What is Enhanced Due Diligence (EDD)?

Enhanced Due Diligence (EDD) is a Know-Your-Customer (KYC) process that provides a greater level of scrutiny of potential business partnerships and highlights risks that cannot be detected via Customer Due Diligence (CDD) alone. It is designed for use with customers who are deemed high-risk via the KYC process. Relevant risk factors can include large transaction amounts, high customer net worth, geographical location, political exposure, and more.