Enhanced Due Diligence (EDD) is a specific part of the KYC process. The EDD analyst examines (potential) customers and associated risks at a deeper level. These risks do not come to the fore in a normal customer survey. EDD goes beyond CDD and strives for a higher level of identity assurance. For example, the analyst also makes an inventory and analyzes the risk category.
EDD is specifically designed to critically scrutinize high-risk or high-net-worth clients and large transactions. After all, this category of customers and transactions entails greater risks for the financial sector. To exclude these risks, strict regulation and control are therefore crucial.