AGRC Fundamentals of Know Your Client (KYC) and Customer Due Diligence (CDD)

One of the most significant risks for financial institutions is inadvertently becoming complicit in money laundering, where illegitimate funds are moved through legitimate institutions. To address this risk, organizations increasingly rely on robust Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures as a cornerstone of their Anti-Money Laundering (AML) strategies.

KYC and CDD processes are critical for identifying and managing risks posed by potential and existing customers. These procedures protect institutions from engaging with criminals, terrorists, Politically Exposed Persons (PEPs), and other high-risk individuals or entities. KYC/CDD also ensures that customer actions are regularly reassessed to mitigate risks associated with evolving circumstances.

This course offers essential knowledge for implementing and maintaining KYC/CDD processes, focusing on identifying customer identities, monitoring their financial activities, and addressing AML and Counter-Terrorist Financing (CFT) risks.

Course Content

• An Introduction to KYC and Customer Due Diligence (CDD)
  Understand the core principles and objectives of KYC and CDD, including their role in safeguarding financial institutions.
• The Value of Customer Due Diligence (CDD)
  Learn how CDD protects organizations by identifying and assessing customer risks, enabling effective decision-making.
• CDD: Establishing and Maintaining a Strong CDD Programme
  Explore the best practices for designing, implementing, and maintaining robust CDD programs that meet legal and regulatory requirements.

Training Duration

This course is designed to be completed in approximately five (5) hours. However, actual study time may vary depending on the learner’s pace and prior knowledge of the subject.

Who Should Enroll?

This course is ideal for:

• Compliance and AML managers in banks, investment firms, and investment funds
• ASPs, trust service corporate providers, and lawyers
• Professionals seeking to enhance their knowledge of KYC/CDD processes and AML compliance

Training Method

The course is delivered online in a flexible, self-paced format, allowing learners to:

• Start, stop, and resume their training at any time
• Access video presentations and comprehensive reading materials
• Complete a final quiz to earn a Certificate of Completion

Accreditation and CPD Recognition

This course is developed by the Association of Governance, Risk and Compliance (AGRC), a globally recognized GRC certification organization.

• Accredited for five (5) CPD units approved for financial regulation training.
• Recognized by institutions such as CISI and ACAMS for CPD units related to general financial training.

Eligibility for CPD units is subject to verification by your association, regulator, or membership body.

Registration and Access

Register easily by:

1. Clicking the “Register” button above to pay online and receive instant access.
2. For group purchases, creating or using individual profiles before finalizing payment.

Access Details:

• Course access is valid for 365 days.
• For corporate group rates or invoice-based payments, contact us at info@comply.academy.

Corporate and Group Training

Looking to train your team? Contact us at info@comply.academy to discuss customized corporate packages and group rates.

Take the First Step

Enroll today to master KYC and CDD processes, strengthen your AML compliance expertise, and protect your organization against financial crime risks.