What is enhanced due diligence (EDD)?
EDD is used when a customer due diligence (CDD) highlights a need for further scrutiny on behalf of the financial institution. This occurs where an individual or organization has been flagged as higher risk. This might be due to the client conducting business in a higher risk country or when dealing with a politically exposed person (PEP).
For more information, please refer to customer due diligence (CDD).
