{"Term":"Customer due diligence","Definition":"\u003cp\u003e\u003ca name=\"cdd\"\u003e\u003c/a\u003eCustomer due diligence (CDD) is a process that is completed with a New Zealand reporting entity. As part of this process the reporting entity will need to:\n\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003egather information about a customer\u0027s identity\u003c/li\u003e\n    \u003cli\u003everify a customer\u0027s identity to make sure the customer is who they say they are.\n    \u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThis process aids the detection, management and mitigation of the risk of money laundering and the financing of terrorism.\n\u003c/p\u003e\n\u003cp\u003eYou must already be, or become, a customer of a New Zealand reporting entity so that CDD can be carried out by them. If you aren\u0027t a customer of a New Zealand reporting entity, you can become one by choosing to use the service(s) provided by them.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}