CDD customer risk assessment form
CDD customer risk assessment form

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • CDD customer risk assessment form

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP day mean for Risk & Compliance?

    1. 1

      When to use this form

      You must complete this form for every:

      1. 1.1

        new customer, and

      1. 1.2

        existing customer where:

        1. 1.2.1

          there has been a gap in contact of [three] years or more

        1. 1.2.2

          the circumstances of an existing customer have changed (eg identity/beneficial owner, etc)

        1. 1.2.3

          a proposed matter/transaction is not consistent with our knowledge of the customer

        1. 1.2.4

          there is a change in the purpose or intended nature of our relationship with the customer

        1. 1.2.5

          there is any other matter which affects our assessment of the risk of money laundering or terrorist financing the customer presents

    1. 2

      Customer details

      Customer name:[Insert name]Customer reference number:[Insert number]
      Is the customer based in the UK?
      If no, state base country of customer
      ☐ Yes
      ☐ No
      [Insert country]
      Customer type ☐ Individual or individuals (ignore sections 3 and 4)
      ☐ Company
      ☐ LLP
      ☐ Partnership
      ☐ Trust
      ☐ Other (please state): [state]
      Has the customer been met face-to-face? ☐ Yes
      ☐ No
      Is

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