Free KYC and Customer Due Diligence Course
KYC and Customer Due Diligence (CDD)
KYC and customer due diligence begin with knowing who a customer is and whether their activity fits the profile. Enroll free in this course to examine ownership and risk evidence, then explain when a deeper review is needed.
About this course
This free KYC and customer due diligence course teaches you to look beyond an identification document when reviewing a customer. You begin with why financial institutions verify identities and assess risk. You then learn to review individuals and legal entities, connect evidence to a customer profile, and distinguish source of funds from source of wealth. The explanations assume no previous AML or legal background.
An ownership structure or screening result can require further questions before a decision is made. You study beneficial ownership, politically exposed persons, and enhanced due diligence to understand those situations. Ongoing reviews and suspicious activity reporting lessons show how findings should be recorded and escalated. These foundations help you understand an onboarding workflow and prepare for further compliance training, while actual decisions remain subject to current policy and qualified oversight.
Course outline
Why KYC Exists: The Global Fight Against Financial Crime
In this module, you'll learn why KYC exists, FATF standards, money laundering stages, how KYC, CDD and EDD differ, the risk-based approach, and the three lines of defense.
Getting Onboarding Right: Identification and Verification
In this module, you'll learn CIP requirements, acceptable ID documents, how to verify individuals and legal entities, remote verification challenges, document fraud red flags, and when to decline onboarding.
Building the Customer Risk Profile Through CDD
In this module, you'll learn what CDD covers, how to rate customer risk, source of funds versus source of wealth, simplified due diligence, periodic reviews, and documenting decisions.
Seeing Through the Entity: Beneficial Ownership Analysis
In this module, you'll learn what beneficial ownership means, how to find the ultimate beneficial owner, how trusts, nominees and shell companies hide ownership, and corporate structure red flags.
Going Deeper: Enhanced Due Diligence in Practice
In this module, you'll learn what triggers EDD, how it differs from CDD, handling PEPs, correspondent banking, high-net-worth clients and high-risk jurisdictions, senior management approval, and enhanced monitoring.
Keeping Watch: Ongoing Monitoring in Action
In this module, you'll learn how transaction monitoring rules work, how to spot suspicious patterns, compare behaviour to the expected profile, investigate alerts, and run periodic and event-driven reviews.
Screening the Customer Base: Sanctions, PEPs, and Media
In this module, you'll learn how sanctions screening works, true matches versus false positives, adverse media methods, PEP screening including family and associates, and freezing and reporting duties.
Sustaining a Strong KYC Program
In this module, you'll learn what makes a strong SAR or STR narrative, record-keeping rules, independent testing, the roles of the board and MLRO, and data privacy in KYC.
Get access to the complete curriculum once you enroll in the course
Frequently Asked Questions
How does the course explain the difference between KYC, CDD, and EDD?
Can I take this KYC course without an AML background?
What identity verification topics are included in the free course?
Will I learn to identify beneficial owners?
How are source of funds and source of wealth distinguished?
What situations can trigger enhanced due diligence in the course examples?
Does the training address sanctions screening false positives?
How will I learn about ongoing customer reviews?
What documentation skills does the CDD course introduce?
Can these lessons help me prepare for a compliance support role?
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