___SEMINARS
Training Seminars
SEMINAR 2
The essentials of KYC & CDD
Location: Live Online
CPD Units: 6
Duration: 6hrs
Language: Greek or English
Instructor: Nicolas Poumpourides
Start date: Please contact us for more information​
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Cost (with/without HRDA subsidy):
€60-€180
Course Description - Aims of the seminar:
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Understand the relevant national and international regulations.
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Identify and categorize different types of customers.
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Recognize the necessary documentation for KYC and CDD.
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Assess and categorize customer risk levels.
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Learn when and how to conduct Enhanced Due Diligence.
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Appreciate the importance of ongoing monitoring of customer transactions.
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Acknowledge the importance of accurate and thorough record-keeping.
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Make use of relevant technology and automated tools. ​
Course details: Methodology , Admission requirements, Who the seminar is for, Certification awarded
1. Introduction to KYC & CDD
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Understanding the importance of KYC and CDD in the financial industry
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Exploring the regulatory landscape and compliance requirements
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Overview of key terms and concepts
2. Customer Identification Process
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Methods and best practices for collecting and verifying customer identification documents
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Recognizing red flags and suspicious indicators during the identification process
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Practical exercises and case studies
3. Customer Due Diligence Levels
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Overview of Simplified Due Diligence (SDD) and Enhanced Due Diligence (EDD)
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Determining the appropriate level of due diligence based on risk assessment
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Implementing risk-based approaches in CDD processes
4. Risk Assessment Techniques
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Techniques for assessing customer risk profiles and transactional behavior
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Understanding different risk factors and their implications
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Utilizing risk assessment tools and methodologies
5. Politically Exposed Persons (PEP) and High-Risk Customers
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Identification and screening of Politically Exposed Persons (PEPs) and their associates
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Enhanced Due Diligence (EDD) requirements for high-risk customers
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Managing relationships with PEPs and high-risk customers
6. Transaction Monitoring and Reporting
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Implementing transaction monitoring systems for detecting suspicious activities
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Reporting requirements and procedures for filing Suspicious Activity Reports (SARs)
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Collaboration with relevant authorities and regulatory bodies
7. Technology Solutions in KYC & CDD
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Overview of technological advancements and solutions in KYC and CDD processes
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Integration of identity verification software, risk assessment tools, and transaction monitoring systems
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Challenges and considerations in adopting technology-driven solutions
8. Case Studies and Practical Applications
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Analyzing real-world case studies and scenarios
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Applying KYC and CDD principles in practical exercises
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Group discussions and problem-solving activities
The programme is addressed to:
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Directors
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Executive Management
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Compliance Officers / Assistant Compliance Officers
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Employees of obliged entities dealing with KYC/CDD
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AML Officers
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Back-office staff
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Customer on-boarding staff
