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ICA Certificate in KYC and CDD — Information & Free Practice

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About ICA Certificate in KYC and CDD

ICA Certificate in KYC and CDD · GB

Key exam facts

Provider
International Compliance Association (ICA); certification awarded in association with Alliance Manchester Business School, the University of Manchester.
Format
Online multiple-choice examination, available at any point during studies.
Exam questions
Total questions: 25.
Time limit
One hour for the examination; course access up to two months is separate.
Passing score
70% minimum pass mark; ICA specifies at least 18 correct answers out of 25.
Exam fee
GBP £765 course fee; non-members also pay £195 for 12 months of ICA membership. Applicable taxes added at checkout. Course fee includes two assessment attempts; a third and final attempt costs extra.

Topics covered

  • CDD – Why Bother?

    • What is customer due diligence?
    • Why is CDD important?
    • Regulatory drivers: AML, tax, conduct of business
    • CIP vs. CDD vs. KYC – an overview of terms
    • The international perspective – EU ML directives, US, APAC

  • The Risk-Based Approach To CDD

    • What is a risk-based approach?
    • Navigating key risk factors and common red flags
    • Applying simplified, standard and enhanced due diligence
    • Risk rating and acceptance
    • Firm-wide risk assessments

  • Key CDD Concepts

    • Private persons vs. legal entities
    • Customer verification
    • Customer profile
    • Nature and purpose of the relationship
    • Beneficial ownership and control
    • Ongoing monitoring, customer screening

  • Core KYC Frameworks

    • The CDD process and its key stakeholders
    • Recording KYC information – data management, KYC templates
    • Elements of an effective KYC infrastructure
    • Industry-wide KYC utilities and other emerging trends

  • What It Is Like Working In KYC

    • The 3 dimensions of KYC – risk, operations, service
    • The importance of working to policy standards
    • Common practices in different industries
    • Ownership & accountability: 3 Lines of defence, escalation paths
    • Overview of industry guidance and resources

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Online multiple-choice examination, available at any point during studies.

How many questions are on the exam?

Total questions: 25.

How long is the exam?

One hour for the examination; course access up to two months is separate.

What is the passing score?

70% minimum pass mark; ICA specifies at least 18 correct answers out of 25.

How much does the exam cost?

GBP £765 course fee; non-members also pay £195 for 12 months of ICA membership. Applicable taxes added at checkout. Course fee includes two assessment attempts; a third and final attempt costs extra.

Official sources and references

Confirm current exam arrangements with the exam provider.