In the context of the ongoing Ukraine crisis and the tightening of sanctions against Russian and Ukrainian entities, an intelligence layer detecting various, surprisingly timely shifts in the shareholding structure of such entities in a bid to escape sanctions can represent invaluable information. Furthermore, the complex news landscape around the bribery scandal involving one of the largest pharmaceutical companies now features the case of a business risk advisory firm with alleged knowledge of China, whose CEO is now standing trial due to the use of unethical investigation methods.
Background checks are vital to understand the spectrum of potential threats. However, gathering the extensive range of information needed for effective due diligence is an arduous, time consuming task, especially where the business relationship involves other countries or where relevant information is in a language not easily understood by the researcher.
Examples of when to conduct enhanced due diligence:
- Before a merger, acquisition or joint venture
- When on-boarding high net worth or high profile clients
- When automated risk screening reveals risk
- Where geopolitical risk analysis flags a transaction or individual as linked to a high risk country
- As a key component of a comprehensive compliance program
- To enhance an existing compliance process, where resources are stretched
It is vital to enlist a due diligence provider who not only employs a robust and thorough methodology but also one that is ethical.
How can Thomson Reuters Accelus help?
IntegraScreen Enhanced Due Diligence Reports provide structured, comprehensive background checks on an organization, its owners and its operating and litigation history, as well as key management, decision makers and beneficial owners, providing insight on their background, track records, competencies, potential conflicts of interest and political and criminal links.
Our complex due diligence report building process places particular emphasis on sourcing the right information directly and in an ethical manner – language and accessibility being no object under this condition – maintaining a consistency of methodology and quality, as well as absolute confidentiality.