Description
The AGRC Certificate in KYC and CDD equips professionals, who work in regulated companies and are obliged to comply with anti-money laundering regulations, with the appropriate knowledge and skills to establish an anti-money laundering program, which is in-line with the international anti-money laundering standards and KYC/CDD procedures, which will effectively mitigate their companies’ risks associated with specific business relationships.
The course covers the fundamentals of a business-wide risk assessment, which allows entities to identify their risks associated with their specific industry, the main pillars of an anti-money laundering programs and the elements to be considered in KYC/CDD procedures, especially with regards to customer identification and verification. It also covers the factors that need to be considered when establishing business relationships with high-risk customers and take appropriate steps to mitigate those risks.
The course fee includes the Membership and the Examination fee.
Completion Requirements
- Success in all of the four unit tests. Each unit is allocated four Multiple Choice questions (MCQs). In total 16 Multiple Choice questions with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.
- Success in the final test of 40 MCQs for the completion and award of the Certification in KYC and CDD, issued by the Association of Governance, Risk, and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.
The syllabus is verified by external subject matter experts and may be accredited by financial regulators for 15 CPD Units.
