Curriculum Overview of the IKYCA Certification

The International KYC Certified Specialist (IKYCA) certification offers a comprehensive curriculum tailored to cover the full spectrum of Know Your Customer (KYC) compliance. The syllabus focuses on equipping candidates with theoretical knowledge and practical skills to address complex regulatory requirements.

Key Modules Covered in the Syllabus:1. Understanding KYC and Financial Crime Risks

• Fundamentals of KYC and its importance in financial compliance.
• Identifying financial crime risks and customer-related red flags.

2. The KYC Lifecycle

• Onboarding processes: Information gathering and customer profiling.
• Periodic reviews: Risk-based monitoring of customer activities.
• Offboarding: Compliance protocols for ending business relationships.

3. Customer Due Diligence (CDD)

• Types of due diligence: SDD, CDD, and EDD.
• Best practices in identifying and verifying customers.

4. KYC Documentation and Verification

• Key documents: Legal names, addresses, and entity verification.
• Techniques for verifying sources of funds and beneficial ownership.

5. Risk Assessment in KYC

• Geographic, product, and entity-based risks.
• Evaluating PEPs (Politically Exposed Persons) and adverse media risks.

6. Global Standards and Regulations

• Key frameworks: FATF recommendations and regional directives.
• Regulatory requirements across different jurisdictions.

This structured approach ensures that candidates gain a thorough understanding of KYC processes and their practical applications in the compliance landscape.