31 CFR 1010.230

CDD Compliance Execution

Customer Due Diligence Rule

The Customer Due Diligence Rule requires identification of beneficial owners and ongoing monitoring. Canarie helps you execute CDD compliance through automated workflows for ownership verification, risk rating, and periodic reviews.

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Key Requirements

1
Beneficial ownership identification
2
Customer risk rating
3
Ongoing monitoring procedures
4
Enhanced due diligence for high-risk
5
Periodic review schedules
6
Record retention

The Compliance Execution Challenge

Most institutions struggle with recurring CDD Compliance Execution requirements. Policy reviews get missed, attestations are chased manually, and evidence is scattered across systems. When examiners ask for proof, teams scramble to piece together documentation.

The Canarie Execution Layer

Canarie transforms CDD Compliance Execution compliance from periodic scrambles into continuous execution. Recurring tasks are automated, evidence is captured as work is completed, and proof of compliance is always ready for examiners.

Automated Workflows

Recurring compliance tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed. No manual collection.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

BSA civil money penalties
Regulatory enforcement actions
Consent orders

Frequently Asked Questions

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