Customer Due Diligence

Counterparty due diligence has been widely adopted across several jurisdictions, including South Korea, Singapore, Hong Kong, and the European Union. Beneficiary VASPs may request additional enhanced information as part of customer due diligence (CDD) either before or at the time of a transfer.

Using Sygna, the beneficiary VASP can identify risks in real time, request enhanced CDD information from the originating VASP, and decide whether to approve or reject the transaction. This process supports AML/CFT efforts and ensures compliance with regulatory requirements.