CDD Essentials

Course 8 of the 9-Course StudyAML Annual AML/CFT Refresher Series, this interactive course explores the essentials of Customer Due Diligence (CDD) — the foundation of AML/CFT compliance. Learn how CDD protects your institution and the Cayman Islands’ financial system through effective risk identification and verification. Bundle and save when you purchase the full series for comprehensive AML/CFT coverage!

20 - 25 minutes

Certificate Included

Cayman Islands

Description

This concise, practical course guides learners through the core elements of Customer Due Diligence (CDD), a critical control in preventing money laundering and terrorist financing. Participants explore how CDD fits within the Cayman Islands AML/CFT framework, how to verify identity and beneficial ownership, when to apply enhanced due diligence, and how technology strengthens compliance. By the end of this course, learners will understand how effective CDD supports transparency, regulatory compliance, and trust in the financial system.

What will you learn?

Module 1 – Introduction to Customer Due Diligence:
Learn what CDD is, why it’s essential for AML/CFT compliance, and how different levels of due diligence are applied based on customer risk.
Module 2 – Understanding Enhanced CDD:
Explore how Enhanced Due Diligence (EDD) addresses higher-risk scenarios, including those involving Politically Exposed Persons (PEPs) and complex ownership structures.
Module 3 – The CDD Process:
Understand how to perform CDD step-by-step, from onboarding and verifying documents to ongoing monitoring and identifying trigger events.
Module 4 – Tools & Technology for CDD:
Discover how technology, automation, and digital verification tools improve accuracy, efficiency, and compliance across the due diligence process.