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Recent developments on the US and foreign law enforcement fronts, alongside signals of a potential shift in Bank Secrecy Act (BSA) obligations, renew pressure on entities to ensure that the quality of their beneficial ownership compliance and third-party screening practices meets rising expectations.
March away from executive hiring madness. Before you extend your hand for the ‘welcome to the team’ handshake, contact us to about putting ExecCheck to work.
Geopolitical upheaval, simmering trade wars, and shifting regulatory and legal norms demand thoughtful recalibration of business risks. They also require diligence and investigative capabilities that are agile and up to date.
The execution of a smooth third-party screening plan can quickly get tangled up in costly multi-vendor complexities. First, there’s the task of absorbing output from one vendor for initial, high-volume screening. Then, getting clarity on the output from the first screen about the subjects requiring a closer look. Next, securely handing off the data on subjects that require a deeper dive to a reliable diligence provider. Finally, monitoring all subjects going forward.
Recent data indicates that there are over 125 open FCPA-related investigations — across 56 industries — into violations of the US federal law prohibiting bribery payments to foreign officials. Those numbers, however, only tell a small part of the story.
In the two and a half years since we launched IntegrityRisk, we’ve heard a steady stream of questions from clients and colleagues about how to navigate the shifting risk terrain. What strategies make the most sense when it comes to meeting the letter and the spirit of evolving regulations? When are we comfortable recommending automated, technology-based products — and when is it smarter to apply the powers of human reason and analysis to diagnosing risk?
The IPO process is a formidable one. The accountability of a soon-to-be public company, as well as the underwriters and attorneys that represent them, necessitates a level of scrutiny and pre-listing ongoing diligence that goes deeper, farther, and wider than nearly any other type of transactional due diligence.
We’re bringing our professional risk management, compliance, and due diligence toolkit to the field of impact investing.