Introductory BSA/AML Examiner School, Atlanta, CA

Core CDD Exam Procedures

Customer Due Diligence (CDD)

Key Elements of CDD

– Obtaining and maintain sufficient information to predict the products/services and transactions in which the customer is likely to engage. – Assigning a risk rating to the customer based on their potential for money laundering. – Periodically reviewing the appropriateness of the customer’s risk rating.