Certified Due Diligence Specialist in Politically Exposed Persons (CDD-PEP) Overview
The Certified Due Diligence Specialist in Politically Exposed Persons (CDD-PEP) certification equips professionals with essential skills to manage due diligence, compliance, and risk assessment for politically exposed persons, ensuring adherence to global AML/KYC standards.
About The Program
The Certified Due Diligence Specialist in Politically Exposed Persons (CDD-PEP) certification is a specialized program designed to provide professionals with comprehensive expertise in managing due diligence for politically exposed persons (PEPs). PEPs pose unique compliance challenges due to their heightened risk profiles and potential for involvement in corruption, money laundering, and other financial crimes. This certification program covers key aspects such as regulatory requirements, risk identification, and enhanced due diligence (EDD) measures for PEPs, aligning with global AML (Anti-Money Laundering) and KYC (Know Your Customer) standards.
Through this certification, participants gain practical knowledge on how to identify, verify, and monitor PEPs effectively, while understanding the importance of ongoing risk assessment and event-driven reviews. The CDD-PEP program prepares professionals to address the complexities associated with high-profile clients, equipping them with the tools needed to mitigate financial crime risks and ensure regulatory compliance. Completing this certification demonstrates expertise in a high-stakes area of compliance, making candidates valuable assets to financial institutions and compliance teams worldwide.
Program Structure: Self-Paced Learning
Core Modules
Section 1: Understanding PEPs and Regulatory Standards
Chapter 1: Introduction to Politically Exposed Persons (PEPs)
- Definition and types of PEPs (domestic, foreign, international organization PEPs)
- The significance of identifying PEPs in compliance
- Key characteristics and risk factors associated with PEPs
Chapter 2: Regulatory Frameworks for PEP Compliance
- Global AML/KYC standards for managing PEPs
- FATF guidelines, sanctions, and international regulations
- Jurisdictional variations and compliance obligations for PEPs
Section 2: Enhanced Due Diligence (EDD) for PEPs
Chapter 3: Identification and Verification of PEPs
- Best practices for identifying and verifying PEPs and their associates
- Enhanced due diligence (EDD) measures specific to PEPs
- Tools and techniques for effective PEP screening and verification
Chapter 4: Risk Assessment and Risk-Based Approach
- Conducting risk assessments based on PEP profiles and activity
- Implementing a risk-based approach to managing PEP relationships
- Factors influencing PEP risk (source of wealth, geographical risk, and political exposure)
Section 3: Advanced Monitoring and Compliance Practices
Chapter 5: Ongoing Monitoring and Transaction Analysis
- Establishing monitoring frameworks for PEP transactions
- Identifying red flags and suspicious activity patterns
- Conducting event-driven reviews and periodic risk reassessments
Chapter 6: Reporting Obligations and Record-Keeping
- Reporting requirements for PEP-related suspicious activities
- Record-keeping practices to ensure compliance and audit readiness
- Documentation standards and regulatory expectations for PEP due diligence