Customer or Client Due Diligence involves the bookkeeper actively gathering and validating information about a potential client and their business. The focus is on: – identifying the Client, the Beneficial Owner(s), and Directors of a business – checking and verifying those identities, – understanding the client business and how it is controlled – understanding the bookkeeping or accountancy business relationship (or transaction) that will be involved. This analysis allows MLTF risk to be assessed and mitigated. It involves the bookkeeper actively gathering and validating information about a potential client and their business