CFE, CII, FCIISCM, CATS, CCPS, CFAP
Counterparty Due Diligence
For any kind of business to succeed, they cannot stay away from third-party assistance. They can make or break the reputation of a company. Hence, organisations need to exercise caution. Carrying due diligence is necessary before you associate yourself with someone else for business. Investing a little in this exercise at the start can save businesses millions in the long run.
As the number and complexity of relationships that a business has with various counterparties increases, through and comprehensive oversight becomes essential to achieve success. Failure to appropriately assess and manage the risks of your counterparties can inevitably lead to reputational damage, operational risk, and financial loss in the prevailing landscape of growing regulatory scrutiny and increased demand for transparency and accountability. Due diligence on counterparties has become even more essential as the enforcement of regulations, such as the:
These regulations have made it mandatory to implement counterparty due diligence programmes.
Being among the market leaders in this domain, we carry a deep and comprehensive understanding of conducting rigorous counterparty due diligence through published sources and relevant data collection, in order to identify potential risks and mitigate issues of possible concern.
Our customised approach and analysed output include consent-based due diligence procedures such as:
Our team of expert professionals possess deep data collection capabilities through public domain searches and on-ground data collection. We offer various report types to meet a multitude of your requirements.
When your company decides to invest in a promising enterprise, start a joint venture with a partner, take on a large client or an organisation or engage a vendor for his services, it is very important to get counter party due diligence done, in order to make sure that the prospective business partner will be capable of fulfilling the commitments done and the partnership will prove to be fruitful. Apart from that, it has been often found that senior management of an organisation is often involved in managerial level frauds. Hence, when you associate with an organisation or an individual senior management due diligence is equally important.
Some benefits you can reap after doing counter party due diligence have been entailed below.
To know more about counter party due diligence, you can get in touch with an industry expert such as Netrika. Due diligence is an important and sensitive matter that should only be handled by experts.
Contact us at the Netrika office nearest to you or submit a business inquiry online.
Organisations are trying to be proactive with their monitoring to spot suspicious people and packages before crimes occur.
We at Netrika aim to be in the top 5 in times to come soon, while maintaining cost competitiveness and quality of the work delivery.