Enhanced Due Diligence (EDD) & High-Risk Clients – Canada Edition

"Course 6 of 8 in the StudyAML Canada Series. Enhanced Due Diligence (EDD) & High-Risk Clients – Canada Edition helps financial professionals understand how to identify, assess, and manage higher-risk relationships in compliance with FINTRAC and the PCMLTFA. This practical, principles-based course blends regulatory guidance with real-world application — equipping learners to strengthen oversight, improve documentation, and protect their institution’s reputation."

20 - 25 minutes

Certificate Included

Canada

Description

This self-paced course is part of StudyAML’s Annual AML/ATF Refresher Series for Canadian financial professionals. It explores how Enhanced Due Diligence (EDD) protects institutions from financial crime and strengthens compliance with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Through practical examples and guided learning, you’ll understand when EDD applies, how to identify high-risk clients, and the steps required to document and escalate findings. You’ll also discover how technology, leadership, and strong governance work together to sustain effective due diligence practices.

What will you learn?

Module 1 – Understanding Enhanced Due Diligence
Learn what Enhanced Due Diligence means under Canadian AML/ATF laws and why it is essential for protecting both institutions and the financial system.
Module 2 – Identifying High-Risk Clients
Explore how to identify clients, industries, and jurisdictions that present higher risks, and understand the red flags that signal the need for EDD.
Module 3 – Conducting Enhanced Due Diligence
Walk through the step-by-step process of conducting EDD — from identifying triggers and gathering documentation to verification, escalation, and recordkeeping.
Module 4 – Uncovering Beneficial Ownership
Understand how to identify and verify beneficial owners in complex structures to ensure transparency and compliance with the PCMLTFA.
Module 5 – Monitoring and Technology in EDD
Discover how ongoing monitoring and the use of automation, data analytics, and AI enhance accuracy, efficiency, and proactive risk management.
Module 6 – Building a Robust EDD Framework
Learn how to design an EDD framework that aligns policy, governance, training, and technology to maintain compliance and build organisational integrity.

Course Content

Module 1 – Understanding Enhanced Due Diligence

Module 2 – Identifying High-Risk Clients

Module 3 – Conducting Enhanced Due Diligence

Module 4 – Uncovering Beneficial Ownership

Module 5 – Monitoring and Technology in EDD

Module 6 – Building a Robust EDD Framework