Enhanced Due Diligence definition

Enhanced Due Diligence. (EDD) means doing more than the conventional simplified due diligence or the basic CDD measures mentioned above and includes, amongst others, taking measures as prescribed by the Centre to identify, as far as reasonably possible, the source of wealth, funds and any other assets of the client or beneficial owners whose activities may pose a risk of ML, TF or PF;

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Enhanced Due Diligence or “EDD” means diligence in addition to CDD and may be carried out in case of existing customers or intending customers generating suspicion for the office of issue;

Enhanced Due Diligence means a Reporting Financial Institution must seek answers from the Declaring Person, including but not limited to the following questions:

Examples of Enhanced Due Diligence in a sentence

• In our discretion, we may refuse to raise your limits, or we may lower your limits at a subsequent time even if you have completed Enhanced Due Diligence.

• We reserve the right to charge you costs and fees associated with such Enhanced Due Diligence although if we intend to do so, we will notify you in advance so that you can decide whether you wish to proceed with the request.

• In our sole discretion, we may refuse to raise your limits or we may lower your limits at a subsequent time even if you have completed Enhanced Due Diligence.

• We may require you to submit additional information about yourself or your business, provide records, and arrange for meetings with Coinbase staff if you wish to raise your limits ("Enhanced Due Diligence").

• In our sole discretion, we may refuse to raise your limits, or we may lower your limits at a subsequent time even if you have completed Enhanced Due Diligence.

More Definitions of Enhanced Due Diligence

Enhanced Due Diligence means customer due diligence that should be conducted by a money transfer business where the money laundering/financing of terrorism risks are assessed as higher risk;

Enhanced Due Diligence or “EDD” means taking additional CDD and may include the information set out in section 21(2).

Enhanced Due Diligence means in situations that are high risk, taking additional measures to identify and verify the customer’s identity and source of funds and doing additional ongoing monitoring. You must do this when:

Enhanced Due Diligence means a due diligence process that involves a greater level of scrutiny that commensurate with underlying risks associated with customers, products, transaction channels and geographic elements. EDD shall be in addition to Customer due diligence (CDD) measures and may include but not be limited to one or more measures as follows:

Enhanced Due Diligence means the same thing as

Enhanced Due Diligence means additional examination and cautionary measures aimed at identifying customers and confirming that their activities and source of their assets/funds are legitimate.

Enhanced Due Diligence means standard due diligence, plus three additional steps: