Course level: Level 4 - Intermediate
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 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
While undertaking this qualification, you will study the following modules:
• 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
• 6-month course assessed by 2 written assignments (2,000 – 2,500 words)
• A mixture of guided online study and participation in live sessions:
- 1 x virtual classroom
- 1 x immersive learning scenario (putting you at the centre of a story)
- 2 x assessment preparation sessions
• Videos covering the latest industry developments and case studies
• Access to the ICA members’ portal containing additional reading and resources
• Proactive support throughout the course to help you stay on track
We have full syllabi available for all of our qualifications. Click here to download a syllabus for this course
In order to study for an ICA qualification, you will need to become a member of ICA. If you're not currently a member of the ICA, you will be required to register as an ICA student member.
Whether you are just starting out in your career, already hold an ICA qualification or are an experienced practitioner, there is a level appropriate for you and this will be activated at the same time as your course commences.
US$ 1895
Course fees stated exclude VAT or local tax where applicable
Membership Fee: $165* (Student membership)
*Payable unless you are already an ICA Member.
ICA qualifications, where stated, are awarded in association with Alliance Manchester Business School, the University of Manchester.
