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When do I need to do CDD?
Jessica avatar
Written by Jessica
Updated over a year ago

You must conduct CDD in the following circumstances:

  1. When you establish a business relationship with a new client for a captured activity.

  2. A client seeks to conduct an occasional transaction or occasional activity through you.

  3. In relation to an existing client, and according to the level of risk involved:

    • There has been a material change in the nature or purpose of the business relationship; and

    • you consider that you have insufficient information about the client.

  4. As soon as practicable after you become aware that an existing account is anonymous.

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