Customer due diligence (CDD) is a critical component of the UK's anti-money laundering and counter-terrorism financing (AML/CTF) rules. It involves verifying the identity of your clients and understanding the nature and purpose of their business relationships. This process helps identify potential risks of money laundering and terrorism financing.
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CDD and Client Risk Assessment Processes
Dec 31, 2021 · 4.8 MB Download
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To comply with the AML/CTF regulations, it's essential to formally document the information obtained during the CDD process. The downloadable CDD forms provided here are designed to help you record all necessary details accurately and efficiently.
Risk level assessment associated with each business relationship is required under UK AML/CTF rules. Our client risk assessment process, included in the CDD forms, guides you through evaluation of a variety of risk factors, including a client’s business activities, geographic location, and the nature of financial transactions.
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