EDD (Enhanced Due Diligence)

Enhanced Due Diligence (EDD) is a mandatory, intensified set of Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures applied by financial institutions and regulated entities to clients, transactions, or business relationships that present a heightened risk of money laundering, terrorist financing, or other illicit financial activity. This advanced scrutiny goes significantly beyond standard Customer Due Diligence (CDD) to gather additional, verifiable information to mitigate the identified risk and ensure compliance with global regulatory frameworks like the Financial Action Task Force (FATF) recommendations.