Enhanced Due Diligence (EDD) Review demo
Agents build each high-risk customer's EDD file, check activity against what was declared, draft a cited memo, read it as an examiner would, and route it for sign-off 1:32
What the demo shows
BSA analysts build the EDD file for high-risk customers: source of funds, activity, approval
A File Assembler starts each annual file 45 days before it is due and reads the core, the monitoring system, document imaging, the CRM, the adverse media service and the public registration and license lookups. An Activity Analyst draws the declared activity as a band and twelve months as dots, and explains each month outside it with a cited cause. Licensing, Source of Funds and Adverse Media agents check their parts, and a Memo Writer drafts the memo with a source on every sentence and asks the one question it could not settle. An Examiner Reader lists weak claims. The analyst submits, the BSA Officer approves, and the Chief Risk Officer approves the relationships the policy names; only then are the expected activity, the threshold and the next review written back.
Transcript
- Enhanced Due Diligence Review builds the EDD file for high-risk bank customers.
- At Tessaly Community Bank, three analysts own six hundred annual reviews.
- Renee opens Quarry Street Check Cashing, a check casher due in fifteen days.
- The band is what it declared: three eighty to four twenty thousand.
- March hit six hundred eleven thousand; every month since sits above.
- Every sentence is cited; the site visit found two new stores.
- The agents ask one question: are those stores licensed? Renee confirms.
- An examiner agent reads the memo; she accepts its two fixes.
- She submits; BSA Officer Gloria Whitcombe approves a higher threshold.
- As a money services business, the Chief Risk Officer signs too.
- Every source and signature lands in the examiner pack, kept five years.
- Each file arrives cited and checked: about twenty-seven hundred analyst hours back a year.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.