Enhanced Due Diligence Services

We specialize in providing Enhanced Due Diligence (EDD) services tailored to banks, credit unions, crypto exchanges, and other financial entities. Our services are designed to help you mitigate financial risks and protect your institution against the evolving threats of money laundering, terrorist financing, and other forms of financial crime.

Our Enhanced Due Diligence Services include the following:

Customer Identification Program (CIP) Enhancement

Thorough verification of customer identities using advanced technologies and databases
Assist with the implementation of risk-based approaches to identify high-risk customers requiring enhanced scrutiny

Risk Assessment

Comprehensive risk profiling of customers based on transaction patterns, geographical location, and the nature of the business relationships
Ongoing monitoring to detect and report suspicious activities promptly.

Politically Exposed Persons (PEP) Screening

Rigorous screening processes to identify customers who are or have been involved in public functions, along with their immediate family members and close associates.
Implementation of enhanced monitoring and due diligence measures for PEPs to mitigate potential risks.

Adverse Media Screening

Utilization of state-of-the-art technology for the detection of unusual and potentially suspicious transaction patterns.
Customizable parameters and thresholds to adapt to specific risk profiles and compliance requirements.

Compliance Training and Support

Work with your compliance department to provide specified training suited to your needs
Updating all existing standard operating procedures and training documentation to reflect any changes or suggestions

Regulatory Reporting Assistance

Assistance with the preparation and submission of reports required by regulatory bodies, ensuring accuracy and timeliness.
Guidance on navigating complex reporting requirements and maintaining compliance.

Third-Party and Correspondent Banking Due Diligence

Due diligence services for third-party relationships and correspondent banking to identify and mitigate risks associated with indirect customer relationships.
Assessment of third-party compliance frameworks to ensure alignment with regulatory expectations and best practices.

Why Choose AMLI for EDD Services?

Expertise

Our team comprises experts with extensive experience in compliance, regulatory requirements, and risk management.

Technology-Driven

We leverage the latest technology to enhance our EDD processes, ensuring efficient and effective risk detection and compliance.

Customizable Solutions

Our services are tailored to meet the unique needs and risk profiles of each client, ensuring relevant and focused due diligence efforts.

Regulatory Compliance

We stay ahead of regulatory changes and ensure that our services meet all current legal and regulatory standards, helping you maintain compliance with confidence.

If you’d like to learn more about our Enhanced Due Diligence services, or you are interested in what we can do for you, please contact us for a free consultation.