In Managed Services, which process includes CIP/CDD Verification and Watch List Alerts?

In Managed Services, which process includes CIP/CDD Verification and Watch List Alerts?

• A. Customer Due Diligence
• B. Enhanced Due Diligence
• C. Transaction Monitoring
• D. Policies and Procedures

Answer: (A)

Verifying who a customer is and screening them against sanctions or watch lists are fundamental onboarding activities that establish identity and assess risk. These steps—CIP to identify and verify the customer, plus CDD to understand and monitor risk—are core parts of Customer Due Diligence. Watch list alerts are a screening tool used within this process to flag potential matches on sanctions or other lists. Enhanced Due Diligence adds deeper scrutiny for higher-risk relationships, but the specific tasks described align with standard CDD. Transaction monitoring focuses on analyzing ongoing activity after onboarding, not initial identity verification, and Policies and Procedures govern the AML program itself rather than the customer-specific verification steps. So the process described is Customer Due Diligence.