Customer Due Diligence (CDD)
- How do you handle high-net-worth individuals (HNWIs) in KYC processes?
- What are the typical KYC documentation requirements for corporate clients?
- Explain the term ‘Ongoing Monitoring’ in the context of KYC.
- What is a KYC risk assessment?
- How do you verify the source of funds in CDD?
- How do you handle discrepancies in customer identification information?
- What is the purpose of Enhanced Due Diligence (EDD)?
- What is the purpose of verifying a customer’s source of funds?
- Describe the process of the Customer Identification Program (CIP).
- What information is typically required for CDD?
- What is the difference between Basic Due Diligence (BDD) and Enhanced Due Diligence (EDD)?
