All due diligence articles
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ArticleUnclaimed property filing deadlines loom large
Deadlines are fast approaching for state unclaimed property filings, with roughly 40 states setting filing dates on Oct. 31 or Nov. 1.
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Blog post
Evaluation of third parties
Compliance practitioners at GE Oil & Gas discuss the process by which GE reviews the risks around each of its third parties.
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Blog post
The ‘how’ question in due diligence
A clear lesson to be learned from the Theranos scandal is when conducting merger due diligence, make sure to determine how a new partner conducts itself and its business.
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Blog post
Phase 2 in third-party risk management: the questionnaire
An essential piece of third-party risk management is “the questionnaire,” which companies should garner on behalf of all their third-party relationships at the start of the union in order to move forward with all the anwers.
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Blog post
What is due diligence?
Due diligence is key to getting your third-party risk management program off the ground.
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Article
Carillion demise brings lessons in compliance
The collapse of U.K. construction firm Carillion points to a need for compliance to step up to the plate and conduct its own due diligence, regardless of where the markets may lead.
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Blog post
Compliance lessons from the HP-Autonomy fiasco
The Man From FCPA discusses the reasons behind one of the greatest corporate disasters in the past few years: the acquisition of Autonomy by Hewlett-Packard.
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Blog post
IHS Markit adds new screening capabilities to vendor due diligence service
IHS Markit, a critical information, analytics and solutions provider, announced that its vendor risk management service, KY3P, added financial crimes screening to its comprehensive due diligence tools.
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Blog post
Arachnys and Fenergo sign strategic partnership agreement
Arachnys, a cloud-based investigation management technology provider, and Fenergo, a provider of Client Lifecycle Management solutions for investment, corporate, and private banks, have announced a joint partnership to leverage their complementary technologies.
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Blog post
Why board oversight matters, in investing and compliance
The case of Outcome Health is a clear lesson for the anti-corruption compliance practitioner: Levels of oversight not only provide a backup to make sure that no mistake should slip through, but also the rigor of financial oversight.
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Blog post
The three levels of due diligence
How to recognize and utilize each level of due diligence to fight corruption.
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Blog post
Looking to buy? Be sure and complete your due diligence
Tom Fox explores a recent report on wealthy American businessmen attempting to purchase London soccer clubs for a weekend outing and their due diligence duties.
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Blog post
Icertis, Thomson Reuters partnership provides compliance screening
Icertis, a provider of enterprise contract lifecycle management in the cloud, announced a partnership with Thomson Reuters, a provider of intelligent information and solutions for businesses and professionals.
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Blog post
Panama Papers: Mossack Fonseca linked to offshore deals in Africa
A new round of investigations on the Panama Papers conducted by the International Consortium of Investigative Journalists (ICIJ) this week revealed that Panama-headquartered law firm Mossack Fonseca established offshore companies to own, hold, or do business with petroleum, natural gas, and mining operations in 44 of Africa’s 54 countries—many of ...
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Blog post
Customers and corruption risks
What is the cost of corruption? How much due diligence must you perform with those entities that are your customers? Does doing business with companies that have a propensity for corruption put your company at risk? In light of the scandals at Petrobras and Houston-based ENSCO, companies might want to ...
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Blog post
Podcast: due diligence in emerging markets
In our latest podcast we discuss due diligence and third party oversight in emerging markets with Kevin Braine, managing director and head of Kroll’s compliance practice in Europe, the Middle East, and Africa. Based in London, Braine is responsible for driving forward the expansion of Kroll’s compliance services throughout the ...
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Blog post
Barclays: A Modern Enforcement Action for Modern Misconduct
Image: Last week the U.K. Financial Conduct Authority whacked Barclays with a fine of £72 million ($109 million) for sloppy oversight of a huge private-client deal brimming with financial crime risk. The more you read the details of the transaction and how poorly bank executives managed it, the more you ...
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Blog post
EIOPA Requires ‘Robust’ Risk Management Framework
Image: The European Insurance and Occupational Pensions Authority (EIOPA) is backing the creation of a separate asset class for high-quality infrastructure investments under Solvency II. The EIOPA also stressed that insurers should have the proper due diligence and risk management procedures in place to tackle the complexities associated with this ...
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Article
Squeezed: Banks Have No Easy Path on De-Risking
Image: Money service businesses, bitcoin startups, marijuana shops; the population of high-risk customers in the banking world is surging. Regulators have sent conflicting messages about wholesale de-risking of certain sectors, and that can force painful questions about how to build effective, and extensive, due diligence programs. “Regulators are talking from ...
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Article
Firms Prepare for Heightened AML, Due Diligence Expectations
Expect an even greater focus on anti-money laundering efforts in upcoming examinations by the SEC and Financial Industry Regulatory Authority. That was the message from speakers at a “Compliance Outreach Program” the Securities and Exchange Commission hosted for financial firms last week. What’s more: New Treasury Department rules that could ...
