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Home / Legal / Due Diligence / What is Customer Due Diligence CDD?
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What is Customer Due Diligence CDD?

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Summary
Customer Due Diligence (CDD) is the process financial institutions and other regulated businesses use to verify a customer's identity and assess the risk they pose before and during a business relationship. It involves collecting identity documents, confirming the customer's address, understanding the purpose of the account or transaction, identifying beneficial owners, and monitoring activity regularly. CDD helps prevent money laundering, fraud, and terrorist financing, and ensures compliance with regulations such as KYC norms.
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