Certified Due Diligence Specialist in Correspondent Banking (CDD-CB)

Certified Due Diligence Specialist in Correspondent Banking (CDD-CB)

The Certified Due Diligence Specialist in Correspondent Banking (CDD-CB) certification is a globally recognized certification designed for compliance professionals seeking specialized expertise in managing Customer Due Diligence (CDD) within correspondent banking relationships. This certification addresses the complex compliance, regulatory, and risk management challenges associated with cross-border banking activities, emphasizing adherence to AML (Anti-Money Laundering) and KYC (Know Your Customer) frameworks.

With a strong foundation in international regulatory standards, including those established by the Financial Action Task Force (FATF), Basel Committee on Banking Supervision (BCBS), and other global authorities, the CDD-CB program prepares candidates to identify, assess, and mitigate financial crime risks inherent to correspondent banking.

Participants will gain practical insights into regulatory expectations, enhanced due diligence processes, transaction monitoring techniques, and sanctions compliance specific to correspondent banking operations. By earning the CDD-CB certification, professionals will demonstrate advanced proficiency in managing correspondent relationships, ensuring compliance with international AML/CFT obligations, and safeguarding institutions against reputational and regulatory risks.

This program’s comprehensive and applied approach enables candidates to effectively conduct CDD and EDD for respondent banks, evaluate AML control frameworks, and implement sustainable risk-based monitoring systems—making them highly valued assets to banks, financial institutions, and regulatory bodies worldwide.

Enrollment Procedure

Enrolling in the CDD-CB Certification is a seamless online process:

1. Visit the Enrollment Page
   Navigate to our website and select the Certified Due Diligence Specialist in Correspondent Banking (CDD-CB) program.

2. Register for the Course
   Click “Take This Course” and complete the registration form with your details.

3. Payment
   Make a secure payment through our gateway to access the course materials and Learning Management System (LMS).

4. Access Materials
   Gain full access to all study resources—including detailed e-book and pre-recorded video lessons—within 3 hours of enrollment.

5. Final Exam
   Attempt the online final exam consisting of 50 multiple-choice questions (MCQs) to be completed in 40 minutes.

   • Passing Score: 75%

   • Attempts Allowed: 2

   • Additional attempts may be purchased at 25% of the certification fee.

6. Instant Certification
   Upon passing the exam, your certificate will be instantly available for download and sharing in your Profile Section.

Syllabus

Section 1: Understanding Correspondent Banking and Regulatory Frameworks

Chapter 1: Fundamentals of Correspondent Banking

• Definition and core functions of correspondent banking

• Role of correspondent banking in facilitating international financial flows

• Key account types: Nostro and Vostro accounts

• Importance of cross-border financial relationships

Chapter 2: Global Regulatory Frameworks and Compliance Standards

• Overview of AML/CFT regulations applicable to correspondent banking

• FATF recommendations, Basel Committee principles, and Wolfsberg Group guidelines

• Jurisdictional compliance obligations for cross-border correspondent relationships

• Regulatory expectations for transparency, ownership, and accountability

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

Chapter 3: Standard CDD Requirements for Correspondent Banks

• Identification and verification of correspondent institutions

• Assessing the nature, purpose, and legitimacy of the correspondent’s business

• Review of ownership structures, licensing, and regulatory supervision

• Due diligence on respondent banks and their AML/CFT frameworks

Chapter 4: Enhanced Due Diligence (EDD) for High-Risk Relationships

• Identifying high-risk jurisdictions, politically exposed correspondents, and shell banks

• Evaluating the adequacy of respondent bank controls and policies

• Conducting EDD for nested relationships and indirect correspondent access

• Managing documentation, questionnaires, and risk-based decisioning

Section 3: Risk Management, Monitoring, and Sanctions Compliance

Chapter 5: Transaction Monitoring and Detection of Red Flags

• Implementing transaction monitoring frameworks specific to correspondent banking

• Identifying red flags such as unusual payment corridors and layered transactions

• Integrating automated monitoring tools and manual review procedures

• Escalation and investigation of suspicious transactions

Chapter 6: Sanctions Screening, Reporting, and Relationship Offboarding

• Managing sanctions risk in correspondent banking (OFAC, EU, UN, etc.)

• Effective screening of counterparties and payment messages (SWIFT, wire transfers)

• Reporting obligations and regulatory notifications

• Procedures for offboarding and terminating high-risk relationships

By completing the CDD-CB Certification, candidates will possess a comprehensive understanding of correspondent banking compliance, enabling them to strengthen institutional due diligence frameworks, ensure global regulatory alignment, and mitigate the evolving financial crime risks in international banking operations.