Customer Due Diligence (CDD)

Customer Due Diligence (CDD) involves verifying the identity of potential customers to assess the risk they may present, including the potential for money laundering and terrorist financing activities. This process gathers pertinent information about customers, enabling organizations to make informed risk assessments. As part of this process, organizations typically collect the customer’s personal details, such as their full name, address, and official government documentation containing their picture and date of birth.