It has never been more important to have robust controls and procedures in place to Know Your Customer (KYC). Adequate due diligence on new and existing customers is a key part of these controls. Without this due diligence, your firm can become subject to reputational, operational, legal and financial risks.

This qualification has been designed for KYC Analysts and professionals who manage risk in the Customer Due Diligence (CDD) process. The only professional qualification in practical CDD, this course will help you make sound judgements and pinpoint areas of potential risk.

Who is the course suitable for?

  • Those engaged in practical CDD – in an onboarding or remediation function
  • Contractors who wish to enter the CDD environment
  • Managers who oversee CDD teams
  • Those responsible for creating/developing CDD frameworks
  • New/recently appointed MLROs and deputies
  • Internal auditors assuming responsibilities for money laundering/financial crime issues
  • All individuals engaged who aspire to a career in anti money laundering

What will you learn?

  • Identification and Verification
  • Understanding the Customer
  • Establishing the nature of the relationship
  • Unravelling ownership structure/beneficial ownership
  • Who controls the customer?
  • Screening the customer/related parties
  • Money laundering risk factors and risk ratings
  • Enhanced Due Diligence (EDD)
  • Client classifications
  • CDD profiles and document management

Entry requirements

This course is open to anyone who is interested in furthering their CDD knowledge and skills. However, the content of the programme requires students to possess:

  • Sound educational background
  • Good written English skills

How and where can you study?

This six month course is being offered in London, Jersey and Guernsey in the following format:

  • Pre-reading/exercises/tasks to be completed in advance of workshops, delivered via the ICT learning platform
  • Three workshops complementing the written materials, covering key areas and embedding them through discussions and practical exercises
  • Innovative workshop exercises that use mock CDD documents, genuinely reflecting the practical issues encountered in the CDD environment
  • Three hour exam held at the end of the final workshop

How will you be assessed?

The course is assessed by a three hour examination which comprises multiple choice questions and short form written response questions (including a section where you will be provided with a set of CDD documentation and asked to assess the information/respond to questions based upon them.)

Can these courses be taught in-house?

An in-house option is available for firms putting a minimum of 7 people onto the course. Benefits include a reduction in price and the ability to include bespoke material in the course delivery.

What does it cost?

In order to study any ICA qualification you need to be a member of the ICA, joining an international professional community of thousands of like-minded individuals.  The fee for ICA Affiliate Membership is £97 payable to ICA* and includes your assessment and access to invaluable knowledge resources that will help with your course as well as many other member benefits and services (view the list of membership services and benefits that you’ll receive here http://www.int-comp.org/membership/member-benefits/ ). Become an Affiliate Member http://www.int-comp.org/become-a-member

The course fee is £1675 + VAT payable to ICT (ICA’s training provider).

Enrol online now http://www.int-comp.org/qualifications/enrol-online/

*unless you are a member of the ICA already.

The commencement date for this programme is 24 October 2016

Workshops London Tutor
Workshop One 22, 23 November 2016 DF/RG
Workshop Two 22, 23 March 2017 RG
Exam Date
Examination 27 April 2017

 

Workshops Jersey Guernsey Isle of Man
Workshop One 24 November 2016 (JF) 29 November 2016 (RG) 24 November 2016 (DF)
Workshop Two 09 March 2017 (JF) 14 March 2017 (RG) 16 March 2017 (RG)
Exam Dates
Examination 27 April 2017


The examination lasts 3 hours