Enhanced Due Diligence (EDD)

Enhanced due diligence is a process where deep stringent investigative and analytical measures are adopted in comparison to CDD. This usually takes place when the individuals or organizations involved in the business are perceived to present a higher than normal risk level. It is a way of enhancing protections by pursuing additional checks and widening the scope of the search. Regular, common due diligence checks involve reference to the regulations and the credentials presented by the customer, whereas enhanced due diligence covers a wider scope of checks across a whole range of political, social, economic, technological and legal areas.