How to run an Enhanced Due Diligence EDD check

This document outlines the procedure for conducting an enhanced due diligence (EDD) check on an individual. The steps will guide you through accessing the individual’s profile, initiating the EDD process, entering necessary information, and submitting the Know Your Customer (KYC) check.

Step 1

Begin by locating the individual’s profile from the list of available profiles. After identifying the profile, select it to access the individual’s details. Upon entering the profile, you will observe that no enhanced due diligence reports have been conducted thus far.

Step 2

Initiate the creation of an EDD report by clicking the designated button. You will notice that much of the information has been automatically populated into the first form. If there are any discrepancies or updates needed, you have the option to amend this information accordingly.

Step 3

Review the information provided in the form. Some fields may be optional, while others are mandatory. Ensure all compulsory fields are correctly filled. Once satisfied with the information, proceed to the next stage.

Step 4

Proceed to the address information section. Here, you can either confirm the pre-filled details or provide new information if available. The data may have been automatically populated from the individual’s profile. If additional addresses are known, you can add them to facilitate the process.

Step 5

Once all the required information is verified and entered, submit the KYC check by clicking the submission button. This action will initiate the enhanced due diligence process.