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Glossary

CDD

Customer Due Diligence

FinCEN's four pillars for verification.

CDD is the baseline obligation to identify a customer, understand the nature of the relationship, identify beneficial owners, and monitor on an ongoing basis. For business customers it is the reason KYB exists as a discipline.

See also

KYB

Verifying a business customer and the people behind it.

EDD

Deeper verification for higher-risk relationships.

SDD

Reduced measures where risk is demonstrably low.

Ongoing monitoring

Verification treated as continuous rather than one-off.

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