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We are in a new era of corruption mitigation. Heralded by the increased enforcement of the US Foreign Corrupt Practices Act and 2011’s new compliance hurdle, the UK Bribery Act, the noose of regulators has tightened. Recent years have witnessed an intensification of anti-corruption enforcement, characterised by a steady increase in frequency, publicity and aggressiveness in prosecutions, both on the national and international front.
Due diligence entails a general duty to make an informed decision in any type of transaction, whether they are acquisition or joint-venture related, or involve resellers, suppliers, agents, manufacturers, business partners, and other channel partners. As worldwide initiatives to halt corruption gain momentum, any organisation that conducts business with third parties should have a due-diligence programme in place, where it conducts proactive integrity analysis on its channel partners prior to, and throughout the life of, their engagement with the company.
At The Red Flag Group, we see a truly intrinsic value and business advantage in conducting due diligence on third parties, as well as working towards the development of a comprehensive global third party compliance programme which seeks to reduce the risk of selling through the channel and builds business value through stronger sales partners, anywhere in the world.
Our due diligence and integrity analysis services range from simple checks of a proposed partner’s background to a full due diligence of an organisation’s compliance programme. Our solutions are designed to support global legal and compliance programmes by providing effective and detailed integrity analysis on business partners and third parties.
Every report, whether large or small, is reviewed by a member of our team of attorneys, compliance experts, forensic accountants, fraud investigators and corruption specialists for accuracy and identification of red flags. With this analysis in place, you will be able to proactively assess and mitigate the risks involved when making transactions.
We provide a cost-effective and simple solution that fulfils and exceeds your compliance needs and gives you the ability to quickly and effectively defend your due-diligence process when needed.
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