What is Customer Due Diligence (CDD)?

Under Section 7 (A) of Anti-Money Laundering (Second Amendment) Act 2010, ACM Gold (Pvt) Ltd conduct CDD in the following matters:

  • Entering into a business relationship;
  • Conducting transaction above the prescribed threshold;
  • there is a suspicion of ML/TF
  • there are doubts about the accuracy of previously obtained data.
As a part of CDD, ACM Gold (Pvt) Ltd also;
  • Identify and verify the customer’s identity;
  • Identify and verify beneficial owner’s identity;
  • Understand the purpose of the business relationship;
  • Monitor the business relationship on an ongoing basis.