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May 5, 2017

Understanding Know Your Customer (KYC) and Customer Due Diligence (CDD)

Anti–Money Laundering (AML) and Counter Terrorist Funding (CTF) efforts involve the little-known world of Know Your Customer (KYC) and Customer Due Diligence (CDD) regulations. These involve an intensive review of account applications, resolute investigation to verify new customers’ information and ongoing monitoring of established customers’ transactions. Working on KYC/CDD teams is not glamorous; many outside […]

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