CDD information definition

CDD information means all information, evidence, documentation, verification and authorisation required in relation to a Client, each Administered Entity and each Beneficiary necessary to verify the identity of the Client and any ultimate beneficial owner and beneficiary or any person connected with the foregoing which Entrust considers necessary and/or desirable to identify; all relevant source of wealth and source of funds information related thereto; and the rationale for each Administered Entity, structure and transaction explained to the satisfaction of Entrust.
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CDD information means the customer due diligence information and particulars set out in the Schedule;
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CDD information means the customer due diligence information and particulars specified in the Regulations’
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Examples of CDD information in a sentence

  • We will keep records of any CDD information and documents you provide to us in accordance with the Privacy Notice referred to in Section 17.

  • We will keep records of any CDD information and documents you provide to us in accordance with the Privacy Notice referred to in Section 15.

  • While therefore we may agree such a sale in principle, we will not be able to conclude (i.e. receive funds, give up possession or transfer title) it until we have received all the necessary CDD information from you and have been able to verify it as required by the regulation.

  • The purpose of these reviews is to determine if the customer's activity is reasonable, CDD information is current and complete, and the customer risk rating is accurate.

  • We will keep record of any CDD information and documents you provide to us in accordance with our Privacy Policy referred to in clause 15 of this Agreement.

  • CDD/EDD and customer risk identification processes shall provide for the capture and assessment of sufficient CDD information on all customers to understand the nature and purpose of the customer in order to generate a customer risk profile.

  • Prosper’s CDD processes includes periodic risk- based monitoring of the customer relationship to determine whether there are substantive changes to the original CDD information (e.g., change in employment or business operations).

  • The program shall be commensurate with the Bank's BSA/AML risk profile, and shall provide appropriate staff throughout the Bank with automated ready access to CDD information.

  • The provision of CDD information to Moneycorp shall not prevent Moneycorp from requesting further CDD information.

  • For the avoidance of doubt, this includes without limitation (i) the failure of the Client to provide Moneycorp with the correct information in connection with an Order and/or Contract and to keep that information up to date; and (ii) the failure of the Client to provide Moneycorp with CDD information when requested.