What is Customer Due Diligence?
Customer Due Diligence or CDD, is the process where relevant information about the customer is collected and evaluated for any potential risk for the organisation or money laundering/terrorist financing activities.
Adding Identification Information to contacts
The Compliance Tab will allow users to easily add identification information for your contacts.
You are able to add information from an array of identification types.
From the Main Toolbar, go to Contacts | |
Select Global Contacts | |
Locate and Select the relevant contact | |
Select Compliance |
Select Add Identification to add Identification information
Each Identification option allows you to record detailed identification information
And upload and attach the relevant supporting documentation.
PEP Checks
A politically exposed person (PEP) refers to an individual, their immediate family members, or associates with significant business relationships to the individual, who currently holds or has held a prominent public position in a foreign country within the last 12 months. This may include high-ranking government officials, heads of state, or individuals with a recognizable public profile in politics.
Upon initiating a business relationship or carrying out a one-time transaction or activity, a reporting entity is obligated to promptly undertake reasonable measures to ascertain if the customer or any beneficial owner is a politically exposed person.
From the Main Toolbar, go to Contacts | |
Select Global Contacts | |
Locate and Select the relevant contact | |
Select Compliance |
Toggle either orif a PEP Check Required.
Toggling will enable users to record any relevant information and upload supporting documents.
Verification Checks with Cloud Check
A brand new integration with Cloudcheck allows users to verify the identity of their clients with a click of a button!
Using the uploaded/recorded identification information, Cloudcheck will be able to run a verified ID check. Once the identity verification check has been completed, an Evidence Report by Cloudcheck will automatically be attached to the contact record in CAS 360.
From the Main Toolbar, go to Contacts | |
Select Global Contacts | |
Locate and Select the relevant contact | |
Select Compliance |
Select
At least 1 type of identity proof is required to verify the contact. Attachments are not mandatory.
Connect to Cloudcheck to complete the identity verification.
Confirm the Contact Name and Verification Provider and click Proceed.
Optional: Enter a reference for the verification. This will be stored in the user's Cloudcheck account and will be noted on the cloudcheck invoice.
Select "Verify Identity with Cloudcheck".
Once successful, the following status will automatically appear, and a tick will display against the contact.
Locate the Compliance Tab of the contact. Cloudcheck will automatically attach an Evidence Report against the contact record in CAS 360.
For more, see:
For more information on AML and CDD Requirements, see: