Certified Customer Due Diligence Specialist (CCDS)

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The department of customer due-diligence offers a CDD for Cryptocurrency (CDD-CRY) certification.

The Certified Customer Due Diligence Specialist (CCDS) certification equips professionals with in-depth knowledge and practical skills required to effectively perform customer due diligence, ensuring compliance with global regulatory standards.

About The Program

 

The Certified Customer Due Diligence Specialist (CCDS) certification provides comprehensive training in customer due diligence, covering critical processes such as customer onboarding, periodic reviews, and ongoing monitoring. Participants will gain a deep understanding of regulatory requirements and best practices, equipping them to effectively manage and mitigate compliance risks. Recognized across financial services and other regulated sectors, this certification helps professionals demonstrate their commitment to regulatory excellence.

The CCDS program also opens doors to career opportunities in compliance, risk management, and financial crime prevention. The certification is offered in a self-paced format, providing flexibility for candidates to study at their convenience, with an e-book included to support the learning process. This approach ensures that candidates can balance their professional responsibilities while gaining the necessary expertise to excel in their careers.

Program Structure: Self-Paced Learning

Core Modules

Section 1: Foundations of Customer Due Diligence

Chapters:

  1. Introduction to Customer Due Diligence (CDD)

    • Overview of CDD
    • Legal and regulatory frameworks
    • The importance of CDD in preventing financial crimes

  2. KYC (Know Your Customer) Essentials

    • Key components of KYC
    • Identification and verification of customers
    • Documentation requirements and methods

  3. Customer Onboarding Process

    • Best practices for onboarding
    • Risk-based approach in customer onboarding
    • Initial due diligence and customer profiling

  4. Understanding Beneficial Ownership

    • Identifying ultimate beneficial owners (UBOs)
    • Challenges and solutions in identifying UBOs
    • Reporting requirements

Chapters:

  1. Enhanced Due Diligence (EDD) for High-Risk Customers

    • Criteria for high-risk customers
    • EDD procedures and documentation
    • High-risk industries and geographies

  2. Ongoing Monitoring and Periodic Reviews

    • Techniques for ongoing customer monitoring
    • Red flags and triggers for periodic reviews
    • Updating customer information and profiles

  3. Risk-Based Approach to CDD

    • Risk assessment frameworks
    • Customer risk rating models
    • Mitigating risks through customer segmentation

  4. Customer Offboarding Procedures

    • When and how to offboard customers
    • Compliance considerations in offboarding
    • Case studies and best practices

Chapters:

  1. Global AML/CFT Standards and CDD Requirements

    • Overview of global AML/CFT standards (FATF, Basel III, etc.)
    • Regulatory requirements in different jurisdictions
    • Penalties for non-compliance

  2. Sanctions and PEPs Screening

    • Screening against sanctions lists and politically exposed persons (PEPs)
    • Handling false positives and escalations
    • Best practices in screening

  3. Technology in CDD and Compliance

    • The role of technology in streamlining CDD
    • AML software solutions and automation
    • The future of AI and machine learning in due diligence

  4. Emerging Trends in Financial Crime and CDD

    • Evolving risks: virtual currencies, fintech, and digital identities
    • Adapting CDD to emerging threats
    • Case studies on financial crime and due diligence

Student Testimonials

"The CCDS certification provided me with a thorough understanding of customer due diligence, and the self-paced format made it easy to balance with my job. It’s been instrumental in advancing my career in compliance."

Emma E
Compliance Manager

 

"The CCDS certification's self-paced structure allowed me to learn at my own pace, and the knowledge I gained has significantly boosted my career in compliance."

Zent K
Sanction Specialist

"Completing the CCDS certification enhanced my understanding of due diligence, and the flexible learning format made it easy to fit into my busy schedule."

Samantha W
KYC Manager

"The CCDS certification provided valuable insights into customer due diligence, and the flexibility of the program made it easy to achieve my career goals."

Glenie E
Screening Officer
Certified Customer Due Diligence Specialist (CCDS)
Course Curriculum
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Department Info

Department of Customer Due Diligence

Contact:

comply@americancbm.org

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