Why KYC Matters and How the Customer Lifecycle Works - CAMS Prep
KYC, CDD, and EDD Masterclass
Why KYC Matters and How the Customer Lifecycle Works
KYC, CDD, and EDD Masterclass
0% Completed
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.
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.
