While Know-Your-Client (KYC) has become an inherent part of the process for most corporates, due diligence on third-parties, such as suppliers, agents and intermediaries rarely occupies the centre of the stage. The impact of third-parties on a company’s business is often underestimated – lack of understanding of counterparties’ background and business practices increases the risk of fraud, mismanagement and can have a severe impact on your business’ reputation. Thorough third-party due diligence – through creative and comprehensive gathering of information and intelligence – can help organizations better assess the third-party and associated risks and identify areas of potential concern or opportunity that would otherwise have gone uncovered.
Join us to hear Shannon Rainey discuss scenarios in which third-party due diligence helped uncover areas of risk and opportunity for our clients, including:
- The use of strategic human intelligence gathering to assess the counterparty’s risk profile and how to gain advantage over businesses with less stringent processes
- Research tips and tricks which help point out weaknesses of “rating-style” due diligence reports
- The assessment of the impact of external factors, such as political and regulatory change
- How focus on Environmental, Social, and Governance (ESG) aspects of the counterparty’s profile has given our clients a competitive advantage in their respective sectors
