Tag: Enhanced Due Diligence

Customer due diligence (CDD) has grown from a simple know your customer (KYC) exercise into one of the most demanding parts of the anti-money...

Standard checks aren't always enough. When a customer or transaction carries more risk than routine screening can handle, firms are required to step up...

Politically Exposed Person (PEP) screening is the process compliance teams use to determine whether a customer, counterparty or beneficial owner holds a public position...

Investment firms have long sold trust as their core product, but generative AI is now testing that promise from every angle. According to ComplyAdvantage,...

Compliance teams often treat sanctions screening, PEP screening and adverse media screening as interchangeable checkboxes on an onboarding form. They are not. Each layer addresses...

Financial crime is not standing still. Criminal networks are exploiting increasingly sophisticated technology, transaction volumes keep climbing, and regulatory expectations are growing ever more...

A politically exposed persons check (PEP check) sits among the most consequential controls in any AML compliance programme. Done well, it surfaces elevated risk...

CDD and EDD sit at the heart of every regulated firm's defences, yet the distinction between the two is often misunderstood. In short, CDD is...

The compliance landscape for regulated financial services firms has shifted considerably in recent years. Regulators are no longer willing to accept that enhanced due...

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) published a Notice of Proposed Rulemaking (NPRM) on 7 April, setting out sweeping...