Question: What is Enhanced Verification and Enhanced Due Diligence(EDD)?
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As part of the Enhanced Verification process, Markets.com are required to apply Enhanced Due Diligence (“EDD”) on all clients.
This enables them to meet the regulatory requirements and enforce a trading environment that is in line with the latest standards in European Economic Area (EEA) or equivalent countries.
By performing EDD, they are able to conduct advanced integrity and background screening for enhanced transparency.
The driving factor behind their EDD implementation are the rules powered by the 4th EU AML Directive, putting extra emphasis on aspects such as the Ultimate Beneficial Ownership (UBO) and EDD, as mentioned earlier.
