AIMA Guide to Sound Practices for Customer Due Diligence

Customer due diligence is a vital part of investor onboarding for funds, investment managers and fund administrators. It encompasses anti-money laundering checks, sanctions checks and beneficial ownership reporting. We worked with AIMA to prepared a new Guide to Sound Practices for Customer Due Diligence, which focuses on key areas of the process including:
  • establishing a risk-based approach, 
  • approaches to due diligence including with respect to crypto assets and identification of underlying beneficial owners,
  • virtual/digital CDD, 
  • sanctions screening, 
  • internal governance, and outsourcing