Conducting Effective KYC / CDD / EDD

Adequate customer information/data is the bed rock of a firm’s risk management and control for financial crime prevention. Performing effective Customer Due Diligence (CDD) on new and existing customers is key to understanding customers and the potential risks associated with the customers. Without proper CDD, banks are prone to reputational risk and significant fines.
Course Description & Duration 
This workshop has been designed for staff in the financial sector to upskill and expand their
capabilities in conducting comprehensive due diligence investigations on individuals, entities,
beneficiary owners and third parties. Delegates will learn how to implement appropriate CDD
procedures for screening clients for PEPs/Sanctions/Adverse Media and investigating
complex/disguise beneficial ownership structures.

The workshop also teaches how to analyse client information appropriately to provide the basis
for identifying, limiting and controlling risk exposures. Topics covered include key
global/regional legislations and regulatory guidance on customer due diligence for new clients,
refreshing existing client files and validating high risk transactions. Using case studies,
delegates’ gain an enhanced appreciation of the impact of financial crime thus improving
delegates’ attitude and behaviour towards regulatory risk management and financial crime
prevention. Discussion points are captured in a hand-out.

This course is typically offered as a full day workshop but can be run as a two-day event
depending on client’s requirements.
Course Outline 
  • Overview of the AML Regulations and Industry Guidance on Customer Due Diligence.
  • The three levels of Customer Due Diligence. (SDD/CDD/EDD including source of funds and source of wealth validations for PEPs).
  • Practical guidance on conducting risk-based periodic update of existing customer files and
    customer due diligence remediation.
  • Practical guidance on conducting independent research and background checks on complex beneficiary ownership structures to identify and understand the associations and get a clear risk picture of the entity.
  • Guidance on conducting Third Party Due Diligence (Anti-Bribery & Corruption).
  • Case studies- group exercise to identify beneficiaries of complex organisational structures.
Training Outcomes 

By the end of the training, delegates will be able to:

  • Understand their key CDD obligations under global AML & Financial Crime laws and
  • Explain the procedures for screening clients for Sanctions, PEP, Adverse Media & Anti-Bribery
    & Corruption status.
  • Discuss the processes for conducting risk-based Clients CDD reviews/Updates.
  • Understand how to undertake Investigative Customer Due Diligence.
  • Understand processes to unravel beneficiary owners of complex organisational structures
    used to obscure or disguise ownership of assets.
  • Appreciate that CDD is a process, not just a tick box exercise.
  • Recognise the importance of embedding CDD into the business as a normal business
    procedure to ensure effective risk mitigation.





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Opsel Compliance Consultancy Services, Ltd, 
34 Chaffinch Avenue, 
+44 (0)7950377849 
 Opsel Compliance Consultancy Services, Ltd, registered in England with company number 11570294. Registered address: 34 Chaffinch Avenue, Croydon, CR0 7SE
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