Mastering Source of Wealth Analysis: A Critical Component of Enhanced Due Diligence
Mastering Source of Wealth Analysis: A Critical Component of Enhanced Due Diligence Enhanced Due Diligence (EDD) is a crucial aspect of compliance and risk management, going beyond surface-level checks to uncover the true financial and reputational standing of individuals or entities. A key component of EDD is Source of Wealth (SoW) analysis, which verifies the […]
Top 10 Things to Know When Considering Enhanced Due Diligence (EDD)
In an increasingly complex regulatory landscape, Enhanced Due Diligence (EDD) has become vital for businesses navigating high-risk relationships. EDD takes the standard Customer Due Diligence (CDD) process to a more intensive level, digging deeper to understand the potential risks associated with clients, especially those in high-risk sectors, or located in jurisdictions prone to corruption or […]
Top 5 Lessons Learned from the ICA Specialist Certificate in AI for Compliance Professionals
In a world increasingly powered by artificial intelligence, compliance professionals are stepping up to face new challenges and responsibilities. AI’s promise to streamline and transform business processes comes with its own set of ethical, legal, and operational complexities—especially in compliance. Through the ICA Specialist Certificate in AI for Compliance Professionals, I gained a deeper understanding […]