When is EDD required?

For PEPs, high-risk jurisdictions, complex structures, cash-intensive businesses, adverse media matches.

What is the difference between CDD and EDD?

EDD adds source of funds verification, adverse media, senior approval, enhanced monitoring.

A senior compliance officer must approve. Board notification for highest-risk.

Monthly transaction review, more frequent rescreening, immediate alert investigation.

EDD applies to high-risk customers: PEPs, high-risk jurisdictions, complex ownership structures.

When EDD is required

EDD steps beyond standard CDD

Step	Action	Documentation
Source of funds	Verify where money comes from	Bank statements, tax returns
Source of wealth	Verify how wealth accumulated	Business records, salary history
Adverse media	Search for negative news	Media search results
Senior approval	Compliance officer approves	Signed approval
Enhanced monitoring	Monthly review	Monthly review logs

Check any wallet, name, or entity against OFAC, EU, UN sanctions lists in real time.

When is EDD required?: For PEPs, high-risk jurisdictions, complex structures, cash-intensive businesses, adverse media matches.
What is the difference between CDD and EDD?: EDD adds source of funds verification, adverse media, senior approval, enhanced monitoring.
Who approves EDD customers?: A senior compliance officer must approve. Board notification for highest-risk.
How often should I monitor EDD customers?: Monthly transaction review, more frequent rescreening, immediate alert investigation.