ACAMS: Certified Know Your Customer Associate (CKYCA)

This accelerated ACAMS Certified Know Your Customer Associate (CKYCA) Certification exam-based certification equips organizations with the means to ensure their front line and operations teams
meet the core competencies involved with Know Your Customer (KYC) and Customer Due Diligence (CDD) activities.
CKYCA will set you apart by certifying your role, based on a new global benchmark developed by the association that created CAMS, the gold standard in anti-money laundering compliance. ACAMS’ mission is to prevent financial crime, and KYC/CDD is among the most important undertakings in this endeavour. By ensuring these early career professionals have demonstrated essential competencies in customer onboarding, those certified with CKYCA can help prevent potential illicit actors from accessing an institution’s services. We believe we can assist institutions to reduce financial crime risks by outlining what personnel in KYC/CDD roles should know, by equipping them with relevant training materials, and by enabling them to demonstrate their competency

In just 2 days, you’ll learn learn how to perform fundamental KYC/CDD/EDD activities, and when to escalate cases. You’ll also learn how to:

• Ensure your front line and operations teams meet the core competencies involved with know your customer (KYC)
• Customer due diligence (CDD), and enhanced due diligence (EDD) activities.
• Identify and verify the customer
• Screen the customer
• Rate the customer’s risk
• Perform Enhanced Due Diligence
• Create a customer profile

At the end of this course, you’ll sit the ACAMS exam, and achieve your ACAMS Certified Know Your Customer Associate (CKYCA) Certification certification. Through Firebrand’s Lecture | Lab | Review methodology, you’ll get certified at twice the speed of the traditional training and get access to courseware, learn from certified instructors, and train in a distraction-free environment.

Audience

• This CKYCA course is ideal for:
• Those responsible for onboarding clients, conducting periodic reviews, and updating customer profiles.
• The Certified Know Your Customer Associate Certification is ideal for early career professionals who are working in, or wish to work in, KYC/CDD roles:
• KYC Analyst
• KYC/CDD Analyst
• KYC Onboarding Analyst
• KYC Representative
• KYC Team Lead
• Client/Customer Onboarding Analyst
• Client/Customer Onboarding Specialist
• AML Prevention Representative

Module 1: Customer Identification and Verification 20%

• Assess the information needed by determining customer type, then research sources as needed to complete gaps
• Complete appropriate verification procedures
• Assess nature and purpose of the account, with particular attention to shell companies and tax compliance
• Identify ultimate beneficial ownership (UBO) and connected/third parties
• Review and re-consider existing information based on account activity

Module 2: Customer Risk Rating 20%

Evaluate customer risk based on core risk categories (customer, product, country, channel)

• Recognize and explain key red flags that could signal money laundering, sanctions evasion, bribery/ corruption, tax evasion, etc.
• Analyse risk of assets under management
• Assess risk scoring against company risk assessment/risk appetite and escalation requirements.

Module 3: Customer Screening 15%

• Screen for sanctions compliance
• Explore primary and secondary sources for customer information (including adverse media) and assess reliability and relevance of information
• Distinguish between material and immaterial hits coming from sanctions checks and transaction monitoring, then validate as appropriate

Module 4: Enhanced Due Diligence 30%

• Identify and obtain details of source of wealth
• Examine complex ownership structures for ultimate beneficial ownership (UBO)
• Determine based on evidence of risk level whether to recommend retaining, terminating customer, or escalating for further enhanced due diligence (EDD)
• Perform account activity reviews

Module 5: Customer Profile Documentation and Presentation 15%

• Apply data privacy requirements and explain ramification of data errors
• Present effectively crafted profiles with objectivity and precision
• Create an audit trail
• Review/update customer profile based on periodic review or event triggers.

At the end of this accelerated course, you’ll sit the following exam at the Firebrand Training centre, covered Certification Guarantee:

ACAMS Certified Know Your Customer Associate (CKYCA) Certification exam

ACAMS certifications are all exam-based and created using objective psychometric practices to provide a validated benchmark of knowledge.

• Duration: 90 minutes
• Format: multiple choice questions
• Number of questions: 60 multiple choice questions
• Passing score: minimum of 72% of the scored questions correctly

There are no prerequisites for this accelerated course.

Your accelerated course includes:

• Accommodation *
• Meals, unlimited snacks, beverages, tea and coffee *
• On-site exams **
• Exam vouchers **
• Practice tests **
• Certification Guarantee ***
• Courseware
• Up-to 12 hours of instructor-led training each day
• 24-hour lab access
• Digital courseware **

* For residential training only. Accommodation is included from the night before the course starts. This doesn't apply for online courses.
** Some exceptions apply. Please refer to the Exam Track or speak with our experts.
*** Pass first time or train again free as many times as it takes, unlimited for 1 year. Just pay for accommodation, exams, and incidental costs.

Seven reasons why you should sit your course with Firebrand Training

• Two options of training. Choose between residential classroom-based, or online courses
• You'll be certified fast. With us, you’ll be trained in record time
• Our course is all-inclusive. A one-off fee covers all course materials, exams**, accommodation* and meals*. No hidden extras.
• Pass the first time or train again for free. This is our guarantee. We’re confident you’ll pass your course the first time. But if not, come back within a year and only pay for accommodation, exams and incidental costs
• You’ll learn more. A day with a traditional training provider generally runs from 9 am – 5 pm, with a nice long break for lunch. With Firebrand Training you’ll get at least 12 hours/day of quality learning time, with your instructor
• You’ll learn faster. Chances are, you’ll have a different learning style to those around you. We combine visual, auditory and tactile styles to deliver the material in a way that ensures you will learn faster and more easily
• You’ll be studying with the best. We’ve been named in the Training Industry’s “Top 20 IT Training Companies of the Year” every year since 2010. As well as winning many more awards, we’ve trained and certified over 135,000 professionals

*For residential training only. Doesn't apply for online courses
**Some exceptions apply. Please refer to the Exam Track or speak with our experts

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