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Home » Glossary Terms » Customer Due Diligence (CDD)

Customer Due Diligence (CDD)

The process by which a firm gathers sufficient information regarding a customer to enable it to adequately assess the potential AML & CFT risks the customer poses. It is often referred to within the industry as know your customer/client (KYC), although CDD tends to relate specifically to AML, whereas the term KYC may also be used where the firm is required to gather information regarding a client prior to providing a service (such as investment advice) to the client.

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