Call for a Free Consultation Today: +1 (833) RADD-LLC

Client Login

Call for a Free Consultation Today: +1 (833) RADD-LLC

What is Enhanced Due Diligence (EDD) in Banking?

What is Enhanced Due Diligence (EDD) in Banking?

by | 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...