CFE, CII, FCIISCM, CATS, CCPS, CFAP
CFE, CII, FCIISCM, CATS, CCPS, CFAP
Director – Forensic Investigations (FI)
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.
A counterparty due diligence service can help you learn a wide range of details about a person or a company with whom you intend to work together or already have a business relationship.click here
Organisations are growing internationally and doing business with people and firms in many regions. This calls for the use of counterparties like suppliers/agents, business partners, channel partners, and clients. Although these counterparties are essential for an organisation’s expansion, they also expose the organisation to numerous unanticipated hazards.click here
If your business does not have extensive information on its prospects, it can expose the organisation to bribery, corruption, organised crime, fraud, money laundering, counterfeiting and risks of defaults.click here
The absence of adequate counterpart due diligence can bring non-compliance with anti-bribery regulations, reputational risks, costly investigations & remedial programmes, potential civic penalties, negative publicity and wasted management time for your business.click here
Counterparty due diligence assesses your business and its potential or existing association with another business based on its legal standing, market position and financial position.click here