What's Enhanced Due Diligence | AML risk indicators | applying Enhanced Due Diligence | AML Tutorial
HTML-код
- Опубликовано: 16 июл 2024
- In this video we look into what is Enhanced Due Diligence, the risk indicators as well what happens when companies fail to apply Enhanced Due Diligence or EDD as its mostly known.
The full list of topics covered in this video are:
❂ When is Enhanced due diligence performed?
❂ Enhanced Due Diligence Risk Indicators
❂ Applying a Risk Based Approach at the time of Enhanced due diligence
❂ What happens if companies fail to apply Enhanced due diligence
-------------------------------------------------------------------------------
🔴 SUBSCRIBE so you don't miss any of the AML/ KYC Content we as post TWICE A WEEK
bit.ly/3hD1jl6
--------------------------------------------------------------------------------
Connect with KYC Lookup on Social Media or via our website:)
►LINKEDIN: / kyclookup
►WEBSITE: www.kyclookup.com
#Enhanced #duediligence #EDD
your video's are so helpful, thanks for creating a content on AML KYC . make a separate video on full procedures or the steps which involves AML. FROM starting to end .
@The Expoze Thank you very much for such a nice comment. 😊
Good suggestion definitely one to look into.👍
Great video!
@Artur Silveira Thanks for watching and the comment. 👍👍
love this. thank you :))
@tastytravelandculinarytales Thamk You!! Love your channel by the way 🙂
Due diligence is important in Account opening hence by analysing. The CIN
The Bank before opening any deposit will carry out due diligence as required under " Know your customer" ( kyc) guidelines by RBI
@Madrit Janaki Thank you for the comment and for the support 😀
Thanks
No, Thank you for the support. Hope you liked the video
Thanks for a crisp video on EDD. Can you please make a video on complete Client Onboarding cycle.
@Rohit Raj Thanks for the support. Great Suggestion. 👍
@@KYCLookup Waiting for your video desperately.
Thanks a lot for covering Risk parameters
Thanks for the comment :)
Nicee
Thanks for the comment. We are glad you liked it.
Such a nice a video.
Can you please make video of the documents reviewed on EDD kyc process for INCORPORATIONS AND PARTNERSHIP.
@Daniesh Somaiya Thank you for the comment.
@@KYCLookup waiting for this video.
very nice explanation tomorrow is my presentation on edd , now my concept is very clear , thank u
@Ajmal Rabbani Thank you for the comment. GOOD LUCK with the presentation. 👍
@Ajmal Rabbani Just wanted to check in to see how the EDD presentation went. 🤞
@@KYCLookup it was very good I covered all the topics and my teacher was really happy appriciate me..
Once again thanku so much...
@@ajmalrabbani3493 Ah Brilliant. Well done. If you need any help just let us know. We have loads of different tutorials across many topics related to AML. 👍
@@KYCLookup OK sure I'll tell you
The dur diligence process by the Bank , while opening a deposit account will involve satisfying itself about the kyc documents
1 relating to identify of the person
This will take screenshot of Name screen
2Address verification
Second screen shot
3 occupation or source of wealth
Other screen shot
4check Recent bphoto graph of individual Entity cin
5Fresh photograph screen shot
For individual or Entity ie secretary of state
6 period review
So fresh screen shot is pasted
For
Kyc monitoring and compliance activity
Before submitting the vin check recent Transactions is been taken
Because we have to check present ly
Any operation on his bank account done
Hence fresh screen shot always
For compliance activity
Due diligence required
In India it is PAN
In us it is SSN
@Madrit Janaki Thank you for the comment and for the support 😀
Just keep providing knowledge 👍👍👍
@Natural Beauty Thanks for the comment. Yes, we will keep brining you great content. 👍
Can create a video on tpoic aml tools used of various kind
@himanshishah4400 Thank you for the support. Thats a good idea. You mean like tools for screening or verify IDs, best onboarding tolls etc?
Can u please do a video on TPPP, MSB and FINTECH
@Saikumar Kallagunta Thank you for the support and suggestion. Third Party Payments is a good one and so is Money Service Businesses. In regards of Fintechs we also covered it under the below tutorial.
Fintechs in the AML space
ruclips.net/video/h-VNLcIDnt4/видео.html
Once again, thank you for the support!!
Enhanced due diligence is additional due diligence which is performed after conducting CDD on a high-risk client. Am I correct in my understanding?
1 more question, Is it your call to conduct EDD or someone from the team who is in a higher position hierarchically will suggest you perform EDD? How does it work in this industry?
Thanks for the question the decision to perform EDD is based on the multiple risk factors, if the result is additional diligence is required then EDD is performed.
Can you please make video on client on boarding process
Good suggestion!! 👍
Please do video on KYc Remediation
thanks for the suggestion. thats a very good one
Can you please make a video on country risk
@Francesca Bautista Thank you for the comment and suggestion. Thats a good one. 👍
I am not in the industry yet. So Could you please help with the answer to this question . Question: When you are working on a entity and when you are suspicious about the client's details, then you perform additional due diligenece which is termed as 'Enhanced due diligence'. Did I understand it correctly?
EDD is performed on the risk the client presents, so if you think something is suspicious you should submit a UAF (Unusual activity form/rerport)
What is the Difference between Enhance due diligence and due diligence
Is Due diligence and Enhance due diligence are same
@Madrit Janaki Thank you for the comment and for the support 😀 - Very good idea
OFAC , OFSI , RDC
@parag Pareek Thanks for the comment and suggestion.
Fatca , crs , Dodd Frank , non profit organization - would need your help on it
@Shewetha Rajanna Thank you for the suggestion. 👍
@@KYCLookup thank you
Sir mera account blocked or freezen ho gya h tho bank vale mujse EDD form submit kerva rahe h sir kya hota h is form me sir please help 😢
Please help me 😭
Thank you the comment, however i dont fully understand your query.
I have just responded, if you can elaborate on how we can help, that would be appreciated
Instagram I'd send please
Bhai apka solve huva kya
Sir my Bank account debit freeze says EDD required what to do now sir please tell me please send me your mobile number