How to Conduct Enhanced Due Diligence Properly
(WorldNews Iran)

When it comes to AML compliance, the basic checklist will tell you almost everything you need to know. However, there are a couple of other factors that might have slipped your radar. If you look specifically at KYC, for instance, you`ll find that high risk customers require some additional resources before you can proceed with complete compliance. So while basic Customer Due Diligence is necessary for any bank or other financial institution, the concept of Enhanced Due Diligence (EDD) might not be as familiar. If that`s the case, here`s what you need to know: What is Enhanced Due Diligence To comprehend Enhanced Due Diligence you`ll need to understand why it`s necessary and where it comes...