What is CUSTOMER DUE DILIGENCE (CDD) in AML - KYC | When & Why to perform customer due diligence

In this video, We have covered the basics definition of Customer Due Diligence, When to perform customer due diligence like at the time of on-boarding, periodic review etc., main elements of CDD (Customer due diligence) such as Customer identification, customer acceptance, risk rating etc. Customer due diligence is the process of identifying your customer and remove an anonymity around customer profile. It is performed on the customer to ensure that they are properly risk assessed before being on-boarded. It help us to understand the customer profile and this need to kept updated periodically basis either risk events or due to periodic review of the profile. Link :    / @amltraining   https://www.amltrainingzone.com/