Enhanced Due Diligence

Enhanced Due Diligence (EDD) is a process that involves additional checks and monitoring applied to potentially high-risk customers or transactions. It helps to identify and mitigate potential risks such as money laundering, and ensures compliance with regulatory standards to protect businesses from associated risks.

Users who are flagged by sFOX will be required to answer certain questions, as well as upload document proofs in order to fulfill the EDD requirements.

The EDD process is separate from the initial Know-Your-Customer (KYC) process

In these requests, you will be able to:

• Retrieve EDD requests for your users

• Retrieve applicable EDD questions, depending on the type of EDD requested

• Submit EDD responses on behalf of your users to sFOX