EDD Rule Updates

Coming next Wednesday, July 24th.

We are updating our 'Enhanced Due Diligence - Periodic Review' rule scenario. Previously, the rule would not flag 'High' or 'Medium' risk entities (whichever you select in the rule) until they had passed their first specified 'review' cadence (e.g. 3 months, 6 months, 1 year).

Before

In the below screenshot, we would not generate alerts for 'High' risk entities until they have been registered for 6 months. The alert schedule previously looked like an alert at the 6 month mark, 1 year mark, 1.5 year mark and so on (every 6 months after the initial 6 month period).

After

After this change, all entities that are 'High' risk will get an initial alert, regardless of their account tenure. The alert schedule now looks like one alert on the first day of the account being 'High' risk, followed by an alert at the 6 month mark, 1 year mark, 1.5 year mark and so on (every 6 months after the initial review after initial account on-boarding).