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Banking & Finance: What is Enhanced Due Diligence(EDD)?
Security Boulevard securityboulevard.com
EDD’s Importance in Banking and Finance EDD is a vital component of the KYC compliance procedure in banking. It comprises gathering information to verify clients’ identities and assess the degree of money laundering risk that each customer poses. As a result, the client requested substantially more details during the EDD process than during the CDD […]
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