Customer Due Diligence for Accountants - Identify, Assess & Verify

Introduction

Effective Customer Due Diligence (CDD) is a cornerstone of Anti-Money Laundering (AML) compliance. According to the National Risk Assessment, firms with weak AML procedures risk being exploited by criminals to facilitate money laundering.

The ICAEW’s AML Annual Report 2024/25 highlights that CDD is the area most often linked to non-compliance, with 12.6% of accountancy firms showing ineffective risk documentation.

The CCAB guidance identifies three essential stages of CDD: identifying the client, assessing risk, and verification. Ensuring these steps are properly implemented, documented and regularly monitored is critical for compliance.

Ensure your firm’s CDD procedures are robust, fully documented and consistently applied with this short, informative webinar.

What You Will Learn

This webinar will cover the following:

• The CDD requirements under the Money Laundering Regulations
• Detailed guidance on the three stages of CDD: identifying clients, assessing risk and verification
• Best practices for ongoing monitoring and when it is required
• Options for document verification: paper versus electronic ID
• CDD procedures for both individuals and corporate entities
• Key documentation you need to maintain

This pre-recorded webinar will be available to view from Tuesday 23rd June 2026

Alternatively, you can gain access to this webinar and 2,300+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.