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I Have Dealt With My Clients For Many Years , Do I Still Need To Carry Out Customer Due Diligence? |
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Answer» You need to KEEP CDD up-to-date for all your clients. You may have sufficient documentary ID details on your files but if there has been any subsequent CHANGE to their circumstances or risk PROFILE, you should update your CDD. It is advised to review clients’ CDD on a REGULAR BASIS. You need to keep CDD up-to-date for all your clients. You may have sufficient documentary ID details on your files but if there has been any subsequent change to their circumstances or risk profile, you should update your CDD. It is advised to review clients’ CDD on a regular basis. |
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