CDD

Generate an educational and engaging infographic-style image that illustrates key terms and concepts related to Customer Due Diligence, such as AML, PEP, and risk assessment in a corporate environment.

Customer Due Diligence Quiz

Test your knowledge on Customer Due Diligence (CDD) and its essential components. This quiz covers key terms like Anti-Money Laundering (AML), Enhanced Due Diligence (EDD), and more!

Enhance your understanding and ensure compliance in your organization:

Learn about crucial acronyms and definitions.
Assess your grasp on compliance procedures.
Improve your ability to identify potential risks.

13 Questions3 MinutesCreated by AssessingExpert27

True or Falls: Customer Due Diligence (CDD) is the process of obtaining, retaining and using information about a Customer. This includes establishing the source of the client’s income or funds, financial circumstances and the nature of the transactions undertaken. This concept applies to natural persons, companies, partnerships, close corporations, trusts and other legal persons /entities. CDD is required to ensure that we are able to identify suspected fraudulent transactions and to combat money laundering and terrorist financing (i.e. Anti-Money Laundering, AML).

False

True

Select the correct meaning of AML

Anti-Money Laundering

Access-Money Laundering

Available Money Left

Choose the correct meaning for EDD

Enhanced Deal Dividence

Enhanced Due Diligance

Enhanced Due Delivey

Choose the Correct meaning for FICA

Financial Intellectual Centre Access

Financial Intelligence Centre Ac

Financial Internet Center Act

Choose the correct meaning for GMLCO

Group Money Lending Center Office

Group Money letting Center Office

Group Money Laundering Control Office

What is the meaning of PEP

PEP Store

Politically Exposed Person

Persons Exposed Politically

Select The Correct Meaning of PIP

Political Influenced Person

Persons Influential Politically

Prominent Influential Person

Select The Correct meaning of RTS

Rear Time Screen

Real Time Screening

Ready Timing Screening

True of False: The Abbreviation for STR is Suspicious Transaction Reporting

True

False

What Does TRP Stand For?

Terrorist Poverty Reporting

Terrorist Property Reporting

Terrorist Prayer Reporting

What documents are required for a Juristic?

True or False: The documents must be verified by the relevant authorised Bank representative, agent (e.g. courier, attorneys) or third party sources (E.g. Department of Home Affairs)

True

False

None of the above

How do we CDD a Customer?

Customer Due Diligence Quiz

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