Training in KYC/CDD/EDD in AML/CFT for DNFBPs

Crowe UAE Academy is pleased to announce a practical and focused Training in KYC/CDD/EDD in AML/CFT for Designated Non-Financial Businesses and Professions (DNFBPs). This online training is designed to strengthen participants’ understanding of Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), customer risk assessment, beneficial ownership identification, sanctions and PEP screening, ongoing monitoring, and other essential AML/CFT compliance requirements.

The training will provide participants with practical insights into the circumstances and timing for undertaking CDD measures, customer and beneficial owner identification and verification, identification of sources of funds and wealth, and assessment of customer and business relationship risks. Participants will also develop a clearer understanding of customer acceptance procedures and the purpose and intended nature of business relationships.

The program further covers risk-based application of CDD measures, Simplified or Delayed Due Diligence, Enhanced Due Diligence for higher-risk customers and PEPs, ongoing monitoring, review and updating of customer information, investigation and escalation of unusual transactions, and record-keeping and documentation requirements.

This course is particularly relevant for professionals working in the real estate sector, Dealers in Precious Metals and Stones (DPMS), accounting and auditing firms, legal sector, and Trust and Corporate Service Providers (TCSPs).

Training Details

What You Will Learn – KYC/CDD/EDD Course Outline

• What is an AML/CFT Compliance Program?
• What is CDD/EDD?
• Why is CDD necessary?
• Circumstances and Timing for Undertaking CDD Measures
• Customer and Beneficial Owner Identification and Verification – Individuals, Legal Persons and Legal Arrangements
• Identifying Sources of Funds and Sources of Wealth
• Assessing Customer and Business Relationship Risk
• Customer Risk Profiling and Risk Rating
• Customer Acceptance Procedures
• Understanding the Purpose and Intended Nature of the Business Relationship
• Sanctions, Adverse Media and PEP Screening
• Risk-Based Application of Customer Due Diligence Measures
• Simplified or Delayed Due Diligence Measures
• Enhanced Due Diligence (EDD) Measures
• Requirements for Politically Exposed Persons (PEPs)
• Requirements for High-Risk Customers or Transactions or Countries
• Ongoing Monitoring of the Business Relationship
• Reviewing and Updating Customer Due Diligence Information
• Restrictions on Customer Due Diligence in High-Risk and Tipping-Off Scenarios
• Investigation and Escalation of Unusual Transactions
• General Considerations Regarding Documents
• Record-Keeping and Documentation

Who Should Attend?

This training is designed for professionals working in:

• Real Estate Sector
• Dealers in Precious Metals and Stones (DPMS)
• Accounting and Auditing Firms
• Legal Sector – Law Firms, Notaries and Company Service Providers
• Trust and Corporate Service Providers (TCSPs)

The program is particularly suitable for:

• Front-Line Staff
• Real Estate Agents and Brokers
• Legal Advisors
• Accountants, Auditors and Tax Advisors
• Corporate Services Executives

Why Attend This KYC/CDD/EDD Training?

• Strengthen your understanding of CDD and EDD requirements within an AML/CFT compliance framework.
• Understand when CDD measures should be undertaken and why effective due diligence is essential.
• Learn the key requirements for customer and beneficial owner identification and verification.
• Understand how to identify and assess sources of funds and sources of wealth.
• Develop a better understanding of customer risk profiling, risk rating and customer acceptance procedures.
• Learn how to apply a risk-based approach to Customer Due Diligence.
• Understand Simplified or Delayed Due Diligence and when Enhanced Due Diligence (EDD) measures are required.
• Strengthen your understanding of due diligence requirements for PEPs, high-risk customers, transactions and countries.
• Understand the importance of sanctions, adverse media and PEP screening.
• Learn the requirements for ongoing monitoring and keeping CDD information up to date.
• Understand the investigation and escalation of unusual transactions and restrictions relating to high-risk and tipping-off scenarios.
• Strengthen your understanding of record-keeping and documentation requirements.
• Complete a focused and practical 3-hour online training session.