CDD (Customer Due Diligence) performs risk rating at customer onboarding and throughout the customer relationship. The Customer Due Diligence process lets money-laundering risk be managed at the customer level.
Static and Dynamic Risk Scoring
Static and dynamic risk scoring is applied using factors such as country, sector, product, channel, relationship type and PEP status, supporting KYC processes end to end.
Enhanced Due Diligence and Periodic Review
- Enhanced Due Diligence (EDD): In-depth review is applied for high-risk customers.
- Periodic reassessment: The risk score is refreshed at regular intervals to stay current.
Integration
It runs integrated with onboarding and ongoing-monitoring processes; together with the SAM and WLF modules it forms the customer dimension of an end-to-end compliance framework.
