When is due diligence most critical?

Importance of due diligence

Importance of due diligence, when it is most critical? Due diligence means taking reasonable steps to satisfy legal requirements in the conduct of business relations. However, the reality of proper due diligence means so much more: it allows you to reduce risks, including risks arising from the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, to make informed decisions and pursue takeovers or mergers with more confidence.

Unlike other kinds of control (audits, market analysis, etc.), integrity due diligence should be completely independent and thereby rely as little as possible upon information provided by the researched subject. In short, due diligence is an essential function of any successful business model, and having the proper procedures in place will help protect your organisation from the threat of the unknown. 

Due diligence on business partners: What you don’t know can hurt you.

The importance of due diligence regarding potential business partners is vital to confirm the legitimacy and reduce the risks associated with such professional relationships. Global integrity due diligence investigations provides the critical information you need to make sound decisions regarding mergers and acquisitions, strategic partnerships, and the selection of vendors and suppliers.

The level of investigation will ensure that working with a potential trade partner will ultimately achieve your organisation’s strategic and financial goals. Integrity due diligence includes essential types of checks that can help uncover such facts include the following:

• Vendor due diligence and M&A due diligence on new commercial relationships, JV partners, acquisition targets, agents & distributors
• Compliance due diligence – e.g., FCPA compliance, UK Bribery Act compliance and other international counter-bribery legislation
• Due diligence investigation on third-party suppliers, agents or distributors
• In-depth investigations ahead of mergers, acquisitions & joint venture formation
• Pre-IP background checks
• Research into recipients of proposed equity investments or loans
• Enhanced due diligence during the client on-boarding process
• Help with document review, risk rating, & programme audit
• Training for in-house due diligence staff

How it works

DueDiligence360™ services provide the specialised intelligence needed by any financial institution and multinational corporation to guarantee complete compliance with international regulations and legislation involving trans-national implications.

These types of reports help you comply with anti-money laundering, anti-bribery, and anti-corruption regulations or provide the information you need before a merger, acquisition, or joint venture.

You can also use them for third-party risk assessment, onboarding decision-making, and identifying beneficial ownership structures. The types of parties that your organisation should consider for integrity due to diligence checks could be found here.

Identify key risk issues clearly and concisely using accurate information in a well-structured and transparent report format. Our comprehensive range of reports includes specialised reports that support specific compliance requirements.

Protect your reputation and the risk of financial damage and regulator action using our detailed reports. They enhance your knowledge and understanding of the customer, supplier, and third-party risk, helping you avoid those involved with financial crime.

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Global coverage that makes the difference

Within the global network, CRI Group works with companies across the Americas, Europe, Africa, and the Asia Pacific as one-stop international risk management, background screening and DueDiligence360™ solutions provider.

We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. CRI Group’s global team of assets have unrivalled experience across local geographies.

They can navigate the automated and transparent developed world systems and the mostly off-line processes required in many emerging markets. As a result, we work both directly for clients and as a discreet white-labelled supplier to some of the world’s largest risk management consultancies.

Wherever your candidates, employees, or suppliers are in the world, we’ve got them covered. Don’t leave risk management to chance. Take a proactive stance with the highest level of DueDiligence360™ as a part of your essential business strategy. Contact us today to learn more about our full range of services to help your organisation stay protected.

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Who is CRI Group?

Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider.

We have the largest proprietary network of background screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are, we have the network needed to provide you with all you need, wherever you happen to be.

CRI Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI Group launched the Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification.

ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.