Certificate in Customer Due Diligence (CDD)

Customer due diligence (CDD) is the act of performing background checks and other screening on the customer to ensure that they are properly risk-assessed before being onboarded.

CDD is at the heart of Anti-Money Laundering (AML) and Know Your Customer (KYC) initiatives. It is designed to help banks and financial institutions prevent financial crimes like money laundering, terrorist financing, human and drug trafficking and fraud.

Customer Due Diligence involves

• Customer Information: To ensure customers are who they say they are, companies collect the customer’s full name, photo identification, address, phone number, email address, occupation, tax identification number and more.
• Business Information: CDD measures should include additional identifying information about the customer’s business model, source of funds and beneficial ownership.
• Customer Risk Profiles/Risk Assessments: Based on the customer’s identity, location and type of business, customers are sorted into different risk levels (usually low, medium and high) to indicate the level of money laundering risk they pose. A customer’s risk profile determines how much due diligence is required. High-risk customers need a more in-depth due diligence process than low-risk customers.
• Ongoing Monitoring: Customer due diligence doesn’t stop after the customer is onboarded. CDD measures should include some sort of ongoing monitoring system and keep an eye on higher-risk customers, suspicious transactions, changing customer profiles, etc.

Why should one take Customer Due Diligence (CDD) certification?

Customer Due Diligence involves the following basic regulatory obligations and all financial institutions requires CDD professionals due to enhanced regulations to address money laundering.

Vskills Certificate in CDD provides a hands-on approach to understand the nuances of Customer Due Diligence as well as understand Enhanced Due Diligence for Client classifications, CDD profiles and document management.

The certification attests to your understanding and applying skills and knowledge in customer due diligence and helps you to stand out amongst your peers to help in gaining better career prospects.

The certification covers

• AML and KYC Basics
• CDD Basics and Relevance
• Enhanced Due Diligence (EDD)
• Client classifications
• CDD profiles
• Document Management
  

Who will benefit from taking Customer Due Diligence (CDD) certification?

Finance professionals, accounting professionals, managers, students, will benefit immensely by opting for Vskills Certificate in Customer Due Diligence (CDD) to gain an edge in the AML-KYC domain and be noticeable amongst their colleagues as well as make progress in their respective careers.

Students taking the certification also gain by showcasing their understanding of Customer Due Diligence (CDD) and are able to increase their job opportunities.

Customer Due Diligence (CDD) Table of Contents

https://www.vskills.in/certification/customer-due-diligence-cdd-table-of-contents

Customer Due Diligence (CDD) Practice Questions

https://www.vskills.in/practice/customer-due-diligence-cdd

Customer Due Diligence (CDD) Interview Questions

https://www.vskills.in/interview-questions/customer-due-diligence-cdd-interview-questions

Companies that hire CDD Professionals

Customer Due Diligence (CDD) professionals will find employment opportunities in top companies like, EY, Deloitte, Infosys, IBM, Accenture, TCS, Dell, Capgemini, Flipart etc.

Customer Due Diligence related Blogs

Checkout the latest online blogs on CDD.

Customer Due Diligence CDD Jobs

Checkout the various job openings for Customer Due Diligence (CDD), click here..

Customer Due Diligence Internships

Vskills runs its flagship internship programme where bright interns work with academic council, click to know more details..