What is Customer Due Diligence?
Customer Due Diligence (CDD), is the process where relevant information about the customer is collected from documents, data, or information obtained from reliable and independent sources, in order to verify identities. This is then evaluated for any potential risk for the organisation including any money laundering/terrorist financing activities.
Adding Identification Information to contacts
The Compliance Tab will allow users to easily add identification information for your contacts.
You are able to add information from an array of identification types.
| From the Main Toolbar, go to Contacts | |
| Select Global Contacts | |
| Locate and Select the relevant contact | |
| Select Compliance |
Select Add Identification to add Identification information
Each Identification option allows you to record detailed identification information
And upload and attach the relevant supporting documentation.
PEP Checks
A politically exposed person (PEP) are individuals who hold public office and their immediate family members, close business associates, as well as senior executives of state-owned enterprises.
It is important to know whether you are doing business with different types of politically exposed persons (PEP), because they present a higher risk for potential involvement with money laundering, bribery, and corruption.
| From the Main Toolbar, go to Contacts | |
| Select Global Contacts | |
| Locate and Select the relevant contact | |
| Select Compliance |
Toggle either or
if a PEP Check Required.
Toggling will enable users to record any relevant information and upload supporting documents.
For more information on AML and CDD Requirements, see: