News
AML/CFT Legal Obligations for Accountants
05-Aug-2024
Customer due Diligence (CDD)
Customer Due Diligence (CDD) is an important measure available to accountants to prevent money laundering and avoid their practices being used by criminals to launder the proceeds of crime. In order to understand the money laundering risks that they face, accountants must verify the identities of their customers, and the nature of the business in which they are involved. The process of establishing customer identities is known as Customer Due Diligence (CDD).
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