CDD fundamentals, enhanced due diligence for PEPs and high-risk customers, and ongoing monitoring obligations. Complete all three modules to unlock Lesson 4.
Work through each module in order. Complete the interactive assessment in each to unlock the next.
What CDD is, when it must be conducted, the four verification elements, SDD vs standard CDD, verification documents, and the 5-year record-keeping obligation.
When EDD applies, source of funds vs source of wealth, PEP categories, EDD measures, and 2025 MLR narrowing for high-risk jurisdictions.
Transaction monitoring, profile updates, event-driven reviews, and the Stunt & Co monitoring failure case study with a GBP 39.3M fine.
Supplementary materials for this lesson.