As an accountable institution you are required to understand your exposure to risks, develop a risk-mitigation program to protect and maintain the integrity of your business and take necessary measures to identify clients thereby contributing to the integrity of South Africa’s financial system. Core to reducing your exposure to abuse by criminal elements is the conduct of a Customer Due Diligence (CDD) through which you should gain sufficient knowledge to conduct and maintain a healthy client relationship. CDD measures vary in form and complexity depending on the customer’s positioning in your risk matrix. Through Beeswax, you can establish your own risk matrix, assess a customer, product/set, geography and other factors against your risk grid and then determine the level of due diligence to be conducted. Beeswax provides for every step of your chosen DD.