Understanding Customer Due Diligence (CDD) requirements

Professional Development

Overview

Effective Customer Due Diligence (CDD) is essential in the management of the risks involved in facilitating financial crime. This course will explore the legal and regulatory requirements around Know your Customer (KYC) and CDD. The seminar will explore best practice in acquiring the correct documentation and dispel CDD myths. With an emphasis on understanding source of wealth, source of funds and appropriate record keeping, this course will help delegates feel confident about their requirements under the law.


Suitable For

All Staff

2 CPD hours
2 hours
Guernsey

This session has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Understand the legal requirements in respect of KYC and CDD
  • Be more confident in understanding the risk based approach and how to apply it
  • Appreciate the important of CDD and EDD and the implications of ineffective CDD leading to legal and/or regulatory action

SESSION CONTENT


  • What is CDD?
  • Why is CDD required?
  • Regulatory requirements
  • How do we undertake effective CDD?
  • Enhanced Due Diligence (EDD)
  • Wider CDD and risk considerations
  • Case studies