Kyc Essentials: Master Customer Due Diligence

A practical guide to global KYC compliance, onboarding, risk assessment, EDD, and RegTech innovations

What you'll learn

Articulate the evolution of KYC, AML, and CTF regulations and key international standards.

Design compliant customer onboarding workflows using CIP, CDD, EDD, and ongoing monitoring.

Develop and validate customer risk scoring models for product, geographic, and behavioural risks.

Conduct enhanced due diligence for PEPs, beneficial owners, adverse media, and complex structures.

Requirements

Familiarity with basic financial services or compliance concepts, proficiency in English, access to a computer with internet, and a PDF reader for course materials.

Description

Welcome to KYC Essentials, a comprehensive course that equips you with the knowledge and tools to design, implement, and manage robust Know Your Customer programs across global financial institutions. Through seven chapters and over 60 practical lessons, you will master the regulatory frameworks, onboarding workflows, risk assessment methodologies, enhanced due diligence techniques, and cutting-edge technologies shaping the future of compliance. Designed for compliance professionals, AML analysts, risk managers, and fintech teams, this course blends real-world case studies, downloadable templates, mini-projects, and interactive quizzes to reinforce every concept. By the end of the course, you will confidently apply best practices to protect your organization from financial crime, regulatory fines, and reputational harm while streamlining operations for enhanced customer experience.Chapter 2 begins with the global regulatory landscape, tracing the evolution of KYC from early bank secrecy laws to today's sophisticated anti-money-laundering (AML) and counter-terrorist-financing (CTF) regimes. You will decode the Financial Action Task Force's recommendations, navigate key statutes such as the USA PATRIOT Act and EU Money Laundering Directives, understand sanctions screening under OFAC and EU/UN regimes, and address GDPR privacy considerations. This foundational knowledge ensures you can articulate compliance drivers and design policies that meet international standards.Chapter 3 dives into KYC onboarding fundamentals, mapping the complete customer lifecycle and defining the Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) workflows. You will learn document verification best practices, explore digital identity and eKYC solutions, implement biometric liveness detection, and balance user experience with regulatory rigor to reduce friction without compromising compliance.In Chapter 4, you will embrace the risk-based approach, building and calibrating quantitative scoring models, segmenting customers by product, geography, and behavior, and integrating trigger-event monitoring. You will discover how to update risk profiles over time and document methodologies that withstand supervisory scrutiny.Chapter 5 focuses on high-risk and politically exposed relationships. You will identify red flags that require EDD, uncover beneficial owners behind corporate entities, analyze sources of funds and wealth, and perform adverse media screening using automated tools and open-source intelligence techniques.Chapter 6 explores the RegTech landscape, evaluating AI and machine-learning algorithms for risk detection, implementing robotic process automation (RPA) to streamline repetitive tasks, leveraging blockchain for self-sovereign identity, and designing API-first architectures for end-to-end integration. A structured vendor selection and implementation roadmap helps you translate theory into practice.Please note: This course is not an official exam preparation program and is not affiliated with any regulatory body or certification vendor. It is intended for general educational purposes only.

Overview

Section 1: Introduction to KYC Essentials

Lecture 1 Lesson 1.1 Hello and Welcome _.mp4

Section 2: Global Regulatory Landscape & Compliance Foundations

Lecture 2 Lesson 2.1 Evolution of KYC & AML Regulations

Lecture 3 Lesson 2.2 FATF Recommendations & International Standards

Lecture 4 Lesson 2.3 Key Laws USA PATRIOT Act, 4MLD 5MLD & Beyond

Lecture 5 Lesson 2.4 Sanctions Screening & OFAC Basics

Lecture 6 Lesson 2.5 Data Privacy & GDPR Considerations for KYC

Section 3: KYC Onboarding: Identification & Verification Fundamentals

Lecture 7 Lesson 3.1 The KYC Lifecycle & Onboarding Journey

Lecture 8 Lesson 3.2 Customer Identification Program (CIP) Requirements

Lecture 9 Lesson 3.3 Document Verification Techniques & Best Practices

Lecture 10 Lesson 3.4 Digital Identity & e‑KYC Solutions

Lecture 11 Lesson 3.5 Biometric Verification & Liveness Detection

Lecture 12 Lesson 3.6 Balancing User Experience with Regulatory Rigor

Lecture 13 Lesson 3.7 Case Study Designing a Frictionless Onboarding Flow

Section 4: Risk Assessment & Customer Due Diligence

Lecture 14 Lesson 4.1 Understanding the Risk‑Based Approach

Lecture 15 Lesson 4.2 Developing Risk Scoring Models

Lecture 16 Lesson 4.3 Customer Risk Factors & Segmentation

Lecture 17 Lesson 4.4 Product & Service‑Level Risk Indicators

Lecture 18 Lesson 4.5 Geographic & Jurisdictional Risk

Lecture 19 Lesson 4.6 Trigger Events & Ongoing Monitoring

Lecture 20 Lesson 4.7 Updating Risk Profiles Over Time

Section 5: Enhanced Due Diligence & High‑Risk Relationships

Lecture 21 Lesson 5.1 When to Escalate to Enhanced Due Diligence

Lecture 22 Lesson 5.2 Politically Exposed Persons (PEPs) & Close Associates

Lecture 23 Lesson 5.3 Beneficial Ownership & Corporate Transparency

Lecture 24 Lesson 5.4 Source of Funds vs. Source of Wealth Analysis

Lecture 25 Lesson 5.5 Adverse Media & Negative News Screening

Lecture 26 Lesson 5.6 Real‑World EDD Investigation Walkthrough

Section 6: Technology, Automation & the Future of KYC

Lecture 27 Lesson 6.1 RegTech Landscape Tools That Transform KYC

Lecture 28 Lesson 6.2 AI & Machine Learning for Risk Detection

Lecture 29 Lesson 6.3 Robotic Process Automation (RPA) in KYC Operations

Lecture 30 Lesson 6.4 Blockchain & Self‑Sovereign Identity

Lecture 31 Lesson 6.5 API‑First Architectures & System Integration

Lecture 32 Lesson 6.6 Vendor Selection & Implementation Roadmap

Lecture 33 Lesson 6.7 Future Trends Digital Identities & Global Interoperability

Section 7: Course Wrap‑Up & Next Steps

Lecture 34 Lesson 7.1 Congratulations & Continuing Your KYC Journey

This course is ideal for compliance officers, AML investigators, risk analysts, and fintech professionals who seek practical skills in designing and managing robust KYC programs.