes:
  • 45 mins On demand videos
  • 2 Lessons
  • Access on mobile and tv
  • Full lifetime access