American CBM Association empowers professionals with world-class training and certifications in compliance, business management, and career development, supporting their journey towards excellence and growth.

Enroll Now

CDD in Correspondent Banking (CDD-CB) Overview

The Certified Due Diligence Specialist in Correspondent Banking (CDD-CB) certification equips professionals with the expertise to assess, manage, and mitigate compliance risks unique to correspondent banking relationships, ensuring adherence to international AML standards.

About The Program

The Certified Due Diligence Specialist in Correspondent Banking (CDD-CB) certification provides professionals with essential knowledge to manage the unique risks of correspondent banking relationships. It covers critical areas such as identifying and verifying correspondent banks, assessing their risk profiles, and ensuring compliance with international AML standards.

This certification equips participants with practical skills to monitor cross-border transactions, mitigate money laundering risks, and implement effective due diligence procedures. Ideal for compliance and risk professionals, the program ensures they can manage correspondent banking risks while adhering to global regulatory requirements.

Program Structure: Self-Paced Learning

Core Modules

Section 1: Introduction to Correspondent Banking

Chapter 1: Overview of Correspondent Banking
- Basic concepts and the role of correspondent banking in global finance
- Key relationships: Nostro and Vostro accounts
Chapter 2: Regulatory Frameworks and Compliance
- Overview of AML/CFT regulations and standards
- Key international regulatory bodies governing correspondent banking

Section 2: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

Chapter 3: Standard CDD Requirements
- Key data collection and verification for correspondent banks
- Understanding the correspondent’s business operations and risk profile
Chapter 4: Enhanced Due Diligence for High-Risk Banks
- Identifying beneficial owners and assessing the correspondent’s AML/CFT controls
- EDD application for high-risk jurisdictions or counterparties

Section 3: Risk Management and Ongoing Monitoring

Chapter 5: Transaction Monitoring and Red Flags
- Key aspects of monitoring correspondent banking transactions
- Identifying and managing suspicious activities and red flags
Chapter 6: Sanctions Compliance and Relationship Offboarding
- Conducting sanctions screening in correspondent banking
- Offboarding procedures and terminating high-risk relationships

Student Testimonials

The CDD-CB certification has been a game-changer for my career. It provided me with the knowledge and confidence to handle complex correspondent banking relationships, ensuring compliance with international regulations. The course was clear, concise, and full of practical insights that I could immediately apply at my organization

Sarah P

Compliance Officer

As a risk manager in the banking sector, the CDD-CB certification gave me a comprehensive understanding of the intricacies involved in correspondent banking. It helped me implement better due diligence processes and enhance transaction monitoring systems at my institution. This is a must-have certification for anyone dealing with cross-border banking.

James L

Risk Manager

The CDD-CB program was exactly what I needed to improve my skills in managing high-risk correspondent banking relationships. The focus on regulatory frameworks, transaction monitoring, and enhanced due diligence helped me strengthen our bank’s compliance efforts and minimize exposure to financial crime.

Aisha K

Senior AML Analyst

I highly recommend the CDD-CB certification for anyone in the banking or compliance industry. It covers all the critical areas, from CDD requirements to sanctions compliance, and has significantly improved how we handle correspondent banking partnerships. The course content is practical, detailed, and highly relevant.

Miguel S

Correspondent Banking Specialist

Customer Due Diligence in Correspondent Banking (CDD-CB)

Department Info

Department of Compliance Management

Contact:

comply@americancbm.org