Customer Due Diligence
We have often asked ourselves while trying to conduct various types of business activities, why do financial institutions require so much personal information? Generally, there are multiple forms to be completed when opening: a bank account, brokerage account, mutual fund account, credit union account, or when obtaining life or car insurance.  Financial institutions, particularly those operating within the securities market of Trinidad and Tobago, are required, by law, to comply with laws and regulations related to Customer Due Diligence (“CDD”).
Read more here–> Customer Due Dillgence
