Customer Due Diligence (CDD) definition

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner.

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner using ‘Officially Valid Documents’ as a ‘proof of identity’ and a ‘proof of address’.

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner using reliable and independent sources of identification.

Examples of Customer Due Diligence (CDD) in a sentence

• The outcome of this process is to produce a risk rating for a customer, which determines the level of Customer Due Diligence (CDD) which will apply to that customer under chapter 7.

• The Manager will thereafter perform a Customer Due Diligence (CDD) to identify the risk profile of each customer and will continuously monitor each customers risk profile should there be any changes.

• By completing this letter in lieu of any other documents listed in the AML Supplement, the investor acknowledges that BNY Mellon is placing reliance on the Relevant Third Party, confirms that Customer Due Diligence (CDD) documentation will be made available and also confirms that the entity has adequate anti-money laundering policies and procedures in place which are consistent with all applicable anti-money laundering laws and regulations with the regulated jurisdiction in which they operate.

• However, transactions in existing accounts shall be continuously monitored and any unusual pattern in the operation of the account should trigger a review of the Customer Due Diligence (CDD) measures.

• Such documents shall be filed and retained by the Managers in accordance with relevant laws.The Managers will thereafter perform a Customer Due Diligence (CDD) to identify the risk profile of each customer and will continuously monitor each customer risk profile should there be any changes.

More Definitions of Customer Due Diligence (CDD)

Customer Due Diligence (CDD) means identifying and verifying the customer and the Beneficial Owner using ‘Officially Valid Documents’ or ‘Identification information as mentioned under section 15 of the RBI’s Guidelines, as a ‘proof of identity’ and a ‘proof of address’ in the manner provided under this Policy read along with the manner prescribed under the RBI’s Guidelines on “Know Your Customer” and Anti-Money Laundering Measures, as amended from time to time.

Customer Due Diligence (CDD) means “Client Due Diligence” as defined under rule 9 of the Rules and the amendments thereto.

Customer Due Diligence (CDD) means identifying and verifying the

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner. v. “Customer identification” means undertaking the process of CDD.

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner. Further, the company may obtain KYC Identifier with explicit customer consent to download KYC records from CKYCR, for the purpose of CDD.

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficial owner using ‘Officially Valid Documents’ as a ‘proof of identity’ and a ‘proof of address’. If customer is a legal entity, we need to identify who stands behind them. Identify & verify the identity of the ultimate beneficial owner (“UBO”) of a legal entity – and there may be more than one. This process known as Customer Due Diligence (“CDD”). Process shall be carried using reliable and independent sources of identification.

Customer Due Diligence (CDD) means identifying and verifying the customer and the beneficialowner.