Customer Due Diligence Archives

What is Enhanced Due Diligence (EDD) in Banking?

by Adam Adularheem | Nov 10, 2022 | RADD BUZZ

Enhanced Due Diligence (EDD) is a risk-based approach to KYC procedures. It was developed in response to the increasingly complex financial crime environment. Banks have always been required to know their customers before providing them with banking services, but...

What is Enhanced Due Diligence (EDD) in Banking?

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