# Customer due diligence checklist for banks pdf **<br>Rating: 4.8 / 5 (1034 votes)<br>Downloads: 30290<br><br><a href="https://rubito.calendario2023.es/NFNJp8?keyword=customer+due+diligence+checklist+for+banks+pdf">CLICK HERE TO DOWNLOAD</a>**<br><br><br><br><br><br><br><br><br><br> Schedule of customer concentrations. This customer due diligence Checklist pulls together requirements in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations (MLR), SI /, as amended in relation to the obligation to conduct customer due diligence (CDD). Rent Roll. Personal financial statements for Guarantor(s) Personal Tax Returns. Schedule of ownership interests. Schedule of ownership interests. The ultimate responsibility for knowing customers always lies with the bank Financial institutions should apply customer due diligence to all potential customers, but the choice to perform standard, simplified, or enhanced due diligence is based on the type of customer, the bank’s policies, and the laws and regulations covering them Adequate due diligence on new and existing customers is a key part of these controls. Guidance on Enhanced Due Diligence, depending on the assessed risk of the customer. Without this due diligence, banks can become subject to reputational, operational, legal and concentration risks, which can result in significant financial costIn reviewing the findings of an internal survey of cross-border banking in, the Basel Download this checklist to learn: Steps for Customer Due Diligence to help strengthen your institution’s program. Accounts Receivable and Accounts Payable aging reports To identify, mitigate and manage money laundering and terrorism financing (ML/TF) risk, Checklists. Occurrences when further Enhanced Due Diligence should be conducted List of management team members, titles, and years of service. Personal financial Download this checklist to learn: Steps for Customer Due Diligence to help strengthen your institution’s program. Schedule of customer concentrations. ,  · List of management team members, titles, and years of service. Three year’s Corporate Tax Returns. Your customer identification procedures – know your customer (KYC) procedures – must be documented in Part B of your AML/CTF program. Most recent Borrowing Base Certificate. All AML/CTF programs must include a Part B program. It also contains recommended actionsThe Basel Committee recommends that banks that use introducers should carefully assess whether the introducers are “fit and proper” and are exercising the necessary due diligence in accordance with the standards set out in this paper. Guidance on Enhanced Due Diligence, depending on the The organizational due diligence phase provides perspective surrounding the ownership of the business, which will be critical to consider when acquiring or merging with a As a reporting entity, you must identify and know your customers.