Get Free EDD
Book a Demo
Get Free EDD
Book a Demo

Enhanced Due Diligence for Money Services Businesses

Mitigate Risk. Stay Compliant. Protect Your Business.
For Money Services Businesses (MSBs), compliance with ever-evolving regulations is critical, especially when it comes to high-risk customers. Redstrings offers a comprehensive Enhanced Due Diligence (EDD) solution designed to streamline your compliance efforts while helping you onboard high-risk customers with confidence.
With fast, reliable results and no need for complex integrations, Redstrings ensures that your business stays compliant while protecting you from financial crime risks
Get Started

Why Redstrings for EDD?

Stay Compliant
and Confident

Our solution helps you onboard and manage high-risk customers while ensuring full compliance with AML and KYC regulations. No more guessing – we provide the insights you need to make confident decisions.

Fast, Actionable Reports

Receive timely and thorough due diligence reports that are ready to present to regulators, demonstrating your proactive approach to compliance.

QA-Driven
Accuracy

While our portal automates the search for risk factors, reports go through a quality assurance check to ensure that the findings are accurate and actionable. This approach ensures a perfect balance of speed and reliability.

Wide Coverage

Access a comprehensive risk assessment, including checks against global sanctions, PEP lists, financial records, and other high-risk indicators – all tailored to your specific needs.

Seamless Onboarding

Start using Redstrings today with no integration required. Our portal is user-friendly, and you can be up and running immediately. Integration options are available for high-volume users.

How It Works:

Submit Entity Details

Begin by submitting the necessary details about the entity you wish to assess.

Automated Processing & Advanced Analysis

We process each report using a combination of cutting-edge technology, automation, AI, and human expertise. Our system conducts thorough scans across global databases, financial records, and other risk indicators to identify potential threats and risks.

Comprehensive Report Delivery

We deliver a complete Enhanced Due Diligence report, which includes a detailed risk score, a summary of key findings, an identification of any red flags, and a clear decision. In addition, we provide a mitigation plan that offers actionable recommendations for managing and reducing identified risks, helping you stay compliant and secure.

Why EDD Matters for MSBs

As a Money Services Business, navigating the complexities of AML and KYC regulations is a constant challenge. The stakes are high, and the risks of non-compliance can result in fines, reputational damage, and lost business opportunities.
Redstrings' Enhanced Due Diligence solution helps MSBs:

Mitigate risk

by identifying red flags early and ensuring compliance with regulatory requirements.

Proactively manage high-risk customers

without fear of regulatory backlash.

Stay prepared for audits

with ready-to-present, detailed reports that prove your ongoing compliance efforts.

Get Started with Redstrings EDD

Ready to take control of your due diligence process? Start using Redstrings today with no integration required, and get up and running immediately.

Request a Demo

Contact us today to learn how Redstrings can help your MSB streamline compliance and protect your business.

Stay Informed

Subscribe to our newsletter to receive updates on industry trends, regulatory changes, and best practices for MSBs. Stay ahead of compliance challenges with expert insights and valuable resources.

Sign up for our newsletter

Israel:
Haherut 2 Nordiya
Telephone: +972 52 863 1639
Office hours: Sunday-Thursday 09:00-18:00
France:
1685 Chemin De Vallauris, Antibes
Telephone: +336 1847 4001
Office hours: Monday-Friday 09:00-18:00
United States:
15708 E Princeton Ave Aurora Colorado 80013 USA
Telephone: +1 720 251 5207
Office hours: Monday-Friday 10:00-19:00

Copyright © 2024 Redstrings. All rights reserved. | Privacy policy

Wait!
Get Your Free EDD Report Before You Go!

Unlock valuable insights with a free Enhanced Due Diligence report. Discover potential risks and make informed decisions with advanced AI-powered analysis!

Close