How well do you trust your third party?

A Singapore-based construction company had told our Client that it does not do business in sanctioned countries or with sanctioned entities. However, our client was not convinced by the verbal assurance provided by the target company.

Therefore, the Client requested The Red Flag Group® to perform an enhanced due diligence on the target company to ascertain its business activities. One of our Asia Pacific Research & Analysis Team performed extensive background checks on the company and found no information suggesting that the target company had business dealings in Sudan, an African country still on the European Union and UK sanctions lists.

However, upon cross-referencing with multiple official and public sources and working in collaboration with our Middle East and Africa team, our Asia Pacific team uncovered evidence that the target company was doing business in Sudan and with sanctioned entities.

We demonstrated how a deep dive due diligence requires additional checks using different sources and databases. Our Research & Analysis teams, based in different locations around the globe, will collaborate to help Clients identify and manage risks. Our teams are always working around the clock in different regions to ensure that the needs of our Clients are met.

Find out how our all-inclusive IntegraCheck® | Integrity Due Diligence can provide you with a first line of defence against potential compliance risks.

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Outside-the-Box analysis

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How we confirm suspicious dealings using multiple data sources
How we confirm suspicious dealings using multiple data sources

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