Detection is the best protection
Claiming you were unaware is not an acceptable defense if your business becomes the target of an investigation and it’s found that you are involved with a corrupt or unethical business partner. Even though businesses understand the importance of due diligence, they still struggle with it. Information is available but dispersed across multiple sources, making due diligence a manual and cumbersome process. For this reason, many businesses are unable to conduct due diligence efficiently and find it difficult to:
Verify: Know if a business and its principals are who they say they are.
Consolidate information from hundreds of adverse databases in order to conduct a thorough evaluation and make informed compliance decisions.
Digitally document: Respond quickly to auditors and regulators to demonstrate due diligence was performed.