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Compliance & AML
Enhanced due diligence for the customers that need a closer look
When a customer is high risk, a PEP or linked to a high-risk country, our EDD specialists build a complete picture of who they are, where their money comes from and whether the relationship fits your appetite.
At a glance
Source of wealth
Source of funds
PEP assessment
Adverse media deep dive
Supporting fintechs in the UK, EU, US and Canada
Overview
Where most compliance findings begin
High-risk relationships attract the most attention from regulators and banking partners. Weak EDD files, missing source of wealth evidence and undocumented approvals are among the most common findings in fintech reviews.
Hilix prepares structured EDD files that collect and corroborate source of wealth and source of funds, review adverse media, assess ongoing risk and present a clear recommendation to your senior approver. We then set the enhanced monitoring and review frequency that the relationship needs.
What’s included
Everything included in Enhanced Due Diligence (EDD)
Who this is for
- Fintechs onboarding PEPs or high-net-worth customers
- Payment businesses serving high-risk corridors
- Businesses responding to EDD findings in an audit
- Compliance teams short of experienced EDD analysts
What you receive
- Complete EDD files with corroborated evidence
- PEP and high-risk country assessments
- Senior management approval records
- Enhanced monitoring rules and review schedules
- EDD procedure and evidence standards
How we work
How we take over or build your compliance function
Diagnose
We review your policies, risk assessment, case files, queues and systems to see what works, what is missing and what is exposed.
Design
We agree scope, service levels, escalation rules and the decisions that stay with your MLRO, then document them.
Operate
Our analysts work inside your tools, clear queues to agreed SLAs and record every decision with evidence.
Report and improve
Weekly and monthly MI, quality checks and trend analysis feed continuous improvement and board reporting.
FAQ
Enhanced Due Diligence (EDD): common questions
Which customers need EDD?
Typically PEPs, customers linked to high-risk third countries, complex or unusual transactions and any customer your risk assessment rates as high risk.
How do you verify source of wealth?
We combine customer-provided documents such as payslips, sale agreements or company accounts with independent sources, and record how each piece of evidence supports the conclusion.
Who makes the final decision?
Your designated senior manager or MLRO. We prepare the analysis and recommendation so the decision is informed and properly documented.
Keep exploring
Related services
Sanctions & PEP Screening
Customer and payment screening against OFAC, OFSI, EU and UN lists with fast, well-documented alert handling.
Adverse Media Screening
Structured negative news searches with clear relevance assessments and risk conclusions for customers and businesses.
Customer Due Diligence (CDD)
Risk-based CDD standards covering identity, purpose, expected activity and ongoing review, applied consistently.
All Compliance & AML services
KYC, KYB, screening, transaction monitoring, SARs, policies, audits and MLRO support run by experienced fintech compliance practitioners.