Crypto-Asset Regulation · glossary
Checking who a client is before doing anything for them: identity, address, sanctions and politically-exposed-person screening, and a risk rating. A high-risk client gets enhanced due diligence. No client trades, deposits or withdraws until the checks are complete. Binder §7.2 · Chapter 7
Explained in Chapter 7, AML and the Travel Rule, of Crypto-Asset Regulation.
The main page for this term is Client due diligence (CDD), in Anti-Money Laundering.
The first duty is customer due diligence (CDD), which means checking who a client is before doing anything for them. Halcyon's rule allows no exceptions…Read Chapter 7, AML and the Travel Rule →
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