CKYCA study plan

Map every customer type in the CDD scope (natural person, legal entity, trust, partnership, PEP-linked) and list the identification data points each one requires

Explain the four core CDD pillars - identification, verification, understanding of purpose and intended nature, and ongoing review - in your own words without notes

Distinguish identification from verification and give three examples of documents or reliable sources used for each

Describe simplified versus standard versus enhanced CDD triggers and where each applies

Identify the timing rules for completing CDD, including what happens when verification cannot be finished before a relationship starts

Summarize the purpose and structure of the FATF Recommendations and explain how national law converts them into binding obligations

List the core elements of an AML/CFT program: internal policies, compliance officer, training, independent testing, and customer risk assessment

Explain the roles of the primary regulator, the financial intelligence unit, and law enforcement in the reporting chain

Describe the three stages of money laundering and place at least two red-flag behaviors at each stage

Outline recordkeeping and reporting duties that attach to CDD files, including retention periods and the standard for when a report must be filed

Define beneficial ownership using the ownership-percentage and control tests and state when each test applies

Trace ownership through a three-tier corporate structure and identify the ultimate beneficial owners

Explain how control can exist without ownership, including nominee arrangements, shareholder agreements, and senior managing official fallback

Describe the identification and verification steps for beneficial owners, including use of ownership charts and independent registries

List common concealment techniques such as shell companies, layered jurisdictions, bearer shares, and trusts with discretionary beneficiaries

Classify at least eight customer or product scenarios as low, medium, or high risk using a documented scoring rationale

Explain the additional measures EDD requires beyond standard CDD and when they must be applied

Describe enhanced scrutiny for politically exposed persons, including source-of-wealth and source-of-funds verification

Assess risk in correspondent banking, private banking, and cash-intensive business relationships

Explain the treatment of high-risk jurisdictions and what a call for countermeasures means in practice

Design a risk-based monitoring plan that sets review frequency and depth from the customer risk rating

Distinguish rules-based from behavior-based transaction monitoring and state the strengths and limits of each

Describe how thresholds and scenarios are tuned and why alert volume alone is not a success metric

Outline the alert workflow from generation through investigation, disposition, and escalation, including documentation at each step

List the elements of a suspicious transaction report and the internal decision points before filing

Explain recordkeeping requirements for CDD files, transaction records, and investigation notes, including retention periods and retrieval expectations

Describe the governance structure of an AML program: board oversight, the compliance officer role, and the three lines of defense

Outline the scope and independence requirements of an AML audit and how findings are remediated

Explain training obligations, including who must be trained, how often, and how effectiveness is measured

Describe how regulatory examinations and information requests are handled and what records must be produced

Summarize the main FATF Recommendations on customer due diligence, beneficial ownership, reporting, and recordkeeping and connect each to exam-relevant obligations

Explain the risk-based approach and how it shapes decisions across CDD, EDD, and monitoring

Describe the sanctions and enforcement consequences of non-compliance and the patterns that attract penalties

Recalculate your weakest domain from practice results and list the specific concepts to re-study

Complete a timed mixed-domain practice set and review every missed question to its root cause

Re-drill the CDD, beneficial ownership, and EDD concepts that produced errors in week 7

Recite the beneficial ownership tests and EDD triggers from memory within two minutes

Walk through two full case scenarios end to end, from onboarding through monitoring and reporting decision

Review your error log and confirm every entry has a corrected rule or definition attached

Take a final timed full-length simulation and confirm readiness against your target score