Certificate in Know Your Customer and Customer Due Diligence

Enroll in this KYC/CDD Program and take your Anti-Financial Crime and KYC Compliance Career to the next level!

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Course Description

In today's international business landscape, KYC (Know Your Customer) is a significant element in the fight against financial crime and money laundering. KYC is required for many organizations and financial institutions—oftentimes by law—to establish the legitimacy of a customer’s identity and identify risk factors. KYC procedures help prevent identity theft, money laundering, financial fraud, terrorism financing, and other financial crimes. Non-compliance can incur heavy penalties.

Therefore, it has never been more important to have robust controls and procedures in place to Know Your Customer. Adequate Customer Due Diligence (CDD) on new and existing customers is a key part of these controls. Without this due diligence, your firm can become subject to reputational, operational, legal, and financial risks.

With this Certificate Program in KYC and CDD you will acquire the skills you need to progress your career and successfully manage KYC/CDD risks in a professional environment. This program provides comprehensive knowledge of KYC and CDD concepts; introduces CDD frameworks and an overview of the practical components of working within the KYC/CDD environment.

This program has been designed for KYC analysts and professionals at all stages in their careers who manage risk in the CDD and KYC process. It is eligible for both new and experienced professionals.

Undertaking KYC and CDD training prepares compliance teams to meet increasing regulator expectations and establishes a comprehensive baseline of knowledge in this area. This program will help you build extensive KYC/CDD expertise, so you can mitigate risks more effectively.

With this program, you have the opportunity to start an engaging, practical, and informative learning journey that is proven to work for KYC/CDD teams in a globalized world.

Program Overview

Learning Objectives

  • Gain a comprehensive understanding of KYC and CDD in a professional environment
  • Learn about relevant international bodies and standard-setters
  • Acquire an overview of relevant national regulation in different countries
  • Perform CDD and assess the customer information required to manage your risk
  • Manage high-risk clients and conduct risk-based escalation
  • Categorize your risk into customer, jurisdiction, product and channel risks
  • Review customers that are difficult to identify, including shell companies and UBOs
  • Identify customers that are high-risk for bribery, tax evasion and sanctions violations
  • Produce and maintain customer profiles and conduct ongoing due diligence
  • Perform identification and verification procedures
  • Learn to understand the customer relationship
  • Understand and identify beneficial owners
  • Understand the control structure of entities

TARGET AUDIENCE

  • Those engaged in practical KYC/CDD—for example, in an onboarding or remediation function
  • Contractors who wish to enter the CDD environment
  • Managers who oversee CDD teams
  • Those responsible for creating/developing CDD frameworks
  • New/recently appointed MLROs and deputies
  • Internal auditors assuming responsibilities for money laundering/financial crime issues
  • All individuals engaged who aspire to a career in anti-money laundering

REQUIREMENTS

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

LEARNING METHOD

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Structure

  • Module 1

  • Module 2

  • Module 3

  • Module 4

  • Module 5

  • Module 6

  • Module 7

  • Module 8

  • Module 9

Customer Due Diligence (CDD) and Know Your Customer (KYC) Fundamentals

  • Introduction to this Module
  • What is Customer Due Diligence (CDD)
  • What is Know Your Customer (KYC)?
  • Similarities and Differences between CDD and KYC
  • CDD/KYC and Financial Crime Prevention (AML/CTF)
  • Importance of CDD/KYC for Risk Management
  • Case Study: Regulatory Fines and Enforcement Actions relating to CDD/KYC Failures
  • Related Terms: CIP, KYC, KYB, KYE
  • Module Summary
  • Multiple-Choice Quiz

What You Will Get From This Course

In-Demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy and SSBM Swiss School of Business and Management Geneva.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

GLOBAL COMMUNITY

Get access to our exclusive LinkedIn group with 2,000+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Download the Course Syllabus

See what's inside this online course and get the program syllabus.

What our Course Participants are Saying

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I followed two online courses by Financial Crime Academy and they get a five-star rating by me. Their instructors speak good English and their manner of presenting is great. The downloads are very clear and useful.

Ruud Hamers Fraud, OSINT and KYC Investigator
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The Financial Crime Academy is a great institution to kickstart your foundational knowledge or improve your already existing knowledge of financial crime. The courses are straight forward and easy to understand. I will definitely get a lot out of this for my career.

Eki Yerin Compliance/Operations Coordinator
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The online training from Financial Crime Academy helped me to better understand risk management and corporate governance in the FinTech industry. The skills I have acquired are invaluable for risk management, and forensic investigations and helped me accelerate my career.

Kunle Taiwo Digital Forensics Detective and Investigator
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I have taken three courses from FCA. I have chosen FCA because they offered the most comprehensive and detailed program about the financial crimes-related topics available on the market. Thank you for your work! I am looking forward to new courses.

Anastasia Sabova Senior Financial Analyst
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As somebody trying to break into the Anti-Money Laundering field, I’ve found that the courses offered by Financial Crimes Academy have been great. The courses provide a simple, yet comprehensive overview of the various aspects of AML. Strongly recommended if you are looking to gain an introductory understanding or to strengthen what you already know.

Jeff Zuber AML / Fraud Investigator
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The course was very comprehensive, thorough and detailed, at the same time it was easy to understand. Excellent presentation of the lecturer. Highly recommend!

Anna Latiseva AML/KYC Officer

Tangible Career Impact

If you have been in the industry for years and want to polish your skills, or if you are just starting out and want to acquire comprehensive knowledge, this online training is for you. Accelerate your corporate risk management, compliance, and anti-financial crime career by acquiring in-demand skills with this on-demand training!

Accelerate your career by acquiring in-demand skills with this on-demand training.

