CKYCA ACAMS Certification | 2-day course

Overview

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

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Benefits

Other accelerated training providers rely heavily on lecture and independent self-testing and study.

Effective technical instruction must be highly varied and interactive to keep attention levels high, promote camaraderie and teamwork between the students and instructor, and solidify knowledge through hands-on learning.

Firebrand Training provides instruction to meet every learning need:

Intensive group instruction
One-on-one instruction attention
Hands-on labs
Lab partner and group exercises
Question and answer drills
Independent study

Think you are ready for the course? Take a FREE practice test to assess your knowledge!

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Curriculum

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.

Exam Track

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

What's Included

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.

Prerequisites

There are no prerequisites for this accelerated course.

Unsure whether you meet the prerequisites? Don’t worry. Your training consultant will discuss your background with you to understand if this course is right for you.

Reviews

Here's the Firebrand Training review section. Since 2001 we've trained exactly 134561 students and asked them all to review our Accelerated Learning. Currently, 96.41% have said Firebrand exceeded their expectations.

Read reviews from recent accelerated courses below or visit Firebrand Stories for written and video interviews from our alumni.

"Training was very good, explanation was very clear and teacher detailed a lot, so for a 3 day course and to have a first understanding of POWER BI is good."
Rosanna Seerattan Cruz, JTI. (19/3/2024 (Tuesday) to 21/3/2024 (Thursday))

"The instructor and the structure of the course were very clear."
EK, JTI. (19/3/2024 (Tuesday) to 21/3/2024 (Thursday))

"CEH is a very hard training, but it's doable thanks to the friendly employees at Firebrand and the accommodations."
Kas Ramjiawan, ITQM. (4/3/2024 (Monday) to 8/3/2024 (Friday))

"Heavy stuff! Long days and almost no time for some leisure or preparing for exam... I thought there was more hands-on training involved."
MR. (4/3/2024 (Monday) to 8/3/2024 (Friday))

"The course was well structured and concise with a knowledgeable and personable instructor. I will recommend Firebrand courses to all colleagues"
LT. (6/3/2024 (Wednesday) to 8/3/2024 (Friday))

Course Dates

Start	Finish	Status	Location
19/2/2024 (Monday)	20/2/2024 (Tuesday)	Finished - Leave feedback	-
24/6/2024 (Monday)	25/6/2024 (Tuesday)	Wait list	Nationwide
5/8/2024 (Monday)	6/8/2024 (Tuesday)	Limited availability	Nationwide
16/9/2024 (Monday)	17/9/2024 (Tuesday)	Open	Nationwide
28/10/2024 (Monday)	29/10/2024 (Tuesday)	Open	Nationwide
9/12/2024 (Monday)	10/12/2024 (Tuesday)	Open	Nationwide

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ACAMS - Certified Know Your Customer Associate (CKYCA) Certification