Customer Due Diligence (Dictionary Entry)

Compliance, IAM

Customer Due Diligence

CDD

Customer Due Diligence: FATF Recommendation 10 on CDD is based on four pillars, requiring: 1) identification and verification of customers, 2) identification and verification of beneficial owners, 3) understanding the nature and purpose of transactions, 4) monitoring the clients and their transactions on an ongoing basis.

• Customer Identification (Dictionary Entry)

• Customer Identity (Dictionary Entry)

• Customer Identity Verification (Dictionary Entry)

• World Bank Group and GPFI, 2018