Customer Due Diligence vs Enhanced Due Diligence: Key Differences
Customer Due Diligence vs Enhanced Due Diligence is an important distinction in banking compliance and anti-money laundering (AML) procedures. Both processes help financial institutions understand their customers, assess potential risks, and identify activity that may require further investigation. However, they are not the same. Customer Due Diligence (CDD) establishes a customer’s identity, financial profile, and … Read more