Customer Due Diligence: The Safety Measures Explained
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Customer Due Diligence: The Safety Measures Explained

KYC, CDD, EDD & AML Risk Inclusive
New
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
4 students enrolled
Created by g-Log Consult
Last updated 9/2017
English
English [Auto-generated]
Current price: $10 Original price: $50 Discount: 80% off
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Includes:
  • 1 hour on-demand video
  • 2 Articles
  • 2 Practice Tests
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
What Will I Learn?
  • Understand what Due Diligence is, the different types of AML due diligence
  • Pros and Cons of observing and not observing due diligence
  • Able to formulate an excellent KYC/CDD strategy
  • How to design a standard KYC/CDD Policy
  • How to risk profile customers, transactions and regions according to AML principles....
View Curriculum
Requirements
  • You should have a basic understanding of customer identification and acceptance
  • You should have basic AML Knowledge
Description

This is a three topic course compressed into a three-part module course plus one making it four (4) courses. These will extensively address the following

  1. What KYC is, as defined extensively
  2. Why KYC is necessary, why financial institutions like banks, insurance companies and others are easy AML targets
  3. Learn the importance of KYC as advised by local and international  standard setters 
  4. What KYC aims to achieve. Why financial institutions must go beyond just identifying their customers to familiarising themselves. Why this is necessary. Learn also about the KYC guide
  5. Under CDD, we will define CDD, and draw a line between KYC and CDD. We will also explain why CDD is Importance and what best standards are available
  6. Enhanced Due Diligence- what is it all about and when is it applied, how do you de-escalate enhanced risk etc
  7. Learn about record keeping and its relevance to CDD/EDD processes. What financial records are expected to be kept etc
  8. We will examine the essentials of a proper KYC/CDD strategy and why we need to have a good strategy in place
  9. And lastly, we will examine AML risks in details - Region, Product, Customer Transaction.
Who is the target audience?
  • Anyone in customer relations, operations, management, compliance, front office staff, bank tellers, HR
  • Students, financial institution interns, new hires
Compare to Other Customer Due Diligence Courses
Curriculum For This Course
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Course Overview - Video
1 Lecture 10:34

This is the course overview. Have a feel of the full course, and at the end if you are interested in designing a KYC/CDD Policy for your company or  just for the fun of it, we will be glad to mentor you. The course is broken into four parts for better understanding, however the last part will require additional attention because of the length and information. Hope you enjoy the course and all the best.

Preview 10:34
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KYC - Know Your Customer
2 Lectures 12:31
KYC-Know Your Customer
12:24

Explain what you have learnt about KYC 

Quiz 1 KYC - Know Your Customer
3 questions

Article- Understanding KYC
00:07
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CDD - Customer Due Diligence
2 Lectures 08:10
CDD -Customer Due Diligence
08:10

Quiz 2 - CDD
3 questions

A thorough understanding of what is expected when you need direction on how to go about conducting Customer Due Diligence is key. Read a one (1) page of steps to take from the FATF Recommendations and Basel Committee on Banking Supervision -" Customer due diligence for banks" 

Preview 00:00
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EDD - Enhanced Due Diligence
1 Lecture 10:05
EDD - Enhanced Due Diligence
10:05

Analysing the importance of Identifying the type of clients you as a financial institution want to have
Enhanced Due Diligence
2 questions
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AML Risk
1 Lecture 16:48
What is AML Risk
16:48
About the Instructor
g-Log Consult
3.1 Average rating
4 Reviews
15 Students
3 Courses
gE-Learn

A course designed by Samuel Aremu in partnership with g-Log Consult. He is a Certified Anti-Money Laundering Specialist (CAMS) with Postgraduate degrees in Intelligence, Law Enforcement and Criminal Justice.  Mr. Samuel has been a driver in the AML/CFT regime in Nigeria and West Africa. He has trained and mentored over 700 students, law enforcement officers, financial and intelligence analysts, and staff of Financial and Designated Non-Financial businesses in Nigeria, Ghana, Senegal, Togo, South Africa among others.

g-Log Consult specialise in Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT), background checks / staff vetting, regulatory compliance, tax matters, financial crimes, fraud, audit, corporate governance and ICT consulting among other subjects of interest.