Assertion: customer diligence | /r/HasProperty | cdd
Facets:
Source sentences:
text: Senior management is spending increasingly more on time on KYC and Customer Due Diligence (CDD), staff is getting bogged down on fulfilling compliance requirements, and customers are getting frustrated due to delays and difficult onboarding processes.
text: To translate: Don’t forget to perform Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) to make sure you Know Your Customer (KYC)!
text: Information on Complying with the Customer Due Diligence (CDD) Final Rule
text: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are the cornerstones of effective customer risk management.
text: For any financial institution, customer due diligence (CDD) is par for the course; you need to take steps to Know Your Customer (KYC) to comply with Anti-Money Laundering laws (AML), as well as protect yourself from bad actors and fraud.
text: In the second stage, they perform customer due diligence (CDD), in which the bank verifies that documents are legitimate, then quantifies the level of risk that customer is involved in illegal activities, based on certain factors.
text: For any financial institution, customer due diligence (CDD) is par for the course; you need to take steps to Know Your Customer (KYC) to comply with Anti-Money Laundering laws (AML), as well as protect yourself from bad actors and fraud.
text: The second step is Customer Due Diligence (“CDD”) which requires the bank to obtain information to verify the customer’s identity and assess the risk.