Enhanced Due Diligence (EDD)

Enhanced Due Diligence (EDD) is an advanced level of the Know-Your-Customer (KYC) process that involves a more thorough examination of potential business partnerships. It goes beyond the standard Customer Due Diligence (CDD) by applying additional scrutiny to identify risks that may not be detected through CDD alone. EDD is typically implemented for customers who are categorized as high-risk during the KYC evaluation. Factors considered in EDD can include large transaction volumes, high customer net worth, geographical location, political exposure, and more.