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When a politically exposed person (PEP) is identified during enhanced due diligence, FATF requires that senior management approve the decision to continue or terminate the relationship due to the elevated financial crime risk.

A thorough audit trail requires keeping complete, verifiable records, including copies of identification documents and all written communications, so that compliance checks can be evidenced to regulators or auditors.

FATF considers jurisdictions with weak AML/CFT controls as high-risk. An increase in investors from such regions raises geographical risk, since the customers' funds originate from locations with elevated money laundering or terrorism financing threats.

Financial statements provide verifiable details about a company's income sources, profitability, and cash flow, making them the most reliable document for identifying and confirming the source of funds during EDD.