The department of customer due-diligence offers a Certified Customer Due Diligence Specialist (CCDS) 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 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:
Introduction to Customer Due Diligence (CDD)
- Overview of CDD
- Legal and regulatory frameworks
- The importance of CDD in preventing financial crimes
KYC (Know Your Customer) Essentials
- Key components of KYC
- Identification and verification of customers
- Documentation requirements and methods
Customer Onboarding Process
- Best practices for onboarding
- Risk-based approach in customer onboarding
- Initial due diligence and customer profiling
Understanding Beneficial Ownership
- Identifying ultimate beneficial owners (UBOs)
- Challenges and solutions in identifying UBOs
- Reporting requirements
Section 2: Advanced CDD Practices and Risk Management
Chapters:
Enhanced Due Diligence (EDD) for High-Risk Customers
- Criteria for high-risk customers
- EDD procedures and documentation
- High-risk industries and geographies
Ongoing Monitoring and Periodic Reviews
- Techniques for ongoing customer monitoring
- Red flags and triggers for periodic reviews
- Updating customer information and profiles
Risk-Based Approach to CDD
- Risk assessment frameworks
- Customer risk rating models
- Mitigating risks through customer segmentation
Customer Offboarding Procedures
- When and how to offboard customers
- Compliance considerations in offboarding
- Case studies and best practices
Section 3: Regulatory Compliance and Emerging Trends
Chapters:
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
Sanctions and PEPs Screening
- Screening against sanctions lists and politically exposed persons (PEPs)
- Handling false positives and escalations
- Best practices in screening
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
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