Increase your knowledge and learn to effectively mitigate AML/KYC risk in a corporate AFC environment.

Obtain the course certificate to improve your resumé and get access to stellar opportunities.

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100% Risk-free Learning Experience

We are committed to delivering applicable educational programs to improve the knowledge, skills, and careers of professionals working in corporate risk management, compliance, and anti-financial crime. If you feel that an educational product you purchased did not live up to your expectations, we offer a 100% money-back guarantee for 30 days according to our Terms of Service! Just contact our customer support via live chat or email.

Is this Course for You?


Upon successful completion of the program, course participants will be awarded the Certificate in Know Your Customer and Customer Due Diligence by the Financial Crime Academy and the Swiss School of Business and Management Geneva.

Learn from seasoned Industry Experts


This Training is steered by the global FCA Advisory Board to ensure Educational Quality and Practical Relevance for Program Participants.

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Salih is a seasoned internal auditor and experienced fraud examiner with over 20+ years of professional experience. He has a wide range of industry experience including textile, iron and steel, petroleum, construction, FMCG, and retail industry. Salih has extensive experience in fields such as internal audit, risk management, internal controls, business process improvement, and organizational analysis.

Salih Ahmed Islam, CIA - Group Internal Auditor, Group Rocher

Anna has 10+ years of experience in communications and is a specialist at YouControl Academy — which has already educated more than 12,000 people around the world and is a cooperation partner of the Financial Crime Academy. Previously, Anna has worked in the Ukrainian Ministry of Justice, educating people on the importance of establishing democratic values in Ukraine.

Anna Opanasenko - Academy Manager, YouControl

Omer is an experienced senior auditor with a demonstrated history of working in the finance industry in the MENA region. Omer has worked for several of the "Big 4" accounting firms on matters of internal audit, external audit, corporate investigations, and others.

Omer Yousuf, ACCA, CAF - Audit Specialist, EY

Usman is an experienced compliance and risk management professional. In the past, he worked on projects related to regulatory compliance, risk management, finance, and internal audit. Usman specializes, in particular, in regulatory compliance, risk management, internal audit, policies and procedures, and SOP development.

Usman Zuberi - Senior Compliance Expert

Christiaan is a jurist, compliance counsel, and anti-financial crime specialist. Christiaan is uniquely experienced in international banking and in the dynamic global FinTech space across multiple jurisdictions.

Christiaan Vorster, CAMS - AFC Consultant, AlixPartners

Ahsan is an experienced Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) expert. Currently, Ahsan is responsible for matters of operational AML compliance and governance, working for a Canadian multinational banking and financial services company. He also holds an MBA degree and is a Certified Anti-Money Laundering Specialist (CAMS).

Ahsan Habib, MBA, CAMS - Senior Analyst, Scotiabank

Mario has over 20 years of professional experience in various senior management positions, working for several international corporations. Mario holds an MBA and obtained his Ph.D. at the University of St. Gallen. His research motivation focuses on the fields of information security, open-source software, and mobile. He is currently the Academic Director at the Swiss School of Business and Management Geneva (SSBM) and Postdoc at the University of St. Gallen.

Mario Silic, PhD, MBA - Academic Director, SSBM Geneva

William is a seasoned researcher at the Countering Wildlife Trafficking Institute, where he works to find solutions surrounding the global poaching crisis. William is highly skilled in analysis, feature engineering, and machine learning, which he leverages to analyze anti-poaching/wildlife trafficking and the convergence with transnational crime and global terror.

William Adams - Researcher, Countering Wildlife Trafficking Institute

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Frequently Asked Questions


Find answers to the questions most commonly asked by course participants and prospective students.

How do I enroll in the course?

On the pricing table, choose the option that is right for you and click on the "Enroll Now" button. Alternatively, click on the "Enroll Now" button on top of the page to directly enroll in the Standard option. After you have completed the purchase, you will be automatically enrolled in the course.

How can I pay for the course?

You can pay with a variety of different credit cards. The supported card brands include Visa, Mastercard, American Express, Discover & Diners, China UnionPay (CUP), and Japan Credit Bureau (JCB).

Are there any homework assignments?

There are no formally required homework assignments, although it is recommended that you repeat relevant study materials at your own pace.

Do I have to take an exam or a test?

You don't have to take an exam or test as part of this online training. You are, however, required to complete several multiple-choice questions as part of the course. The number of attempts is unlimited.

When will I get my Certificate? Does it expire?

You will get your official Certificate after you have completed all lessons of this course. The Certificate does not expire.

Who can attend? Are there prerequisites?

Prerequisites are rare and are identified in the syllabus for each course. Most courses start with the “Essentials” and work up to just the right depth for staff at all levels to apply to your specific programs and systems.

What is this course like?

This course is a self-paced video course that is structured in individual modules. The course also comprises multiple choice questions and you can complete the entire content at your own pace.

Is the course appropriate for my country/region?

The course is written and presented by subject matter experts working around the world. It pulls examples from many countries and is globally appropriate.

Is the course appropriate for my industry?

Yes, the lessons and examples are relevant to any industry.

What is your return/refund policy?

We offer a 30-Day Money-Back Guarantee on all our training programs. Terms apply.

Interested in Group Training & Certification?

Training 5 or more people? Contact our Sales Team for Special Rates.

On a Final Note

At Financial Crime Academy, we believe that education is the key to solving every challenge in the world. This is true especially for corporate risk management, compliance, and anti-financial crime. We are dedicated to delivering applicable educational programs to improve the knowledge, skills, and careers of professionals working in relevant functions. Altogether, I am certain that we can make a difference – Fighting financial crime with online education.