Does easyAML facilitate Enhanced Customer Due Diligence (Source of Funds and Source of Wealth)?
Yes, end-to-end Source of Wealth and Source of Funds workflow for individuals and entities, with a library of pre-built source types mapped to common AUSTRAC ECDD triggers.
easyAML provides a complete, end-to-end Source of Wealth and Source of Funds workflow that takes a customer file from initial request through to formal compliance sign-off - without needing to bolt on external tools or maintain parallel spreadsheets.
The workflow covers both individuals and legal entities, with a library of pre-built source types - employment income, business proceeds, sale of asset, inheritance, gift, investment returns, loan proceeds and others — that map to the real-world circumstances your team will actually encounter, so they're not drafting evidence requirements from scratch on every file.
When a customer is escalated to ECDD (because they're a PEP, located in a higher-risk jurisdiction, flagged by your firm's risk model, or for any other trigger defined in your AML/CTF program), the evidence requirements adjust automatically to the customer's risk tier. Junior staff aren't left guessing how much is "enough," and your compliance officer isn't reviewing files built to inconsistent standards.
Requests are issued directly to the customer, supporting documents are collected in the customer records in the easyAML portal, reviewers can view and note, and a compliance officer formally signs the file off when satisfied. At sign-off, every piece of evidence in that customer's library is captured as a frozen, immutable snapshot - producing a tamper-evident audit trail that records exactly what was relied on, by whom, and when. If AUSTRAC ever scrutinises an ECDD decision, you can reconstruct the full chain of reasoning on that file without scrambling through emails, shared drives, or document version histories.