Enhanced Due Diligence

Manage your Risk and Deal with high-Risk Clients

Determine and mitigate the risk of doing business with high-risk clients by using NameScan’s Enhanced Due Diligence service for the extra checks, required by your AML/CTF program.

facial-recognition-technology-scan-detect-people-face-identification 1

Know your Customers, Manage your Risk and Deal with high-Risk Clients

Simplify the due diligence process 

Specialised due diligence to support compliance, presented in a well-structured report.

Protect your business in high-risk situations

Enhanced Due Diligence (EDD) reports are required to acquire additional knowledge of particular customers, suppliers or third-parties when the money laundering or terrorism financing risk is high.

One product, various use cases

EDD reports are not just for complying with AML, corruption and anti-bribery regulations, they can also be used ahead of a merger or joint venture.

Detailed due diligence reports

Access detailed, accurate information, consolidated by a global team of research analysts.

What's included in an EDD report?

Sample reports are available to show you what to expect.
Select the level of investigation that you would like performed for your customer and leave the rest to us.

Report available in 8 business days

Report available in 8 business days

Report available in 11 business days

What's included in an EDD report?

Sample reports are available to show you what to expect. Select the level of investigation that you would like performed for your customer and leave the rest to us.

What is Enhanced Due Diligence (EDD)?

Sample reports are available to show you what to expect. Select the level of investigation that you would like performed for your customer and leave the rest to us.

Financial Intelligence Unit- India (Flu-IND)

Established in 2004 as a central national organisation charged with the responsibility of collecting, sorting, analysing, and disseminating information about suspected financial activities to law enforcement authorities and international financial intelligence units.

Reserve Bank of India (BI)

Established in 2004 as a central national organisation charged with the responsibility of collecting, sorting, analysing, and disseminating information about suspected financial activities to law enforcement authorities and international financial intelligence units.

Securities and Exchange Board of India (SEBI)

SEBI was created on April 12, 1992 to safeguard the interests of securities investors and to facilitate and regulate the securities market. Additionally, they anti-money laundering and counter-terrorist financing rules for the financial market.

The
importance
of EDD

To satisfy regulators, companies are required to have an AML/CTF program, which states the actions that they will take when the risk of being involved in money laundering or terrorism financing is high. EDD is an essential component of any company’s AML/CTF program required to support decision making on how to manage the risk of dealing with high risk or high-net-worth customers. Typically, these are customers who are acting suspiciously; or where it has been determined through risk-based systems and controls that the money laundering risk is high; or where the service being provided is for a customer who is (or has a beneficial owner who is) a foreign politically exposed person (PEP); or the person or a company performing a transaction has a presence or is incorporated in a prescribed foreign country.

The purpose of EDD is to provide an extra layer of security, when doing business with high risk customers, to determine the specific nature of the risk that would not be detected by the standard KYC process. EDD involves making extra checks on a customer’s identification, collecting additional information and performing further verification, to help you determine if any suspicious matters need to be reported. It plays an important role in detecting, disrupting and preventing money laundering and terrorism financing. It also protects your business or organisation from being exploited for criminal activity.

Get a sample EDD Report

Enter your details to download sample EDD reports