2 mins reading time
Acin wins Risk.net’s OpRisk Innovation of the Year, for second year in a row
Also known as Customer Due Diligence (CDD) and Know Your Customer (KYC). This is usually a compliance-oriented identity verification process to ensure the customer is who they say they are, as part of a financial crime prevention program. However, CDD can also involve financial viability checks to ensure the client is capable of engaging with the product or service over the period of the contract.