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Search results with tag "Simplified cdd"
Know Your Customer (KYC) and Anti Money Laundering (AML ...
www.siddharthabank.comSimplified Customer Due Diligence (SCDD) Simplified Customer Due Diligence is the lowest level of due diligence that can be completed to the customer. Simplified CDD is the information obtained for all customers to verify the identity of a customer and assess the risk associated with that customer. Simplified Due
THE MONETARY AUTHORITY OF SINGAPORE
www.mas.gov.sgthe CDD measures. Thus, paragraph 5 on simplified CDD allows a bank to take lesser measures than those specified in paragraph 4 of the Notice provided that the conditions for simplified CDD are met. This will largely be a matter for individual banks to assess, but the bank must be able to justify its decision.