enhanced due diligence software in use

Enhanced Due Diligence Software

Get your EDD reports in a third of the time for a third of the cost

The ability to meet enhanced due diligence (EDD) requirements is a must for organizations that are engaging with new suppliers, vetting parties involved in a merger or acquisition, or need to meet AML, anti-bribery and anti-corruption obligations. Unfortunately, traditional service providers can take weeks to deliver your EDD reports and continue to increase their prices for the same basic service.

 

Alessa’s enhanced due diligence software allows you to order reports directly from the application and deliver them in one third of the time for one-third of the average industry price.

Alessa's EDD Reporting Capabilities

Coverage Description Level 1

1 Day

Level 2

3 Days

Level 3

5 Days

Executive Summary Overview of the report
Corporate Registration Check (for entity) Checks on official registry to establish the identity
Background/Profile Background information of the individual
Organizational Structure Organizational structure of the organization
Shareholding Structure Shareholding structure of the organization
Identification of Current Associated Parties Associated individuals and organizations
Identification of Former Associated Parties Formerly associated individuals and organizations
Sanctions & Watchlists Sanctions & Watchlists checks on Rzolut ContentStream
Political Affiliations Check (PEP) PEP checks on Rzolut ContentStream
Regulatory Checks All key regulatory bodies
Reputation & Integrity Check - English Language Adverse, Positive & Neutral media information check for past 5 years
Reputation & Integrity Check - Local Language Adverse, Positive & Neutral media information check for past 5 years
Social Media Review Review of mainstream social media platforms for 3 months
Summary of Key Financials/Credit Ratings Financial overview of the target
Summary of Wealth (in case of individuals only) Source of wealth assessment for the individual
Court Records Check Supreme Court, High Courts and District/Regional Courts / Open Media for the last 5 years
Criminal Records Check Supreme Court, High Courts and District/Regional Courts / Open Media for the last 5 years
Insolvency & Bankruptcy Check Insolvency & Bankruptcy Court
Entity/Individual Profiling Profiling of associated parties
Corporate Registration Check (for entity) Checks on official registry to establish the identity
Sanctions & Watchlists Sanctions & Watchlists checks on Rzolut ContentStream
Political Affiliations Check (PEP) PEP checks on Rzolut ContentStream
Adverse Media Check - English Language Adverse media information check for the past 5 years
Adverse Media Check - Local Language Adverse media information checks in local language for the past 5 years
Litigation Check (Courts) Supreme Court, High Courts and District/Regional Courts for the past 2 years
Insolvency & Bankruptcy Check Insolvency & Bankruptcy Court
Regulatory Check All key regulatory bodies

Key Features

Simplify the EDD Process 

When an EDD request is submitted, a work item is created within Alessa. When the EDD report is available, the person who requested the report will be notified to analyze and review the findings and update the appropriate risk indicators, which will automatically update the entity’s risk score and can be used to help make the best decision.

EDD Monitoring for Faster Insights

Accurate information is critical at the beginning of any business relationship to help avoid risky relationships. Alessa’s delivery of EDD insights in one-third of the time of traditional EDD providers ensures you can make timely decisions while keeping your business compliant.

In-Depth Background Analysis

An Alessa EDD investigation allows you easily analyze a comprehensive report of an entity. The report provides a complete review of an entity’s background, reputational risks, litigation history, as well as results from sanctions, watchlists and regulatory reviews.

Industries We Serve

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Our EDD software is one solution in Alessa’s integrated AML platform. It is powerful on its own, but when used in collaboration with our, KYC/IDV, sanctions screening, transaction monitoring, risk scoring, case management, and regulatory reporting solutions, you’ll benefit from:

Daily Updates on Client Risk

Alessa provides you with a comprehensive and daily update on client risk, highlighting clients whose risk scores have surpassed your organization’s risk threshold in the last 24-hours.

A 360° View of Each Client

Alessa 360° provides a complete view of client information and activities, making suspicious activity easier to investigate and resolve.

Expedited Processes and Results

We've streamlined and automated many of the time-consuming AML tasks so you can focus on investigation and the next steps to help keep your establishment compliant.

Schedule a
Free Demo

Get your EDD reports in a third of the time for a third of the cost with Alessa.

Book your complimentary demo of our Enhanced Due Diligence Software to learn more.

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Excellent tool for fraud prevention and risk management

I have worked with Alessa for years because of how useful it is to thoroughly analyze transactions and identify suspicious operations

– Jane Doe, Company ABC

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