On 23rd May 2017, The Wolfsberg Group has recently, published updated guidance on how Financial Institutions (FIs) should handle politically exposed persons (PEPs) and the money laundering risks around this. This updates the original guidance given in 2003 and 2008.
How can ICT help?
The ICA Certificate in KYC and CDD provides a foundation knowledge of core know your customer (KYC) and customer due diligence (CDD) concepts, an introduction to CDD frameworks and an overview of the key components of working in the KYC environment.
The ICA Advanced Certificate in Practical Customer Due Diligence has been designed for KYC Analysts and professionals who manage risk in the Customer Due Diligence (CDD) process. The only professional qualification in practical CDD, this course will help you make sound judgements and pinpoint areas of potential risk.