About Course

In today’s increasingly complex financial crime landscape, financial institutions must do more than simply identify their customers. They must understand who their customers are, assess the risks they present, and continuously monitor those risks throughout the customer lifecycle.

The KYC, CDD & EDD Masterclass is a comprehensive and practical training program designed to help you develop real-world customer due diligence skills used by banks, fintechs, payment companies, cryptocurrency firms, and other regulated financial institutions.

This course takes you through the complete customer due diligence lifecycle – from customer onboarding and identity verification to risk assessment, beneficial ownership analysis, sanctions screening, source of funds reviews, source of wealth investigations, and Enhanced Due Diligence (EDD) for high-risk customers.

Unlike many compliance courses that focus primarily on regulations and theory, this program emphasizes practical application. Through real-world examples, case studies, and risk-based decision-making exercises, you will learn how KYC analysts, compliance officers, and financial crime professionals assess customer risk and make informed onboarding and monitoring decisions.

Throughout the course, you will explore:

KYC, CDD, SDD, and EDD fundamentals
Customer identification and verification techniques
Individual and business customer onboarding reviews
Customer risk profiling and risk-rating methodologies
Ultimate Beneficial Owner (UBO) identification and verification
Sanctions, PEP, and adverse media screening investigations
Source of Funds (SOF) and Source of Wealth (SOW) assessments
Enhanced Due Diligence (EDD) investigations and decision-making
High-risk customer reviews and sector-specific due diligence
Ongoing monitoring, trigger-event reviews, and periodic refreshes
Professional KYC, CDD, and EDD case documentation

Whether you are an aspiring KYC analyst, AML professional, compliance officer, financial crime investigator, banking professional, fintech practitioner, or certification candidate, this course will provide you with practical knowledge and skills that can be immediately applied in the workplace.

By the end of this course, you will understand how to identify, assess, investigate, and manage customer risk using a risk-based approach aligned with industry best practices and regulatory expectations.

Understand KYC, Customer Due Diligence (CDD), Simplified Due Diligence (SDD), and Enhanced Due Diligence (EDD) requirements.
Identify and verify individual and business customers using risk-based due diligence techniques.
Build customer risk profiles and assign customer risk ratings.
Identify and verify Ultimate Beneficial Owners (UBOs) and controlling persons.
Analyze complex ownership structures and corporate transparency risks.
Conduct sanctions, PEP, and adverse media screening investigations.
Assess Source of Funds (SOF) and Source of Wealth (SOW) information and supporting evidence.
Perform Enhanced Due Diligence (EDD) reviews for high-risk customers and industries.
Apply due diligence techniques to fintechs, cryptocurrency firms, MSBs, charities, trusts, and correspondent banking relationships.
Conduct ongoing due diligence, trigger-event reviews, and periodic customer reviews.
Write professional KYC, CDD, and EDD case narratives and investigation reports.
Apply a risk-based approach to customer onboarding, monitoring, and customer risk management.

Course Content

Module 1: KYC, CDD & EDD Foundations
You will understand KYC, CDD, and EDD, apply a risk-based approach, and explain the customer lifecycle, governance, and key compliance responsibilities.

Why KYC Matters and How the Customer Lifecycle Works

00:00
KYC, CIP, CDD, SDD and EDD: What Each Control Does

00:00
The Risk-Based Approach, Governance and Three Lines of Defense

00:00

Module 2: Customer Identification, Verification and Onboarding
You will be able to identify and verify individual and business customers, assess onboarding information, evaluate digital KYC controls, and establish expected customer activity.

Module 3: Customer Risk Assessment, Beneficial Ownership and Screening
You will be able to build customer risk profiles, assign risk ratings, identify beneficial owners, analyze ownership structures, and investigate screening alerts.

Module 4: Source of Funds, Source of Wealth and Enhanced Due Diligence
You will be able to assess source of funds and source of wealth, conduct EDD investigations, perform open-source research, and make risk-based customer decisions.

Module 5: High-Risk Customers and Sector-Specific Due Diligence
You will be able to conduct due diligence on high-risk customers, including PEPs, fintechs, crypto firms, MSBs, charities, trusts, and correspondent banking relationships.

Module 6: Ongoing Due Diligence, Escalation and Practitioner Execution
You will be able to perform ongoing due diligence, conduct periodic reviews, write professional case narratives, and manage customer escalations, remediation, and exit decisions.

You will earn a certificate after completing this course.

Student Ratings & Reviews

No Review Yet

Buy Bundle

Join Live Class

Buy Individually

About Course

What Will You Learn?

Course Content

Module 1: KYC, CDD & EDD Foundations You will understand KYC, CDD, and EDD, apply a risk-based approach, and explain the customer lifecycle, governance, and key compliance responsibilities.

KYC, CIP, CDD, SDD and EDD: What Each Control Does

The Risk-Based Approach, Governance and Three Lines of Defense

Module 2: Customer Identification, Verification and Onboarding You will be able to identify and verify individual and business customers, assess onboarding information, evaluate digital KYC controls, and establish expected customer activity.

Onboarding Individual Customers

Onboarding Companies and Other Legal Entities

Documentary and Non-Documentary Verification

Digital KYC, Biometrics and Identity Fraud Risks

Purpose, Nature and Expected Account Activity

Module 3: Customer Risk Assessment, Beneficial Ownership and Screening You will be able to build customer risk profiles, assign risk ratings, identify beneficial owners, analyze ownership structures, and investigate screening alerts.

Building a Complete Customer Risk Profile

Customer Risk-Rating Methodologies

Beneficial Ownership and Control

Tracing Complex Ownership Structures

Sanctions, PEP and Adverse Media Screening

Module 4: Source of Funds, Source of Wealth and Enhanced Due Diligence You will be able to assess source of funds and source of wealth, conduct EDD investigations, perform open-source research, and make risk-based customer decisions.

Source of Funds Fundamentals

Source of Wealth Deep Dive

EDD Triggers and Investigation Planning

Open-Source Intelligence and Independent Verification

EDD Decisions, Risk Mitigation and Senior Approval

Module 5: High-Risk Customers and Sector-Specific Due Diligence You will be able to conduct due diligence on high-risk customers, including PEPs, fintechs, crypto firms, MSBs, charities, trusts, and correspondent banking relationships.

PEPs, High-Net-Worth Individuals and Private Banking

MSBs, Fintechs, Payment Firms and Cash-Intensive Businesses

Crypto, Casinos and Other Higher-Risk Business Models

Correspondent Banking, Charities, Trusts and Complex Arrangements

Module 6: Ongoing Due Diligence, Escalation and Practitioner Execution You will be able to perform ongoing due diligence, conduct periodic reviews, write professional case narratives, and manage customer escalations, remediation, and exit decisions.

Ongoing Monitoring, Trigger Events and Periodic Reviews

Writing Defensible KYC and EDD Narratives

Quality Assurance, Escalation, Exit and End-to-End Case Workshop

Earn a certificate

Student Ratings & Reviews

Recommended Courses For You

Transaction Monitoring Masterclass

Fraud Risk Management Masterclass