Certified Due Diligence Specialist in Correspondent Banking (CDD-CB)

The Certified Due Diligence Specialist in Correspondent Banking (CDD-CB) is a globally recognized certification that equips professionals with specialized knowledge and skills to manage customer due diligence (CDD) in correspondent banking relationships. This certification focuses on the unique compliance challenges posed by cross-border banking, emphasizing adherence to AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. With a strong focus on international standards such as FATF, the Basel Committee, and emerging regulatory frameworks, the CDD-CB certification prepares candidates to handle compliance challenges in the correspondent banking industry. This program provides practical insights into global regulatory environments, risk assessment for correspondent banking, and advanced due diligence techniques for high-risk correspondent banks. By earning the CDD-CB certification, professionals will demonstrate their expertise in mitigating financial crime risks in correspondent banking transactions, making them valuable assets to financial institutions globally.

Enrollment Procedure

Enrolling in the CDD-CB program is simple and fully online. Follow these steps to get started:

1. Visit the Enrollment Page: Navigate to our website and select the CDD-CB program.
2. Click on “Enroll Now”: Register by providing your name and email address.
3. Complete Payment: Use our secure payment gateway to finalize your registration. Once payment is confirmed, you will gain access to course materials.
4. Access Course Materials: You will receive immediate access to the Learning Management System (LMS), where you can watch videos and download the e-book.
5. Final Exam: When ready, attempt the final exam directly from the LMS. The exam consists of 60 multiple-choice questions (MCQs) and is open book. You will have 50 minutes to complete the exam, designed to assess your understanding of CDD in correspondent banking.
6. Exam Attempts: You will have 2 attempts to pass. If additional attempts are required, a fee of $14 USD will be charged per attempt.
7. Instant Results: After completing the exam, your results will be available immediately. Upon passing, you can download your certification instantly.

Section 1: Introduction to Correspondent Banking

1. Chapter 1: Overview of Correspondent Banking
   • Basic concepts and the role of correspondent banking in global finance
   • Key relationships: Nostro and Vostro accounts
2. Chapter 2: Regulatory Frameworks and Compliance
   • Overview of AML/CFT regulations and standards
   • Key international regulatory bodies governing correspondent banking

Section 2: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

1. Chapter 3: Standard CDD Requirements
   • Key data collection and verification for correspondent banks
   • Understanding the correspondent’s business operations and risk profile
2. Chapter 4: Enhanced Due Diligence for High-Risk Banks
   • Identifying beneficial owners and assessing the correspondent’s AML/CFT controls
   • EDD application for high-risk jurisdictions or counterparties

Section 3: Risk Management and Ongoing Monitoring

1. Chapter 5: Transaction Monitoring and Red Flags
   • Key aspects of monitoring correspondent banking transactions
   • Identifying and managing suspicious activities and red flags
2. Chapter 6: Sanctions Compliance and Relationship Offboarding
   • Conducting sanctions screening in correspondent banking
   • Offboarding procedures and terminating high-risk relationships

This certification provides a comprehensive framework for conducting CDD in correspondent banking relationships, focusing on regulatory compliance, risk management, and the effective monitoring of banking transactions.