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Best Practices For Enhanced Due Diligence And Compliance

Due Diligence is a practice that comprises the investigation of a business or a person, prior to entering into a contract or agreement. Enhanced Due Diligence is the higher level of due diligence taken into force to alleviate the increased risk. It is usually done on individuals or organizations which have been flagged for more detailed level of checks and investigation. It can also be done in areas where corporate governance is not established to a mature level. There are several other risks available in terms of regulations and acts as in Foreign Corrupt Practices Act (FCPA). Enhanced Due Diligence is immensely helpful in complying with these Anti-corruption legislations.

There are various set of practices that are performed with regards to Enhanced Due DIligence :

Enhanced due diligence is not a one time solution or exercise, but an ongoing process which provide organisations with the necessary intelligence to capitalise on opportunities in the global marketplace.

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