This activity examines one of the most efficient ways of preventing financial crime: carrying out customer due diligence. Throughout, the content also includes a number of interactive tasks and real-life examples relating to customer due diligence (CDD). There is also an end of course multiple-choice assessment.
This course is suitable for all audiences.
When you've completed all of the activities in this pathway, you should be able to:
- describe the three levels of customer due diligence and when they should be applied
- explain what CDD is and how it helps to fight financial crime
- identify who the customer is in a CDD situation
- describe the risk-based approach to CDD and when enhanced and simplified due diligence should be used
- describe who is classified as a politically exposed person (PEP) and how they must be treated for CDD purposes
- explain what identification and verification checks are needed for CDD
- describe how to report a suspicion of financial crime appropriately.
