Enhanced Due Diligence

Performing enhanced due diligence is a vital KYC process in identifying bad actors, and protecting organisations from financial crime to help minimise the risk of financial sanctions and lawsuits.

Vetting customers before working with them and continuous monitoring is essential to help protecting your own company from risk. Enhanced due diligent checks are often needed when dealing with clients or suppliers from high risk business sectors or countries.


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Perform Customer & Supplier EDD Checks

The RFA database uses an algorithm created in-house to provide extensive information to highlight risk and changes in status fast, protecting our customers and their business interests.

RFA’s EDD checks go beyond the enhanced due diligence checks performed by many companies, using a wider range of data points to identify and report potential risk before it happens. Using high quality data sources and in line with the 6th AML directive, RFA offer fast, up to date enhanced due diligence checks to keep organisations compliant and out of danger.

Why Red Flag Alert?

The RFA EDD database quickly identifies potential risk from persons including:

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  • Created with Lunacy
PEPs (politically exposed persons)

People with high profile political or public roles

SIPs (special interest persons)

Those who have previously been accused or convicted of financial crime, or have court proceedings related to financial crime

Sanctioned individuals

A person subject to financial sanctions

Bad media

An individual with high levels of negative media coverage

Ultimate beneficial owners

The person who ultimately controls the financial interest or commodity 

Clients with high net worth

Those with high net worth pose a greater financial risk 

Clients involved in overly complex or unusual transactions

Clients with seemingly purposeless and questionable transactions pose a higher risk to organisational financial security

EDD for High Risk Locations

RFA can also quickly and easily identify potential clients or suppliers from high risk locations including:

  • Countries on the FATF (Financial Action Task Force) greylist and blacklist
  • High risk third countries 
  • Countries under sanctions or embargo 
  • Countries containing proscribed terrorist organisations 


How It Works

Red Flag Alert’s enhanced due diligence process follows a simple process to create a fully compliant EDD check for high risk clients and suppliers:

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  • Created with Lunacy
1. Verify customers' identity using digital ID
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2. Screen ID and information against PEPs and sanction lists
3. Identify which customers may require EDD

What is Enhanced Due Diligence?

Enhanced due diligence (EDD) is vital to protecting your organisation from financial crime (including money laundering and terrorist financing) when doing business with a high-risk customer. Discover how it differs from standard due diligence and why your organisation may need to perform it.


Request an EDD Trial Today

  • Request a trial or demonstration today to see how RFA enhanced due diligence reports can benefit your organisation.
  • Using the latest technology RFA can provide a fast, accurate EDD report to ensure our clients have all the information required to make the best business decisions and avoid risk from bad actors.
  • Create a frictionless onboarding experience with complete, real time enhanced due diligence reports available in minutes.
  • Generating RFA due diligence reports creates a verifiable audit trail that is compliant with money laundering regulations.
  • To discuss how RFA can improve your EDD checks to reduce risk and strengthen compliance, speak to our team for more information or request a trial today.

Request a Trial

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