What are ECDD Measures?
Enhanced CDD measures may include (but are not limited to):
i) obtaining senior management approval for establishing or
continuing business relationships;
ii) obtaining additional information on the customer;
iii) obtaining additional information on the intended nature of the
business relationship, and on the reasons for intended or
performed transactions;
iv) obtaining information on the source of funds or source of wealth
of the customer; and
v) conducting enhanced monitoring of the business relationship,
potentially by increasing the number and timing of controls applied,
and identifying patterns of transactions that warrant additional
scrutiny
