ICA Advanced Certificate in Practical Customer Due Diligence


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 engagingpractical 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.

 

Who is this course suitable for?

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

 

What will you learn?

  • 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

 

Course Format

  • 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 workshops, delivered via the online learning platform. 
  • Four compulsory workshops 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 workshop exercises that use mock CDD documents, genuinely reflecting the practical issues encountered in the CDD environment.

  • One free exam resit

 

Upon completion, you will be awarded:

  • ICA Advanced Certificate in Practical Customer Due Diligence

Download the syllabus here

 

*FTS-Eligible

This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles.
The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS claims may only be made for recognised programmes with specified validity period. Please refer to www.ibf.org.sg for more information.

Please refer to www.ibf.org.sg for more information.

 

Course Fee

SGD3,300 + 7% GST

 

Funding

This course is eligible for Financial Training Scheme (FTS) funding. Find out more about funding eligibility here.


*
MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95%.

Read more about the enhanced funding details.

 

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 studentadmin@int-comp.com.

 

ENQUIRIES

Call +65 6500 0010 or email us at studentadmin@int-comp.com.

 

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Phone: +65 6500 0010

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© 2019 International Compliance Training Academy Registration number: 200706149E Period of registration: 12/03/2017 - 11/03/2021