CIP stands for Customer Identification Program, wherein customer identification is established by obtaining information such as name, date, place of birth, nationality, etc. Such information is substantiated using valid identity documents issued by the government, e.g., Emirates ID, Passport, Driving License, etc. CDD stands for Customer Due Diligence, which is a broader connotation of knowing the customer and developing their risk profile before establishing customer relationships and business relations. CDD includes obtaining the customer’s identity, verifying the same, and screening and risk categorizing the customer. CIP is an integral part of the entire CDD process.