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 Anna Gumowska and 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
