ECSH33300 - Checking customer due diligence: Contents

During your compliance check, the business should be able to explain their customer due diligence (CDD) policies, controls and procedures and demonstrate to you that the extent of their CDD measures are appropriate to mitigate the risk of money laundering and terrorist financing.

For guidance on the different elements of CDD, see the links below.

1. ECSH33305

   What is due diligence?
2. ECSH33310

   When customer due diligence is required
3. ECSH33311

   Business relationships
4. ECSH33312

   Occasional transactions
5. ECSH33313

   Linked transactions
6. ECSH33314

   How to convert the euro threshold
7. ECSH33315

   Out of scope activity
8. ECSH33320

   What due diligence measures are required
9. ECSH33325

   Confirming customer due diligence measures are appropriate
10. ECSH33326

    Identification and verification
11. ECSH33327

    The purpose and intended nature of the business relationship or transaction
12. ECSH33328

    Customers that are a body corporate
13. ECSH33329

    Customers that are a trust or other legal person
14. ECSH33335

    Enhanced due diligence
15. ECSH33336

    High-risk third countries
16. ECSH33337

    Testing procedures in relation to politically exposed persons (PEPs)
17. ECSH33338

    High-risk situations
18. ECSH33339

    Complex and unusual transactions
19. ECSH33345

    Simplified due diligence
20. ECSH33356

    Documentary evidence
21. ECSH33357

    Electronic verification
22. ECSH33358

    Source of funds and source of wealth
23. ECSH33370

    Targets of UK sanctions regimes
24. ECSH33375

    Ongoing monitoring
25. ECSH33380

    Timing of verification
26. ECSH33385

    Requirement to report discrepancies in registers and obligations on corporate bodies and trustees
27. ECSH33390

    Requirement to cease transactions