Customer Due Diligence definition

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

Customer Due Diligence means a process which involves establishing the identity of a client, the identity of the client’s beneficial owners in respect of legal persons and monitoring all transactions of the client against the client’s profile;

Customer Due Diligence means the measures prescribed by the Money Laundering Regulations 2007 or any other Applicable Law;

Examples of Customer Due Diligence in a sentence

• In such an event, the Bank will obtain approval from its senior management to continue the business relationship and subject the account to the Customer Due Diligence measures as applicable to the customers of PEP category including enhanced monitoring on an ongoing basis.

• The Client may be required to complete an ECDD (Enhance Customer Due Diligence) form.

• You will comply promptly with all requests for information that we make for the purpose of meeting our operational and legal requirements to carry out Customer Due Diligence in relation to you (including providing personal information about your directors and beneficial owners).

• New Customer Due Diligence procedures for mobile payments have been designed to balance the risks of fraud and money laundering with the benefits of expanding access.

• Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Criminal Finances Xxx 0000 the Agent is legally obliged to undertake Customer Due Diligence.

More Definitions of Customer Due Diligence

Customer Due Diligence or “CDD” means.-

Customer Due Diligence the process we are required to go through to verify the identity of our Customers;

Customer Due Diligence means the steps which a financial services business is required to carry out pursuant to regulation 4(3),

Customer Due Diligence means personal documentation supplied by you to us to confirm your name and current address, in order to meet our regulatory requirements.

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

Customer Due Diligence means Know Your Customer Checks, checks required under AML Laws and checks to ensure compliance with applicable Sanctions Regimes.

Customer Due Diligence or “CDD” means the process of identifying or verifying the information of a customer or Beneficial Owner, whether a natural or legal person or a legal arrangement, and the nature of its activity and the purpose of the business relationship and the ownership structure and control over it.