CDD Update

A CDD (Customer Due Diligence) update involves revisiting and revising customer information to reflect any changes in their profile, risk status, or regulatory requirements. Updates are necessary when a customer’s circumstances change, such as new beneficial ownership, increased transaction volumes, or changes in geographic exposure. Keeping CDD information current helps organizations maintain accurate risk assessments and stay compliant with regulations.

Regular CDD updates ensure that customer data remains reliable and that potential risks are detected early.