E-Learning AML & CDD

The e-learning ‘CDD and Anti Money Laundering` covers the basic legal principles of Customer Due Diligence (CDD), Anti-Money Laundering (AML) and Combatting Terrorism Financing (CTF). This e-learning is based on Dutch law and on international CDD standards.

You will learn what the purpose of CDD is, why CDD is so important and what to look out for when accepting customers. In order to properly estimate the CDD risk prior to entering into a contract with a customer, it is necessary to know this customer well. CDD is an important measure which means that you should be able to research the identity, nature, background and integrity of a (potential) customer. This e-learning discusses different kinds of due diligence and what you should pay attention to when conducting due diligence.

After the customer due diligence, the profile of the customer will be determined and the relation will be assigned a risk category, the so-called CDD-classification.

Once the customer is classified and accepted, our work is not finished. Over time the characteristics of the customer or the product of the customer can change, which could mean that the assigned risk classification is no longer accurate. The customer might become a bigger risk. To anticipate these risks, you will learn about monitoring transactions and reviewing customers. By means of monitoring and the review, we determine if the relation has not performed unusual transactions and whether or not the assigned CDD-risk profile is still correct.

The e-learning contains the following chapters:

• Chapter 1 Money Laundering & Terrorism Financing
• Chapter 2 Customer Due Diligence
• Chapter 3 CDD Process
• Chapter 4 CDD Classification
• Chapter 5 Monitoring and Review

Each chapter ends with self-test questions including feedback. The e-learning is completed with a final test. The final test consists of 15 multiple choice questions.

Target audience
This e-learning is designed for people working in the financial sector, especially for those who accept clients and process transactions of clients.

We will send your e-learning login details to you by e-mail within two business days.