CDD Policy

A CDD (Customer Due Diligence) policy is a formal document that outlines an organization’s approach to verifying customer identities, assessing risk, and maintaining compliance with anti-money laundering (AML) regulations. This policy includes guidelines for customer onboarding, ongoing monitoring, risk-based approaches, and escalation procedures. A clear CDD policy ensures consistency in due diligence practices and helps protect the organization from financial crimes.

Regularly reviewing and updating the CDD policy helps organizations adapt to regulatory changes and evolving risks.