Due diligence methods
Due diligence methods - Identity & compliance.
5 of 5 topics shown
- Due diligence methodsCustomer Due Diligence (CDD)Customer Due Diligence is the work of establishing a customer’s identity, understanding the relationship and assessing its risks. For a corporate customer, the file often combines company identity, ownership, representatives and an explanation of the intended activity. The aim is an evidence-supported decision that can be reviewed later, rather than a collection of unchecked documents.
- Due diligence methodsEnhanced Due Diligence (EDD)Enhanced due diligence applies deeper investigation to relationships whose risks or applicable requirements call for additional evidence.
- Due diligence methodsSimplified Due Diligence (SDD)Simplified due diligence adjusts the intensity of checks where the applicable framework permits a lower-risk approach.
- Due diligence methodsRisk-Based ApproachA risk-based approach allocates controls and review effort according to the assessed likelihood and impact of relevant risks.
- Due diligence methodsCustomer Risk AssessmentCustomer risk assessment evaluates the factors that make a particular customer relationship more or less exposed to relevant risks.