Let RSM’s business intelligence services team do the essential investigations before you enter a new partnership, mitigating potential financial and legal risk.
RSM’s business intelligence services team offers a range of investigative research and intelligence gathering services on a worldwide basis.
The business intelligence services team is able to assist you in gaining comfort in advance of any new business partnership. This could be a new:
- joint venture
- supply chain relationship
- major investment
- significant client relationship
Equally, RSM’s business intelligence services can provide crucial investigative work in cases of alleged fraud, corruption, money laundering or around situations of commercial dispute, including asset tracing.
Integrity Due Diligence (IDD) – Strategic Partnership Assessment
Wherever a business is entering into a joint venture, acquisition or other major investment, it may need to conduct Integrity Due Diligence (IDD) on its future partner or investee. Equally, companies may wish to undertake IDD on their suppliers, distributors and agents across the world. This may be particularly advisable where these entities are located in jurisdictions in which corporate governance has historically been weak. IDD may also on occasion be conducted on individuals, for example when a business is seeking to make a new senior hire, or when a venture capital firm is looking to back a management buyout.
IDD involves confidential information gathering on these actual or potential business partners for strategic risk management purposes. Our aim is to provide clients with tailored, in-depth, fully up-to-date intelligence. This is to assist clients both in their strategic decisions and to provide them with a level of peace of mind around their key business relationships.
Enhanced Due Diligence (EDD) – regulatory and compliance support
Over the past decade or more, there has been a gradual and consistent tightening of the legislative and regulatory environment around corruption, money laundering and similar areas, particularly for companies with operations in developed economies. The coming into force of the UK’s Bribery Act in July 2011 has once again highlighted the need for organisations to have adequate procedures in place to address risks around bribery, corruption and money laundering. Failing to address these risks invites the possibility of significant reputational damage and possible prosecution.
EDD is essentially a narrower version of IDD, designed specifically to address these risks, and therefore focused primarily on:
- the identity of the beneficial owners of a business partner or client (where a client is an individual, one focus will instead be on their identity, with particular emphasis on whether they might be considered a politically exposed person)
- on their possible involvement in ‘red flag’ issues: not only allegations of money laundering and corruption but also, for example, of fraud, involvement in terrorist financing, links to organised crime groups and large-scale tax evasion.
Get in touch with us to learn more about how RSM’s business intelligence services team can use its information-gathering skills to assist your organisation.