Certified Due Diligence Specialist in High Net-Worth Individuals (CDD-HNWI)

The Certified Due Diligence Specialist in High Net-Worth Individuals (CDD-HNWI) certification is a highly regarded credential that equips professionals with specialized expertise in managing customer due diligence (CDD) for high-net-worth clients. This certification addresses the unique compliance and risk management challenges associated with HNWIs, emphasizing the importance of adhering to AML (Anti-Money Laundering) and KYC (Know Your Customer) standards. With a strong foundation in international regulations such as FATF and jurisdictional requirements, the CDD-HNWI certification prepares candidates to navigate the complexities of high-value client relationships. This program provides practical insights into regulatory standards, risk assessment techniques, and enhanced due diligence processes tailored to high-net-worth profiles. By earning the CDD-HNWI certification, professionals will demonstrate a sophisticated understanding of compliance practices specific to high-net-worth individuals, making them valuable assets to financial institutions, wealth management firms, and compliance teams. This program’s comprehensive approach enables candidates to effectively identify, assess, and mitigate financial crime risks associated with HNWIs, contributing to a more secure and compliant financial landscape.

Enrollment Procedure

Enrolling in any of our certifications is a seamless online process:

1. Visit the Enrollment Page
   Navigate to our website and select your desired certification 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 LMS.
4. Access Materials
   Gain full access to study resources in e-book format via the LMS within 3 hours of enrollment.
5. Final Exam
   • Attempt the online exam consisting of 50 MCQs in 40 minutes.
   • The passing score is 75%.
   • You are allowed two attempts to pass the exam. Additional attempts can be purchased for 25% of the certification fees.
6. Instant Certification
   Upon passing the exam, your certificate will be available immediately for download and sharing in the Profile Section.

Syllabus

Section 1: Understanding High Net-Worth Individuals and Regulatory Requirements

• Chapter 1: Profile of High Net-Worth Individuals (HNWIs)
  • Defining HNWIs and ultra-high-net-worth individuals (UHNWIs)
  • Wealth sources, financial profiles, and unique risk factors associated with HNWIs
  • Types of HNWIs (e.g., private investors, family offices, and high-profile clients)
• Chapter 2: Regulatory Frameworks and Compliance Standards
  • Overview of global AML/KYC standards applicable to HNWIs
  • FATF guidelines, tax transparency laws, and international regulatory expectations
  • Jurisdictional nuances and compliance obligations for managing HNWI clients

Section 2: Due Diligence Processes and Enhanced Risk Assessment

• Chapter 3: Customer Due Diligence (CDD) for HNWIs
  • KYC requirements specific to high-net-worth clients
  • Identification, verification, and documentation processes tailored to HNWIs
  • Enhanced due diligence (EDD) measures and source of wealth/ funds verification
• Chapter 4: Risk Assessment and Mitigation Strategies
  • Conducting risk assessments based on HNWI profiles and transactional behavior
  • Identifying high-risk indicators (political exposure, complex asset structures, etc.)
  • Developing and implementing risk-based strategies for HNWI relationships

Section 3: Advanced Compliance Practices and Continuous Monitoring

• Chapter 5: Ongoing Monitoring and Transaction Review
  • Implementing transaction monitoring frameworks for HNWI clients
  • Identifying and responding to red flags in HNWI transactions
  • Conducting event-driven reviews and periodic assessments
• Chapter 6: Documentation, Reporting, and Record-Keeping
  • Best practices for maintaining comprehensive records and audit trails
  • Regulatory requirements for reporting suspicious activities related to HNWIs
  • Documentation techniques to ensure compliance with evolving standards