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A customer due diligence (CDD) checklist is a critical part of any business's compliance program. This document helps companies identify and assess the risk associated with their clients. To mitigate those potential threats, businesses must collect information about their customers and take steps to verify it.

Due diligence questionnaire, known as “DDQ”, is a list of frequently asked questions during a M&A transaction or investing. These questions are broken down into categories and work to provide key information to the buyer.

Customer due diligence (CDD) is a series of checks to help you verify your customers' identities and assess their risk profiles. CDD is a regulatory requirement for companies entering into business relationships with a customer and is a big part of anti-money laundering (AML) and Know Your Customer (KYC) directives.

There are four components or requirements of CDD, which include: Customer identification and verification. Understanding the nature and purpose of the business-customer relationship. Beneficial ownership identification and verification. Ongoing monitoring for suspicious activities.

CDD is the process of identifying and verifying the identity of your customer. A reporting institution must be satisfied that the customers are whom they say they are. This includes knowing: the identity of the customer* the identity of beneficial owner i.e. people behind the transaction.

Here is the comprehensive Customer Due Diligence (CDD) Checklist for your easy reference: Collect data on customers or potential customers. Verify the information with government IDs. Screen name against Sanctions, Terrorists, PEPs, or Criminals. Determine the risk profile. Ongoing monitoring of customer relationship.

Some Quick CDD Legalese The application of customer due diligence is required when a firm that is covered by money laundering regulations enters into a business relationship with a customer or a potential customer.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232