Enhanced Due Diligence (EDD) is a more in-depth process used by financial institutions to ensure their customers are not involved in illegal activities like money laundering or financing terrorism. Unlike standard checks, EDD requires a thorough investigation into a customer’s background, including verifying multiple identification documents, understanding who really owns the assets, and continuously monitoring […]| SEON
According to the OFAC rule, if a sanctioned entity or entities constitute 50% of a company's ownership, that company is also sanctioned.| SEON
Learn how AML screening works, including screening types, sanctions lists, and implementation considerations.| SEON