IUX’s Enhanced Due Diligence (EDD) Process
Enhanced Due Diligence (EDD) is an advanced customer verification process that involves a more detailed and stringent review, particularly for customers considered high-risk or those with complex transaction patterns.
It is part of IUX’s strict Anti-Money Laundering (AML) measures and Regulatory Compliance procedures, implemented to ensure the platform’s integrity, security, and trustworthiness.
Why Do We Need the EDD Process?
At IUX, we prioritize security and effective customer verification. We request your cooperation in strictly following the steps outlined in the EDD process.
If a customer does not complete the required steps within 30 days of being notified about entering the Enhanced Due Diligence (EDD) process, certain account limitations may apply, such as:
- Inability to open a live trading account.
- Inability to make deposits.
- Withdrawals are capped at USD 10,000.
- No further trading is allowed but you can still close existing trades.
Required Documents for Enhanced Due Diligence (EDD)
To complete the EDD process, customers must provide documents in the following categories:
| Source of Wealth / Source of Funds | – Tax reports (for the past 2–3 years) – Investment portfolios (e.g., stocks, mutual funds) – Proof of ownership of assets (e.g., land title deed, sale agreement) |
| Occupation or Business Type | – Employment certificate – Business registration certificate – Shareholder certificate – Company financial statements |
| Bank Certification | – Official bank certificate – Credit report |
Supported File Formats: jpg, jpeg, png, pdf (Maximum file size: 8MB).
Important Notes:
- Ensure the document clearly displays identifying information.
- Documents must not be expired.
- All documents must match the information on your IUX account.
If you have any questions or encounter any issues, please feel free to contact us via live chat or email us at [email protected].
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