Customer Due Diligence (CDD)
GPTKB entity
Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Anti-money laundering process
|
| gptkbp:alternativeName |
gptkb:CDD
|
| gptkbp:appliesTo |
Existing customers
New customers |
| gptkbp:documentedIn |
CDD policy
CDD procedures |
| gptkbp:frequency |
Periodically
At onboarding When risk changes |
| https://www.w3.org/2000/01/rdf-schema#label |
Customer Due Diligence (CDD)
|
| gptkbp:includes |
Risk assessment
Ongoing monitoring Beneficial ownership identification Customer identification Customer verification |
| gptkbp:level |
Enhanced Due Diligence (EDD)
Simplified Due Diligence (SDD) |
| gptkbp:performedBy |
Financial institutions
Compliance officers Relationship managers |
| gptkbp:purpose |
gptkb:Know_Your_Customer_(KYC)
Prevent money laundering Prevent terrorist financing |
| gptkbp:regulates |
gptkb:FinCEN
gptkb:Office_of_Foreign_Assets_Control_(OFAC) gptkb:Financial_Conduct_Authority_(FCA) |
| gptkbp:relatedTo |
gptkb:Anti-Money_Laundering_(AML)
gptkb:Know_Your_Customer_(KYC) Counter-Terrorist Financing (CTF) |
| gptkbp:requires |
gptkb:Financial_Action_Task_Force_(FATF)
gptkb:European_Union_AML_Directives Customer information Identity documents Bank Secrecy Act (USA) Nature of business relationship Proof of address Source of funds |
| gptkbp:result |
Customer risk profile
Ongoing monitoring requirements Reporting of suspicious activity |
| gptkbp:triggeredBy |
Large transactions
High-risk customers Suspicious activity |
| gptkbp:usedIn |
gptkb:insurance
Banking Financial services Securities industry |
| gptkbp:bfsParent |
gptkb:KYC_Guidelines
|
| gptkbp:bfsLayer |
7
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