Description:
Enhanced Due Diligence (EDD) is a critical part of managing higher-risk customers, including high-net-worth individuals, politically exposed persons (PEPs), and complex entities. One of the most challenging areas is verifying net worth and sources of wealth—yet it’s essential to satisfy regulators and reduce risk. This session breaks down EDD into practical, actionable steps, showing how to corroborate wealth information while balancing privacy, compliance, and documentation requirements.

Through real-world examples and step-by-step guidance, you’ll learn methods to validate financial information, detect inconsistencies, and escalate concerns appropriately. We’ll also discuss how to integrate advanced EDD practices into your ongoing monitoring program, ensuring your team can manage risk confidently. This course is designed for professionals who want to strengthen their EDD skills and make their processes more practical, efficient, and regulator ready.

Who This Is Designed For: Compliance officers, AML analysts, due diligence teams, and operations staff at banks, fintechs, and MSBs who handle high-risk customers and want to apply practical EDD strategies.

Agenda:

• Regulatory requirements and expectations for EDD in high-risk cases

• Practical techniques for verifying net worth and sources of wealth

• Identifying inconsistencies and best practices for escalation

• Documentation standards that meet examiner expectations

• Integrating EDD practices into ongoing monitoring and risk programs

By the end of this webinar, you will know how to:

• Verify customer net worth and source of wealth confidently

• Detect red flags and escalate issues effectively

• Document EDD findings in a way that satisfies regulators

• Strengthen your EDD program to manage higher-risk customers efficiently