Simplified Due Diligence (SDD): Applied to low-risk customers. It involves basic identification and verification processes without extensive risk assessment. Basic Customer Due Diligence (CDD): Standard level of due diligence applied to most customers. It involves collecting and verifying information and conducting a moderate risk assessment. Enhanced Due Diligence (EDD): Applied to high-risk customers, such as those from high-risk countries or involved in high-risk industries. It involves a more detailed examination of the customer’s background, sources of funds, and business activities.