Enhanced Due Diligence (EDD)

Enhanced Due Diligence (EDD) refers to the thorough and detailed process of evaluating higher-risk clients, transactions, or business relationships. EDD goes beyond standard due diligence by investigating complex factors such as beneficial ownership and the source of funds.

EDD is crucial for complying with anti-money laundering (AML) regulations and ensuring robust risk management for organizations dealing with potentially high-risk scenarios.