Tag: Client Due Diligence Solutions
Enhanced Client Due Diligence: Making Compliance Work in Practice
Enhanced client due diligence is a mandatory requirement under MLR 2017 Regulation 33 for high-risk clients, PEPs, and complex transactions. Most EDD workflows still rely on manually collected documents that cannot be independently verified. This blog covers what EDD requires, when it applies, and how a structured client due diligence checklist works reliably in practice.
Client Due Diligence Solutions: Why Verified Data Beats Documents
Client due diligence solutions that rely only on documents leave compliance gaps that auditors and regulators can identify. PDFs can be altered. The source of funds cannot be independently verified from a statement alone. This blog covers why document-based CDD creates risk for Lawtech, conveyancing, and compliance platforms, and how verified bank data improves the…