Financial Crime World

Here is the article in markdown format:

Alessa’s Enhanced Due Diligence (EDD) Process

==============================================

Alessa’s Enhanced Due Diligence (EDD) process involves several steps designed to thoroughly examine an entity’s background, reputational risks, litigation history, and sanctions, watchlists, and regulatory reviews.

Steps in the EDD Process

The following steps are included in Alessa’s EDD process:

  • Checks on official registry: To establish the identity of an entity.
  • Sanctions & Watchlists: Checks on Rzolut ContentStream to identify any sanctions or watchlist entries.
  • Political Affiliations Check (PEP): Checks on Rzolut ContentStream to identify any political affiliations.
  • Adverse Media Check - English Language: Adverse media information check for the past 5 years in English language.
  • Adverse Media Check - Local Language: Adverse media information checks in local language for the past 5 years.
  • Litigation Check (Courts): Supreme Court, High Courts and District/Regional Courts for the past 2 years.
  • Insolvency & Bankruptcy Check: Insolvency & Bankruptcy Court.
  • Regulatory Check: All key regulatory bodies.

Simplifying the EDD Process

The EDD process in Alessa simplifies the process by creating a work item when an EDD request is submitted, and notifying the person who requested the report when it’s available for analysis and review.

Key Features of Alessa’s EDD Process

  • Simplify the EDD Process: Automates the EDD process, reducing manual effort.
  • EDD Monitoring for Faster Insights: Provides accurate information in one-third of the time of traditional EDD providers.
  • In-Depth Background Analysis: Provides a comprehensive report of an entity’s background, reputational risks, litigation history, and sanctions, watchlists, and regulatory reviews.

Industries Served

Alessa serves various industries, including:

  • Financial Services
  • Healthcare
  • Real Estate
  • Legal

Daily Updates on Client Risk

The platform provides daily updates on client risk, a 360° view of each client, and expedited processes and results.

Additional Features

You may also like to explore Alessa’s features, such as:

  • Daily Updates on Client Risk: Provides a comprehensive and daily update on client risk.
  • A 360° View of Each Client: Provides a complete view of client information and activities.
  • Expedited Processes and Results: Streamlines and automates many of the time-consuming AML tasks.

Book a Demo

Book a complimentary demo to learn more about Alessa’s Enhanced Due Diligence Software.