Nils Silinevics
Partner · AML & Crypto Compliance · Former FIU Investigator
EDD is the highest compliance tier — examining your complete financial picture. Source of Wealth, Source of Funds, business activities, risk assessment. Triggered for high-value accounts, PEPs, or high-risk jurisdictions. The most document-intensive process any exchange applies.
EDD goes beyond SoF: it examines your entire financial history — career, business ownership, investments, inheritance, property. Different from standard KYC (identity) or SoF (specific transactions). Our lead partner, a former FIU investigator, reviewed EDD submissions professionally — he prepares packages to the exact standard compliance teams evaluate against.
Each platform handles Enhanced Due Diligence differently. Select yours for platform-specific guidance, timelines, and resolution strategies.
A critical distinction in EDD: Source of Funds (SoF) documents where specific funds came from ('this €10,000 came from my salary'). Source of Wealth (SoW) documents how you accumulated your total wealth ('I earned €X over Y years from employment and €Z from investments'). Standard CDD requires SoF. Enhanced Due Diligence requires BOTH SoF and SoW. Submitting only SoF when EDD was triggered will not resolve the review — the SoW requirement remains outstanding and the account stays frozen. SoW documentation typically includes: 2-3 years of tax returns, business financials (if self-employed or business owner), investment portfolio statements, real estate ownership documentation, inheritance or gift documentation for wealth not from employment, and a personal financial statement summarizing assets and liabilities. We prepare both SoF and SoW packages tailored to the specific exchange's requirements — each exchange has different standards for what constitutes acceptable SoW evidence.
EDD is the highest scrutiny level. It examines your complete financial profile: Source of Wealth (how you accumulated your position over years), Source of Funds (specific transaction origins), business activities, and comprehensive risk assessment. Much more extensive than standard KYC or SoF.
Common triggers: high account value, large single transactions, PEP status or connections, high-risk jurisdiction, complex transaction patterns, or escalation from failed standard review.
Yes — we handle Enhanced Due Diligence across 21+ platforms including Binance, Bybit, Coinbase, Kraken, OKX, KuCoin, MEXC, HitBTC, CEX.IO, Crypto.com, Gate.io, HTX, Bitfinex, WhiteBit, Changelly, ChangeNow, FixedFloat, and stablecoin issuers (Tether, Circle). Each platform has different compliance processes, timelines, and documentation requirements. We tailor our approach to each.
Two options: Fixed fee from €399 (pay upfront, fixed scope) or Success fee (percentage of recovered amount, no upfront payment). Both include a free initial case assessment within 6 hours. No hidden fees, transparent agreement before we start. We only charge for successful outcomes on the success fee option.
Customer Due Diligence (CDD) is standard verification — identity, basic risk assessment, ongoing monitoring. Enhanced Due Diligence (EDD) is triggered when higher risk indicators are present: large volumes, PEP status, high-risk jurisdictions, complex transactions. EDD requires Source of Wealth (how you accumulated total wealth) in addition to Source of Funds (where specific funds came from). EDD reviews take longer and require more comprehensive documentation.
Standard CDD reviews take 5-10 business days after document submission. EDD reviews take 2-4 weeks for standard cases, 4-8 weeks for complex cases. If a SAR has been filed during EDD, the review may persist indefinitely. The key to a fast EDD resolution is submitting the complete documentation package on the first attempt — incomplete submissions reset the review clock each time additional documents are requested.
Potentially, but not recommended. If your risk profile triggers EDD at one exchange (large volumes, PEP status, high-risk jurisdiction), it will likely trigger EDD at other exchanges too — the risk indicators are universal. Additionally, moving funds from an exchange where you're under EDD review to a new exchange may itself trigger suspicion (rapid movement = money laundering typology). The better path is to resolve the EDD at the current exchange with proper documentation, rather than trying to avoid it.
Our main practice for resolving enhanced due diligence across all 21 supported exchanges.
Unusual situations beyond standard compliance — inherited crypto, unprovable source of funds, and more.
Our guide on crypto AML laws across Europe — documentation, legal strategy, and timelines.
Key terms: AML, KYC, SoF, EDD, SAR — explained in plain language.
Tell us what EDD documents Problems requested and your situation. We respond within 6 hours.