3.1.3 Applying EDD and other Preventive Measures

يسري تنفيذه من تاريخ 27/9/2021

Where the LFI determines a customer to be higher-risk, Article 4.2(b) of AML-CFT Decision requires that the LFI apply EDD. EDD is also required for specified higher-risk customer types, no matter their risk rating:

	•	Customers who are Politically Exposed Persons (“PEPs”) or that are owned or controlled by PEPs;
	•	Customers from higher-risk jurisdictions; and
	•	Customers with whom the LFI is establishing a correspondent relationship.

EDD measures should be designed to mitigate the specific risks identified with particular customers. Examples of EDD measures are described below in Section 3.2.