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Counterparty Due Diligence

Know your counterparty Assess your counterparty Approach to the business deal with counterparty

When you know more, you risk less. Counterparty Due Diligence is a tailored risk-based solution that makes the third-party business a secured framework, irrespective of the scale and function of the business.

Netrika offerings for Counterparty Due Diligence

  Due diligence on individuals or companies before onboarding and verification

  Regulatory checks for legislative compliance

  Background verification of incumbent business partners

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Counterparty Due Diligence

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Our Experts

Sanjay Kaushik
Sanjay Kaushik

Managing Director

CFE, CII, FCIISCM, CATS, CCPS, CFAP

Sanjay Kaushik
Col Sanganagouda Dhawalgi

Executive Director-FI

CFE

Sanjay Kaushik
Dheeraj Sangal

Director – Forensic Investigations (FI)

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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:

  • Site visits
  • Interviews
  • Detailed profiling
  • Compliance databases
  • Litigation and regulatory checks along with adverse information

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.

What Is The Importance Of Counter Party Due Diligence?

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.

  • In order to be viable, companies need to be agile and efficient. A business relationship is a complex network holding n number of risks running through it. Any questionable practice or unethical behaviour at the organisational level can risk the investments done over it. Due diligence has come up as a promising solution to rule out this risk factor.
  • When you enter into a merger or business partnership, the organisation needs to make sure that the prospective business partner does not have a poor history of monetary frauds, performance, litigation issues, any kind of reputation issues, and links to any kind of organised crimes or even political exposure. All this can have an impact on the reputation of the organisation and they surely do not wish to risk it.
  • There is no denial of the fact that experts of industry practice and dynamics can work efficiently in the technical appraisal of an enterprise of the prospective partner but the facts and figures hidden wilfully can only be uncovered and exposed by skilled due diligence.
  • It has been often observed that entities that look to be clean are usually filled with multiple skeletons in their closets which can be outrightly exposed by due diligence.

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.

    

 

What we offer
  • Data with integrity.
  • Our methodologies reflect a strict adherence to industry-recognized standards. Moreover, we deliver one of the highest educations and employment verification rates in the industry.
  • We design products and services that adapt proactively to current and future needs for screening.
  • Compliance-driven Strategies Risk mitigation is a crucial component for successful recruitment when developing the brand.
  • Fast Turnaround Times: To help customers make decisions even faster, we deliver real-time results as they are available, accelerate communications between third parties, and can leverage candidate-provided documentation where appropriate.
  • Global Reach: With today’s globalized workforce, it’s essential that your background check company be able to procure candidate background information from around the world.
  • 100 Years of cumulative Experience You Can Rely On.
  • Member of PBSA- Professional Background Screening Association.
FAQs

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.

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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.

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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.

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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.

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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.

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Forensic Interview Solutions
PBSA
ASIRS
NASSCOM
SECONA
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CII
Global E2C
Association of Certified Fraud Examiners
ASIS International
International Trademark Association
SHRM
APDI
ACACAP
Institue of Directors
Award 2023
India IP award 2022
India IP award 2021
Entreprenuer of the Year Award 2020
Business Protection Award 2019
Cobra Award 2019
Business Sphere Award 2018
Fraud Investigator of the Year Award
Award for Outstanding Contribution in Risk Management
Security Project Design of the Year
FSAI