Overview
On 6th March 2020, the FATF published official guidance recognising the need for CDD teams to acknowledge the requirement that organisations may need to onboard customers virtually. It has therefore never been more important to have robust controls and procedures in place to Know Your Customer (KYC). Adequate due diligence 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.
We have successfully created an engaging, practical and informative learning journey that is proven to work for virtual CDD teams onboarding in a virtual world.
This qualification has been designed for KYC Analysts and professionals at all stages in their career who manage risk in the Customer Due Diligence (CDD) process. The only professional qualification in practical CDD, it’s vital to understand the threat and mitigate the risk.
This course is awarded in association with Alliance Manchester Business School, the University of Manchester.
Course Schedule
Enrolment Deadline: 9 October 2023
After completion of this programme, you will be able to
- Articulate what constitutes succesful CDD across the three key outcomes of customer identification, acceptability of the relationship and creation of a structured KYC file
- Apply a risk based approach to CDD
- Define the key steps of the CDD process and how they support the detection of money laundering risks
- Distinguish the differences in identification, verification and certification
- Describe the criteria that make documentary evidence acceptable as an effective source of verification
- Conduct a complete identification of customer as well as profile the customer from commonly recognised types in CDD process
- Identify types of customer relationships, corresponding measures, role of the customer and establishing source of fund/wealth
- Discern relevant information for ongoing transaction monitoring
- Outcomes and success criteria of KYC
- Identification and verification
- Understanding the customer
- Understanding the relationship
- Beneficial ownership
- Understanding the control structure of the entity
- Customer screening
- Risk acceptance
- Enhanced due diligence
Download Course Syllabus
Not sure if this is right for you? Contact us at enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC
- Six month course assessed by three hour examination which comprises multiple choice questions and short form written response questions (including a section where you will be provided with a set of CDD documentation and asked to assess the information/respond to questions based upon them.)
- Pre-reading/exercises/tasks to be completed in advance of virtual classrooms, delivered via the online learning platform.
- Four compulsory virtual classrooms covering key areas and embedding them through discussions and practical exercises (workshops are compulsory as part of the exam is based on the case study used in the workshops). The innovative virtual classrooms exercises that use mock CDD documents, genuinely reflecting the practical issues encountered in the CDD environment.
Download Course Syllabus
Not sure if this is right for you? Contact us at enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC
This Advanced Certificate is open to anyone who is interested in pursuing a career in the discipline. However, the content of the programme requires students to possess:
- Access to a laptop or desktop computer with headphones and microphone in order to access the virtual format of the programme (cannot dial-in or use audio only)
- Sound educational background
- Good written English skills
This course is suitable for:
- Those engaged in practical CDD - 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
Not sure if this is right for you? Contact us at enquiries@int-comp.org or call 6500 0010 for a one to one course counselling. Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC
Upon completion of the ICA Advanced Certificate in Practical Customer Due Diligence, you are awarded:
- ICA Advanced Certificate in Practical Customer Due Diligence
This course is awarded in association with Alliance Manchester Business School, the University of Manchester.
SGD3,300 + GST
This course is eligible for Financial Training Scheme (FTS) funding.
This scheme is only available for company-sponsored individuals.
*MAS will enhance course fee subsidies up to 70% for locals attending accredited or recognised courses.
*Grant Cap of S$500 per participant per programme
Find out more about funding eligibility and details here.
*Terms and conditions apply
Program Highlights
Can this course be taught in-house?
If you have a training requirement for more than 15 employees, why not contact us to discuss delivering the training in-house at your firm? It’s the ideal way to maximise your budget, minimise disruption and tailor content to your specific needs.
Call our dedicated in-house training team at +65 6500 0010 or email clientservicesapac@int-comp.org.
Any questions?
Check out our Frequently Asked Questions (FAQs)
Call +65 6500 0010 or email enquiries@int-comp.org for further information.
Chat with us via Whatsapp @ +65 8660 5808 or Telegram @icaAPAC