Which item is a data element of Customer Due Diligence (CDD)?

• A. Date of Birth
• B. Identification
• C. CEO
• D. Occupation

Answer: (D)

In Customer Due Diligence, you collect information that helps build a risk-aware profile of the customer and guide how you monitor the relationship. Occupation is a key piece of that profile because it directly informs the expected economic activity and risk level. Knowing what a customer does for work helps assess whether their transactions, source of funds, and wealth are consistent with their stated occupation. Some jobs are associated with higher money-laundering risk or with cash-intensive activities, which means the firm would apply appropriate levels of due diligence and ongoing monitoring. This data point, therefore, actively shapes risk assessment, monitoring triggers, and escalation, making it a core data element for CDD.

Date of birth and identification are essential for verifying who the customer is, establishing identity, and preventing impersonation, but they do not, by themselves, drive the ongoing risk assessment and monitoring plan in the way that occupation does. CEO is not a standard data field used to profile individual customers in most CDD frameworks. So occupation stands out as the data element most directly tied to evaluating risk and determining the due diligence strategy.