Anti-Money Laundering (AML)

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August 31, 2024 3 min read Definitions

Enhanced Due Diligence (EDD): Comprehensive Risk Management for High-Risk Customers

Finance Banking Risk Management Due Diligence Risk Management Compliance Anti-Money Laundering (AML) Financial Crime

Enhanced Due Diligence (EDD) is a set of rigorous processes and checks implemented to manage and mitigate risks associated with high-risk customers. This practice is vital in sectors like finance, banking, and insurance to fulfill regulatory requirements and combat financial crime.

August 31, 2024 5 min read Definitions

Financial Action Task Force: Combating Money Laundering and Terrorism Financing

Finance Government Regulations FATF Anti-Money Laundering (AML) Terrorism Financing International Standards Regulatory Compliance

The Financial Action Task Force (FATF) is an intergovernmental organization established to set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.