Customer Due Diligence (CDD) Training Course

Name: Customer Due Diligence (CDD) Training Course
Rating: 4.9 (550 reviews)

Establish a sound risk-based customer due diligence process in your company

This CDD training course equips you with the knowledge to develop a risk-based due diligence process that safeguards your business. The course is available in 70+ languages, and translation support is provided if you need it in an additional language. Learn how to effectively assess and know your customers to mitigate risks like anti-money laundering and terrorist financing. This customer due diligence training course also covers best practices for creating and implementing customer due diligence strategies to ensure compliance and security.

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What's Covered in This Course?

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Course Outline

This customer due diligence (CDD) training course includes:

#1 Course Overview

#2 The Meaning of Know Your Customer

Know Your Customer (KYC)
Customer Identification Program (CIP)
Customer Due Diligence (CDD)
Risk-Based Approach (RBA)
Enhanced Due Diligence (EDD)
Who Requires Enhanced Due Diligence?
Challenges in Implementing KYC
Examples of Static Profiling
Test Your Knowledge

#3 Onboarding a Customer

Onboarding Requirements
Test Your Knowledge

#4 International Standards for Formulating CDD Strategies

Financial Action Task Force (FATF) Recommendations
Sanctions Lists & Screening
Sanctions - United Nations Security Council
Sanctions – US Treasury Department – Office for Foreign Assets Control (OFAC)
Sanctions – European Union
Screening on Sanction Lists
Adverse Media Screening
Test Your Knowledge

#5 Automated Vs. Manual KYC

#6 Final Thoughts

Final Assessment

#7 Helpful Resources

Course Feedback

About the Instructor

Dimitar Pop-Georgiev

Dimitar Pop-Georgiev holds the titles of Bachelor of Law and Master of Business Law. He has passed the CAMS Certification within the Association of Certified Anti-money Laundering Specialists (ACAMS) in Luxembourg (Reference No. ER-000090065).

Dimitar Pop-Georgiev has been working in the area of Compliance & AML in the banking industry for five years, serving as Compliance Associate in the biggest retail bank in the Republic of North Macedonia and serving as a Head of Compliance in a small commercial bank.

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