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CDD Essentials

A 16-minute CDD training focused on the fundamentals of identity verification, risk assessment, Enhanced Due Diligence for high-risk clients, and the use of CDD tools and technology. Suitable for compliance professionals in the Cayman Islands.

16 minutes of content

Course Certificate

Cayman Islands

Description

This self-paced course provides a comprehensive foundation in Customer Due Diligence (CDD) and its essential role in AML/CFT frameworks. It outlines the regulatory expectations in the Cayman Islands and delivers practical guidance on onboarding clients, managing risk profiles, performing Enhanced Due Diligence (EDD), and leveraging technology to streamline compliance.

What will you learn?

  • Understand the importance of CDD and how it forms the foundation of AML/CFT compliance. 
  • Apply Simplified, Standard, or Enhanced Due Diligence based on risk. 
  • Navigate EDD requirements for high-risk clients, including PEPs and those from high-risk jurisdictions. 
  • Execute the CDD process from onboarding through ongoing monitoring. 
  • Identify beneficial owners and verify source of funds and wealth. 
  • Use tools and technology (e.g., World-Check, Simur) to enhance efficiency and compliance. 
  • Recognize and respond to trigger events and implement continuous due diligence strategies. 

 

Course Content

  1. Intro to Customer Due Diligence (CDD) 
    • What CDD is and why it matters 
    • ID verification and required documentation 
    • Simplified, Standard, and Enhanced Due Diligence comparison 
  2. Understanding Enhanced CDD 
    • Cayman-specific EDD requirements for PEPs and high-risk customers 
    • Managing risks tied to foreign/domestic PEPs and high-risk jurisdictions 
    • Required documentation and EDD tools 
  3. The CDD Process 
    • Step-by-step onboarding for individuals and corporate entities 
    • Verification of beneficial ownership 
    • Trigger events and ongoing monitoring protocols 
  4. Tools & Technology for CDD 
    • Overview of tools like Refinitiv World-Check, LexisNexis, Dow Jones, Simur, KYC-Chain 
    • Use of AI, machine learning, and automation in due diligence 
    • Best practices for technology integration and risk mitigation 

US$ 19.99

Enrollment for this course is temporarily disabled.

This course includes:

  • Cayman Islands
  • Course Certificate
  • 16 minutes of content

Do you need more information?

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