Regulation & Compliance

Customer Due Diligence

Definition

What is Customer Due Diligence?

The process of identifying customers, understanding their activity, and assessing risk.

Example in practice

The broker verifies identity and intended investment activity.

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A legal or ethical duty to act loyally and carefully in another person's best interest.

The requirement or process of determining whether an investment fits a client's circumstances and objectives.

A duty to place the client's interests ahead of the provider's when making a recommendation.

Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.

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