Customer Due Diligence (CDD)

Customer Due Diligence (CDD) is the process of verifying a customer’s identity and assessing their risk level before and during the course of a business relationship. CDD is a fundamental part of anti-money laundering (AML) compliance and involves collecting and analyzing information about customers to detect suspicious activities. Enhanced due diligence (EDD) may be required for higher-risk customers.

Implementing thorough CDD practices helps organizations mitigate risks and comply with regulatory requirements.