What is the difference between CDD and EDD?

Question

Accepted Answer

EDD stands for Estimated Delivery Date and CDD stands for Customer Due Diligence.

EDD is the estimated date on which a product or service will be delivered to the customer.
CDD is the process of verifying the identity of a customer to prevent fraud and money laundering.
CDD includes collecting and verifying customer information, assessing customer risk, and monitoring customer activity.
Examples of CDD measures include verifying customer identification documents, conducting background checks, and monitoring transactions for suspicious activity.

Accepted Answer

CDD : Client due diligence this process of identify the customer and verification the customer identity and access the rating by using source of documents

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What is the difference between CDD and EDD?

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