Enhanced Due Diligence (EDD)

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Leave no stone unturned with our enhanced due diligence solution

Prescribed in the Money Laundering Regulations 20171, enhanced due diligence is a cornerstone of the risk-based approach. Higher risk entities require both enhanced due diligence and enhanced on-going monitoring, in order to ensure compliance and mitigate financial crime risk.

Organisations need a well-defined risk escalation process for financial crime compliance due diligence. This helps to ensure a positive customer experience for those individuals that may pose higher risk, but are still viable business relationships.

Supporting enhanced due diligence processes should rely on expansive and rich data. Coupled with the right technology and analytics, this will help to find hidden risks and unseen relationships.

LexisNexis® Risk Solutions enhanced due diligence capabilities aggregate consumer, business and risk data into a single portal, helping organisations to investigate higher risk individuals, remediate alerts quickly and confidently clear false positives.

Find out how we can help mitigate risk in a customer-friendly fashion – contact us today.

Understand the risk associated with a PEP

Understand the risk associated with a PEP

Conduct further research into those individuals who have political exposure and influence.
Review relationships

Review relationships

Identify and understand relationships between individuals, companies, governments and other entities.
Understand ownership

Understand ownership

Flag and review stakeholders in businesses, and those who could be considered beneficial owners.
Protection from relationship risk

Protection from relationship risk

Establish and assess any risk associated with a client including political exposure, negative media and enforcements.

Enhanced due diligence should be applied in situations which present a higher risk of money laundering

Non face-to-face transactions

Politically Exposed Persons

Correspondent banking relationships

KYC & Sanctions Remediation

The Impact of Inefficiency

Providing the views of over 150 financial services professionals, this report considers the impact of inefficiencies in KYC and Sanctions remediation processes.
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1. The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017