Certified Due Diligence Specialist in High-Risk Customers (CDD-HRC) Overview
The Certified Due Diligence Specialist in High-Risk Customers (CDD-HRC) certification equips professionals with the expertise to evaluate, monitor, and mitigate compliance risks associated with high-risk customer relationships, ensuring alignment with international AML and KYC standards.
About The Program
The Certified Due Diligence Specialist in High-Risk Customers (CDD-HRC) certification equips professionals with essential skills to assess and manage the unique compliance risks associated with high-risk customer relationships. This certification focuses on AML (Anti-Money Laundering) and KYC (Know Your Customer) standards, enabling professionals to conduct enhanced due diligence and ensure compliance with global regulations.
Candidates learn practical approaches to customer profiling, identifying beneficial ownership, and monitoring high-risk accounts. By achieving the CDD-HRC certification, professionals demonstrate their ability to safeguard their institutions against financial crime and regulatory risks in high-risk customer relationships.
Program Structure: Self-Paced Learning
Core Modules
Section 1: Introduction to High-Risk Customers and Regulatory Standards
Chapter 1: Understanding High-Risk Customers
- Overview of high-risk customer categories (PEPs, NPOs, HNWIs, etc.)
- Criteria for categorizing customers as high-risk
Chapter 2: AML and KYC Regulations for High-Risk Customers
- Key AML/KYC standards applicable to high-risk customers
- Overview of FATF guidelines, sanctions compliance, and global regulations
Section 2: Enhanced Due Diligence (EDD) for High-Risk Customers
Chapter 3: Standard and Enhanced Due Diligence Requirements
- Core data collection and verification for high-risk customers
- Enhanced due diligence (EDD) process, including UBO identification
Chapter 4: Ongoing Monitoring and Risk Assessment
- Transaction monitoring and identifying suspicious activities
- Regular reviews and risk assessments specific to high-risk customers
Section 3: Risk Mitigation and Compliance Management
Chapter 5: Managing Sanctions and Adverse Media
- Conducting sanctions screening for high-risk customers
- Handling adverse media and integrating findings into risk assessments
Chapter 6: Reporting and Documentation
- Reporting suspicious activities and meeting regulatory obligations
- Record-keeping and documentation requirements for high-risk customer due diligence