# What is Enhanced Due Diligence AML requirements?

**URL:** <https://www.amlfaqs.com/t/what-is-enhanced-due-diligence-aml-requirements/229>\
**Category:** Singapore\
**Created:** [October 9, 2024, 10:32am UTC](https://www.amlfaqs.com/t/what-is-enhanced-due-diligence-aml-requirements/229 "2024-10-09T10:32:32Z")\
**Posts on this page:** 2\
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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 9, 2024, 10:32am UTC](https://www.amlfaqs.com/t/what-is-enhanced-due-diligence-aml-requirements/229/1 "2024-10-09T10:32:32Z")

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What is Enhanced Due Diligence AML requirements?

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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 25, 2024, 10:45am UTC](https://www.amlfaqs.com/t/what-is-enhanced-due-diligence-aml-requirements/229/2 "2024-10-25T10:45:47Z")

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The Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Regulations in Singapore prescribe certain regulatory requirements for Regulated Entities dealing with high-risk customers.

As a part of their Enhanced Due Diligence (EDD) compliance measures, Regulated Entities in Singapore must;

- Inquire about the financial profile of the customer, such as determining the customer’s source of funds and source of wealth
- Apply additional checks to collect more information about the identity of the beneficial owners of the customer
- Seek approval of the senior management before onboarding or conducting transactions with such high-risk customer
- Apply enhanced ongoing monitoring of transactions and the overall business relationship

Here’s a detailed blog on Enhanced Due Diligence explaining the AML requirements in Singapore

> **[Enhanced Due Diligence (EDD): Navigating the measures to manage high-risk](https://amlsingapore.com/enhanced-due-diligence-navigating-the-measures-to-manage-high-risk/)**
>
> In this article, let us explore Enhanced Due Diligence (EDD), the circumstances when EDD is performed, and its significance under AML Singapore regulations.