What is Enhanced Due Diligence | AML risk indicators | applying Enhanced Due Diligence

In this video we look into what is Enhanced Due Diligence, the risk indicators as well what happens when companies fail to apply Enhanced Due Diligence or EDD as its mostly known.

The full list of topics covered in this video are:
❂ When is Enhanced due diligence performed?
❂ Enhanced Due Diligence Risk Indicators
❂ Applying a Risk Based Approach at the time of Enhanced due diligence
❂ What happens if companies fail to apply Enhanced due diligence

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#Enhanced #duediligence #EDD

[theexpoze]

your video's are so helpful, thanks for creating a content on AML KYC . make a separate video on full procedures or the steps which involves AML. FROM starting to end .

[ModleJanki]

Due diligence is important in Account opening hence by analysing. The CIN
The Bank before opening any deposit will carry out due diligence as required under " Know your customer" ( kyc) guidelines by RBI

[dineshsomaiya]

Such a nice a video.
Can you please make video of the documents reviewed on EDD kyc process for INCORPORATIONS AND PARTNERSHIP.

[skyboomshield]

Thanks for a crisp video on EDD. Can you please make a video on complete Client Onboarding cycle.

[ajmalrabbani]

very nice explanation tomorrow is my presentation on edd, now my concept is very clear, thank u

[krishnanaikwade]

Thanks a lot for covering Risk parameters

[himanshishah]

Can create a video on tpoic aml tools used of various kind

[saikumarkallagunta]

Can u please do a video on TPPP, MSB and FINTECH

[dineshsomaiya]

Can you please make video on client on boarding process

[sameeravenkatesh]

Enhanced due diligence is additional due diligence which is performed after conducting CDD on a high-risk client. Am I correct in my understanding?
1 more question, Is it your call to conduct EDD or someone from the team who is in a higher position hierarchically will suggest you perform EDD? How does it work in this industry?

[ModleJanki]

The dur diligence process by the Bank, while opening a deposit account will involve satisfying itself about the kyc documents
1 relating to identify of the person
This will take screenshot of Name screen
2Address verification
Second screen shot
3 occupation or source of wealth
Other screen shot
4check Recent bphoto graph of individual Entity cin
5Fresh photograph screen shot
For individual or Entity ie secretary of state
6 period review
So fresh screen shot is pasted
For
Kyc monitoring and compliance activity
Before submitting the vin check recent Transactions is been taken
Because we have to check present ly
Any operation on his bank account done
Hence fresh screen shot always
For compliance activity
Due diligence required
In India it is PAN
In us it is SSN

[sameeravenkatesh]

I am not in the industry yet. So Could you please help with the answer to this question . Question: When you are working on a entity and when you are suspicious about the client's details, then you perform additional due diligenece which is termed as 'Enhanced due diligence'. Did I understand it correctly?

[francescabautista-kolenic]

Can you please make a video on country risk

[ModleJanki]

What is the Difference between Enhance due diligence and due diligence
Is Due diligence and Enhance due diligence are same

[shwetharajanna]

Fatca, crs, Dodd Frank , non profit organization - would need your help on it

[____arun]

Sir mera account blocked or freezen ho gya h tho bank vale mujse EDD form submit kerva rahe h sir kya hota h is form me sir please help 😢

[kkjobs]

Sir my Bank account debit freeze says EDD required what to do now sir please tell me please send me your mobile number