Introduction

What is Customer Due Diligence (CDD)?

Who does the agency have to conduct CDD on?

Undertaking CDD on a new client

What is required to identify the client and other relevant people?

Determining ownership and structure

Questions 1 - 4

Identification and verification of documentation

Verifying documentary evidence

Electronic verification of name, date of birth and address

Verifying a client’s address

Checking the validity of documents provided

Checking identity documents

Checking proof of address documents

Statement to confirm validity

Questions 5 - 8

Approaching the need for additional information

Reporting to authorities

Summary of the AML/CFT responsibilities of the agency

Scenario 1

Question 9 - Scenario 1

Scenario 2

Question 10 - Scenario 2

Appendix 1: Information required to identify the client(s)

Appendix 2: Required documents for verification/certification of identity