Customer Due Diligence (CDD) Saudi Arabia
KYC and CDD procedures for Saudi businesses — standard, enhanced, and simplified due diligence, PEP screening, sanctions lists, and beneficial ownership verification.
Customer Due Diligence (CDD) — commonly known as Know Your Customer (KYC) — is the process of identifying and verifying the identity of customers, understanding the nature of the business relationship, and assessing the money laundering and terrorist financing risk associated with each customer. Saudi Arabia's AML Law requires all regulated businesses and DNFBPs to apply CDD to all customers before establishing a business relationship.
Intelli Solutions designs and implements risk-based CDD frameworks for Saudi businesses — including standard CDD for routine customers, enhanced due diligence (EDD) for high-risk customers and Politically Exposed Persons (PEPs), and ongoing monitoring procedures to detect changes in risk profile during the relationship.
CDD Levels in Saudi Arabia
Standard CDD
Applied to most customers — verify name, ID, address, and source of business. Obtain beneficial ownership information for corporate customers.
Enhanced DD (EDD)
Required for high-risk customers — PEPs, high-risk jurisdictions, complex ownership structures, and customers in high-risk sectors (cash-intensive, real estate, precious metals).
Simplified DD
Permitted for lower-risk customers — publicly listed companies, government entities, and regulated financial institutions (subject to regulatory confirmation).
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Customer Due Diligence Saudi Arabia
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