KYC as a Value Creation Mechanism: A CDD, EDD, PEP, FEP and RBA Guide

Programme Overview

The adoption of effective KYC standards is an essential part of financial institutions’ AML programme. Financial institutions with inadequate or non-effective KYC programmes may be subject to significant risk. Sound KYC policies and procedures not only contribute to a financial institution’s overall safety and soundness, they also protect the integrity of the financial system by reducing the likelihood of financial institutions becoming vehicles for money laundering, terrorist financing and other unlawful activities.

In order to prepare adequately for money laundering and terrorist financing risk, financial institutions, particularly their front-line, customer facing, relationship management, client engagement and client support employees, as well as compliance officers who advise them must take appropriate steps to identify and assess the risks of money laundering and terrorist financing, and conduct ongoing monitoring of customer transactions and accounts, taking into consideration risk factors, including those relating to their customers’ countries or geographic areas, products, services, transactions or delivery channels. Financial institutions must also have in place policies, controls and procedures to mitigate and manage effectively these risks of money laundering and terrorist financing. The aforementioned steps must be proportionate to the nature and size of each financial institution.

This FATF and MLPA oriented CDD/KYC training programme provides participants with guidance on CDD, EDD, PEP, FEP and RBA. It also detailed FATF and MLPA guidance on the customer on-boarding and ongoing account and transaction monitoring processes.

Participants will learn through our blended learning approach, including presentations, case studies, role plays, individual and group exercises, insights from real-world AML/KYC Officers and empirical and theoretical evidence on AML/CDD/KYC.

Programme Objectives

To provide a robust, comprehensive and leading practice CDD, EDD, PEP, FEP and RBA guide to front-line customer facing, relationship management, client engagement, client support employees as well as the compliance officers who advise them. By the end of the programme each participant will be able to:

  • Explain the role of FATF in KYC/AML
  • Explore FATF pronouncements on CDD, EDD, PEP, record keeping, STR, reliance on third party and group entity, DNFBPs and tipping-off
  • Examine MLPA’s pronouncement on CDD, EDD, PEP, threshold reporting, STR, recordkeeping, reliance on third party and group entity, DNFBPs, AML programme, money laundering offences, predicate offences and other offences, as well as penalties
  • Understand the power the Attorney General has to make orders, rules, guidelines or regulations as are necessary for the efficient implementation of the provisions of the MLPA


We are first a research company, and everything we do, be it training or consulting, is based on research we have conducted ourselves or those conducted by others. So, we do not just train on the basis of emotions. Our training programmes are based on strong theoretical and empirical findings. These findings allow us to provide our programmes’ participants up to date perspective on areas of interest.

In addition, we are locals and we understand the business environment. We have a good blend of both consulting and real-world day-to-day practical business experience in Nigeria. We have folded our sleeves before and we can fold it for you. Indeed, we are not just trainers and facilitators, we have a good understanding of how things are done in practice in Nigeria. We pride ourselves to be subject matter experts (SMEs) in the areas we train on. If we cannot provide contemporary insights and in-depth knowledge on a particular subject area, then we would say it from the outset.

Furthermore, we have developed our competencies in a lot of areas and we can be a one-stop shop for your organisation in terms of consulting, training and research (qualitative or quantitative) in the areas of leadership, governance, strategy, change management, risk management, compliance, AML/CFT (for financial institution), ethics, team functionality, emotional intelligence, legendary customer service, internal control and standard operating procedures (SOPs) development. We also go out of our way to adopt the best model for each training programme we offer and we are even ready to go “Down Under” (Australia) if that is where we will find the best model. Aut Optimum Aut Nihil; this Latin maxim is not just a philosophy to us, we live it.

Finally, we have few partner firms in South Africa that we can occasionally collaborate with in areas where we need additional capacity.

Why Attend this Programme?

This programme provides participants with the opportunity to gain in-depth perspectives on FATF and MLPA pronouncements on KYC and CDD. Participants will explore the length and breadth of FATF and MLPA CDD pronouncements and be able to share ideas with facilitators and professional colleagues on the core day-to-day KYC/CDD issues and challenges they are faced with.

With this programme, you will benefit from:

  • Condensed, 2-day Know Your Customer (KYC) training
  • Proven strategies for effectively on-boarding customers and conducting ongoing due diligence and monitoring
  • Real-world examples of KYC challenges and suggested solutions for resolving them
  • Out-of-the-office focus on FATF and MLPA’s oriented CDD and KYC requirements – away from distractions, phone calls, meetings and other interruptions

Lagos, Nigeria
22 – 23 January, 2018

Abuja, Nigeria
TBD (2018)

Port Harcourt, Nigeria
TBD (2018)

Fee (exclusive of tax) 
(US$1,070.96 for foreign participants)