Customer Due Diligence (CDD) Table of Contents

Table of Content


AML and KYC Basics

  • What is Money Laundering?
  • Process of Money Laundering
  • Money Laundering Methods
  • Politically Exposed Persons
  • Money Laundering – Case Studies
  • Know Your Customer (KYC ) Basics
  • Difference between AML and KYC
  • Prevention of Money Laundering Act, 2002 (PMLA)
  • RBI Guidelines regarding AML
  • AML-KYC International Legislation and Cooperation
  • eKYC

CDD Basics and Relevance

  • What is CDD?
  • Customer Due Diligence vs. Monitoring
  • Customer Due Diligence Basics
  • CDD Relevance
  • CDD Measures
  • Types or Levels of CDD
  • When to perform CDD?
  • Performing Customer Due Diligence
  • CDD Record Keeping
  • Third Party CDD
  • Ongoing CDD Monitoring

The Risk-based Approach to CDD

  • What is Risk?
  • What is Customer Risk?
  • Potential Risk Treatments
  • CDD and Risk based Approach
  • Customer Risk Categorization
  • Risk Scoring Model
  • Customer Risk Rating Best Practice
  • Customer Risk Assessment

Identification and Verification

  • Verifying a customer
  • Customer Acceptance Policy (CAP)
  • Customer Identification Requirements Guidelines
  • Customer Identification Procedure (CIP)
  • Applicable Customer Identification Procedures

CDD Requirements

  • CDD Core Requirements
  • Customer Due Diligence Requirements
  • Verify Customer Identities
  • CDD Regulatory Obligations
  • Information to be Preserved
  • Reporting Requirement under FATCA and CRS
  • Secure Information

Customer and the Nature of the Relationship

  • Who is a Customer?
  • CDD Segmentation
  • CDD and Customer Relationship
  • Purpose and Nature of the Relationship

Unravelling Ownership Structure or the Beneficial Ownership

  • Who is Beneficial Owner
  • Why to identify a BO?
  • International Initiatives
  • International UBO Standards
  • The FATF Standard for BO
  • Differences Between Legal Persons and Legal Arrangements
  • Steps for UBO
  • India and Declaration of Significant Beneficial Owner
  • The Cascading Test for Legal Persons
  • Using Thresholds for BO
  • Identification of Beneficial Owners
  • New Age BO Identification Procedures

Screening the customer or related parties

  • Customer Screening Basics
  • Name Screening
  • Sanctions Screening
  • Related Party

Money Laundering Risk Factors and Risk Ratings

  • Money Laundering Risks
  • Money Laundering Risk Assessment
  • Risk Rating

Enhanced Due Diligence (EDD)

  • EDD Basics
  • The need for EDD
  • Factors for EDD
  • Enhanced Due Diligence Measures
  • Beneficial Ownership and EDD Requirements
  • Conducting EDD ( Enhanced Due Diligence)

CDD Profiles

  • Customer CDD Profile Basics
  • Customer Risk Profile
  • Risk-Based Procedures
  • Higher Risk Profile Customers

CDD Record Management

  • What is CDD Record-Keeping?
  • FATF Recommendation 11 – Record‑keeping
  • Which CDD Records to Keep?
  • CDD and Customer Identification Records

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