KYC and CDD Best Practices

With the increase in inappropriate activity as a consequence of the recent crises both Know your Customer (KYC) and Customer Due Diligence (CDD) have come into much greater focus. Firms are seeking to identify additional work to be conducted to enable the risks associates with these activities to be reduced. Problems exist in all areas of banking from high net worth individuals to companies, small and medium sized enterprises and other structures of organization.