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CDD vs EDD: Key Differences Explained by leelakumar konduru is a document available to read on EtoBox.
What is CDD vs EDD: Key Differences Explained about?
Customer due diligence (CDD) is a KYC process aimed at assessing customer risk, while enhanced due diligence (EDD) is applied to higher-risk individuals or transactions requiring additional verification. CDD involves collecting and verifying personal information, whereas EDD may include more stringent identity checks, source of funds verification, and continuous monitoring. Both CDD and EDD are essential components of compliance with KYC and AML regulations.
- Author
- leelakumar konduru
- Language
- EN