PEP & High-Risk Customer
Enhanced Due Diligence Workbook
Comprehensive EDD toolkit for UK-regulated firms. Document thorough, defensible enhanced due diligence with professional templates aligned to MLRs 2017, FCA requirements, and JMLSG guidance.
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The EDD Challenges You Face
FCA enforcement actions consistently identify the same enhanced due diligence failures. Without structured processes, firms struggle to demonstrate adequate controls.
Inconsistent Documentation
Different staff document EDD differently. Some cases have detailed records, others have minimal notes. Regulators see inconsistency as a control weakness.
Weak Source of Wealth Verification
The most common FCA finding. Firms accept customer declarations without adequate verification. Source of wealth and source of funds are confused or conflated.
No Clear Risk Framework
Subjective risk assessments with no documented methodology. Decisions that seem arbitrary when reviewed. No clear thresholds for escalation or approval.
What’s Inside the Workbook
PEP Identification & Classification
- Domestic and foreign PEP definitions
- Family member identification guidance
- Known close associate criteria
- PEP screening record template
Source of Wealth & Source of Funds
- Clear SoW vs SoF distinction
- Separate assessment templates
- Evidence requirements matrix
- Verification checklists
Risk Scoring Matrix
- 8-factor quantifiable assessment
- Clear classification thresholds
- Documented risk rationale
- Consistent decision framework
Senior Management Approval
- Regulation 35(5) compliant workflow
- Risk summary for approvers
- Approval decision documentation
- Conditions and monitoring requirements
Ongoing Monitoring Framework
- Review frequency by risk level
- Periodic review templates
- Monitoring checklists
- Trigger event documentation
Corporate Customer Supplement
- Beneficial ownership schedules
- Ownership structure verification
- UBO identification guidance
- Complex structure assessment
Aligned to UK Regulatory Requirements
Who This Workbook Is For
Strengthen Your EDD Process Today
Stop struggling with inconsistent documentation and subjective risk decisions. Get the professional templates you need to conduct thorough, defensible enhanced due diligence.
Download Now – £249 + VATInstant download. Fully editable Word format. Implement immediately.
