Overview
Enhanced Due Diligence (EDD) is required for users who exceed certain transaction thresholds or present higher risk profiles. These additional verification steps ensure compliance with anti-money laundering (AML) regulations and help maintain the security of the platform.Transaction Limits
Standard KYC Limits
Users who complete standard KYC verification can transact up to $10,000 without additional documentation.Enhanced Due Diligence Threshold
For transactions above $10,000, users must complete Enhanced Due Diligence requirements.Additional Documentation Requirements
When Enhanced Due Diligence is triggered, users must provide:Proof of Address
Recent utility bill, bank statement, or government document showing current residential address
Source of Funds
Documentation proving the origin of funds (employment records, business income, investment statements)
AML Screening Questions
Users undergoing Enhanced Due Diligence must answer additional Anti-Money Laundering (AML) screening questions, including:Employment & Income Verification
Employment & Income Verification
- Current occupation and employer details
- Annual income range
- Primary source of income
Transaction Purpose
Transaction Purpose
- Purpose of the transaction
- Expected transaction frequency
- Relationship to counterparties (if applicable)
Risk Assessment
Risk Assessment
- Politically Exposed Person (PEP) status
- High-risk jurisdiction connections
- Previous compliance issues
Processing Time
Enhanced Due Diligence Review Time: Typically 2-5 business days for manual review and approval.Users will be notified via email once their EDD review is complete.