AGRC Certificate in KYC/CDD

On this accelerated AGRC Certificate in KYC/CDD course, you'll gain an understanding of the necessary tools, information, and skills to become an in-demand professional for organizations looking to strengthen their client onboarding process.

This certificate will provide participants with comprehensive knowledge of the KYC and CDD procedures and tools required to assess client risk and comply with a wide variety of global AntiMoney Laundering (AML) and Counter-Terrorist Financing (CFT).

In just 2 days, you'll also gain:

• Comprehensive knowledge of the KYC and CDD procedures and tools required to assess client risk and comply with a wide variety of global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulations.
• Via the use of seven case studies, a solid and practical understanding of how to effectively manage the risk posed by potential clients and avoid doing business with criminals, terrorists and Politically Exposed Persons (PEPs).
• The necessary tools and information to hone your skills as an AML and Compliance professional working for a bank, investment company or fund, financial services provider or law firm.
• Understand the importance of adopting effective KYC and CDD policies and procedures
• Be able to review international guidance on the essential elements of KYC standards and their regulatory framework
• Be able to set up and maintain a solid and comprehensive CDD programme
• Assess the many levels of due diligence that can be applied by an organization
• Deal with higher risk situations and cases in a more effective and productive manner

At the end of this course, you'll achieve your AGRC Certificate in KYC/CDD 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 course is ideal for professionals looking to build a career in governance, risk and compliance, including working in functions that focus on AML, financial crime prevention, risk management, customer onboarding and more.

Module 1: Business-Wide Risk Assessment

• Understand the importance of a business-wide risk assessment.
• Explain the main elements of a business wide risk assessment.
• Apply the risk-based approach to a business-wide risk assessment.
• List and describe the FATF 40 recommendations.
• Identify inherent risk, apply internal AML controls, and calculate residual risk.
• Apply risk management to an organisation.

Module 2: The AML Program

• Understand the importance of AML governance.
• Understand the role of the Board of Directors, the Compliance Officer, and the Internal Auditor.
• Define the most important aspects of employee training.
• Identify and interpret the Basel approach to KYC and CDD.

Module 3: Customer Risk Assessment

• Define and explain the risk-based approach.
• Use the risk-based approach in individual customer risk assessments.
• Understand the main types of CDD.
• List and explain the international standards for implementing CDD.

Module 4: CDD Considerations

• Understand the Basel approach to CDD.
• Apply best practices to client onboarding and monitoring.
• Recognise and describe the key elements of an effective KYC programme.
• Understand what is outsourcing and relevant agency agreement.
• Demonstrate how technology can support KYC and CDD efforts.

Module 5: CDD Application

• Define how CDD is applied within an organisation.
• Describe the CDD to be applied to natural persons.
• Explain the CDD to be applied to legal persons and arrangements.
• Use appropriate CDD on existing customers.

Module 6: CDD for Politically Exposed Persons (PEPs)

• Define and interpret the different types and cases of PEPs.
• Identify sources of information relating to PEPs.
• Understand EDD measures to different types of PEPs.

Module 7: CDD in Other High-Risk Situations

• Understand correspondent banking.
• Execute CDD on a correspondent relationship.
• Identify cases where EDD is required.

Module 8: Case Studies in AML CDD

• Recognise instances under which there are insufficient and unsatisfactory KYC processes and procedures.
• Identify transactions being made by complex structures or a fraudulent investment company.
• Interpret transactions of a vague nature and with no business substance.

There are no prerequisites for this accelerated course.

At the end of this accelerated course, you'll sit the following exam at the Firebrand Training Centre, covered by your Certification Guarantee:

AGRC Certificate in KYC/CDD exam

• Duration: 60 Minutes
• Format: Multiple-choice questions
• Number of questions: 40
• Passing score: 70% (70/100)