CDD is a process in which a financial institution gathers et assesses information about its customers to understand the nature of their activities et identify potential risks. The goal is to ensure that the customer is not engaged in illegal or suspicious activities, such as money laundering or fraud.

With Kang Fintech Solutions’ APIs, financial institutions can:

  • Automatically gather necessary customer information during account setup et transactions.

  • Assess risk profiles of customers to determine the level of scrutiny required.

  • Stay compliant with COBAC’s CDD guidelines to reduce risks.

Importance for Clients:

  • Ensures financial institutions can identify et mitigate high-risk clients.

  • Helps protect against financial crimes et liabilities.

  • Facilitates smoother compliance audits et regulatory reviews.