EDD With Alessa

May 20, 2020

The ability to perform enhanced due diligence (EDD) is a must for organizations looking to comply with anti-money laundering (AML) regulations, engage with new suppliers, vet parties involved in a merger or acquisition, or meet anti-bribery and anti-corruption obligations.

For this reason, Alessa now offers the ability to order EDD reports from Refinitiv directly from the application. This allows compliance teams to go beyond simply checking whether an entity is on a sanctions or a watch list and instead get detailed background information on individuals and businesses based on comprehensive research by the Refinitiv team.

The solution allows users to

  • Eliminate unreliable and time-consuming internet checks
  • Simplify the EDD process
  • Save time and effort typically required for EDD
  • Integrates EDD risk indicators into the entity's overall risk score
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