bmr advisors - third party due diligence services
TRANSCRIPT
Third Party Due Diligence | Services & Solutions
Third Party
Due Diligence
Services & Solutions
Third Party Due Diligence | Services & Solutions
The growing opportunities provided by globalization and
emerging markets have redefined the ways multinationals
companies and investors plan their investments. However,
the opportunities also present risks that can develop into
crises, if they are not identified and mitigated before
transactions are finalized or new relationships established.
Additionally, the need for transparency is growing amid
stronger enforcement of laws. The growing need for
compliance with regulations and laws such as Foreign
Corrupt Practices Act (FCPA), UK Bribery Act (UKBA),
Prevention of Money Laundering (PMLA), Prevention of
Corruption Act (PCA), US Patriot Act and KYC guidelines etc.,
knowing your third parties holds greater importance than
ever.
Organizations are becoming increasingly dependent on third
parties (TPs) to strengthen their business models, targeting
new business channels and markets, strengthening their
supply and distribution network, thus, exposing themselves
to several risks of associating with a third party. BMR
integrates investigative techniques, research and analysis to
help organizations manage third party risks.
Third Party
Management
Lifecycle
On- BoardingLifecycle
ManagementRetirement
/ Termination
TP Evaluation
Contract
Negotiation
TP Selection
Contract
Execution
Contract
Management
Performance
Management
TP Risk
Management
TP review
TP retirement
Introduction
Third Party Due Diligence | Services & Solutions
Scope | Enhanced Due Diligence Reports
Scope of Work Level 1 Level 2 Level 3
Executive Summary P P P
Corporate Registration Details P P P
Brief Summary of Nature of Business P P P
Recent Business Activities P P P
Shareholding Structure P P P
Identification and Summary of Key Adverse Issues P P P
Adverse Media Check P P P
Sanctions Check P P P
Local Language searches (Negative Media) P P P
Identification of Associated Parties X P P
Litigation and Compliance Check X P P
Summary of Key Financials X P P
Source of Wealth X P P
Regulatory Checks X P P
Sex Offenders Registry Screening X P P
Insolvency Check X P P
Review of Corporate Governance Issues X P P
Brief Profile of Associated Parties X P P
Extensive Corporate Profile X X P
Credit Ratings X X P
Review of Regulatory Penalties of all Associated Parties X X P
Background check on Management/Board/Ultimate Beneficial Owners X X P
Full Search of identified associated parties X X P
Third Party Due Diligence | Services & Solutions
Terms & Commercials
Taxes would be charged as applicable
Depending on the entity/individual, delivery timelines may vary for Level 2 and Level 3 Reports
The above delivery timelines may differ for large volumes of Due Diligence Reports
Level 1 and Level 2 reports are best suited for Individuals
Research is restricted to public domain searches & sources
Research may be restricted to certain relevant jurisdictions and geographies
Level of Work Pricing Delivery Timelines
Level 1 USD 400 3 Working Days
Level 2 USD 800 5 Working Days
Level 3 USD 1200 7-10 Working Days
Third Party Due Diligence | Services & Solutions
Key Components Challenge Solutions
Anti-Money Laundering
Due Diligence
New technologies and the evolution of criminal activity has
led to the development of sophisticated methods to launder
the proceeds of crime
AML Due Diligence focuses on multitude of risks that organizations face
while dealing with third parties. AML Due Diligence includes regulatory
checks, Sanctions & Watch lists screening, adverse media check, political
affiliations, key financials ( or sources of funds) in addition to checking the
background & history of third parties.
Screening Services Understanding the background and reputation of third
parties you engage with, is more important than ever. A
thorough red-flag screening is what the organizations
require
A screening and red-flag report is focused on identifying potential risks
emanating from dealing with third parties. Red-Flag identification also
includes review of media articles, press releases and online sources of
information to identify potential red-flags. The research is conducted
through databases specialized in collating such information and findings
are presented in a to-the-point report.
Senior Management
Due Diligence
C-Suite executives represent the organization they work for
at various levels, including, print media, making it more
important than ever to conduct due diligence on them.
Additionally, they handle sensitive information and take
major decisions on organization’s behalf.
BMR’s approach of conducting due diligence using primary and secondary
data collection, using public records such as litigation, CIBIL checks,
regulatory checks, media screening & track can help organizations in
making informed decisions while hiring and elevating people
Allied Services
► Anti-Money
Laundering Due
Diligence
► Screening
Services
► Senior
Management
Due Diligence
► Regulatory
Checks &
Litigation Review
► Anti-Bribery
Compliance Due
Diligence
► Extensive Due
Diligence
Third Party Due Diligence | Services & Solutions
Key Components Challenge Solutions
Regulatory Checks &
Litigation Review
Weak or absent internal due diligence processes exposes
the organizations to risks that can easily be avoided
BMR can assist organizations in checking if their third parties face any
regulatory charges or appear of any global Watch lists or Sanction lists in
addition of unearthing pending or disposed litigation matters (civil, criminal)
including bankruptcy filings, for individuals and organizations. A review of
regulatory as well as litigation databases from a large number of countries,
can assist you, in making informed business decisions .
Anti-Bribery Compliance
Due Diligence
Under the FCPA & UKBA Anti-Bribery laws, instances of
Bribery have triggered intense regulatory investigations
resulting in extensive fines on corporations.
BMR’s approach on conducting anti-bribery due diligence not only focuses
on target individual or entity but also on their associations , including
proprietorships, family members, business partners, close friends and
other close associates, to ascertain risks including associations with
government officials, political individuals (PEPs) or parties.
Extensive Third Party
Due Diligence
For organizations tying up with a third party in a new
geography, or partnering with a third party directly or
indirectly
Conducting extensive third party due diligence can help organizations in
understanding the background, business interests, reputation & credibility
of third parties. The checks for an extensive third party due diligence
includes aspects such as business operations, corporate structure,
background & history, regulatory filings, media, political connections,
litigation, credit ratings, financial credibility and an in-depth check of all key
associations of the third party. BMR can also conduct a focused third party
due diligence. Detailed findings, are presented in a comprehensive report
format.
Allied Services
► Anti-Money
Laundering Due
Diligence
► Screening
Services
► Senior
Management
Due Diligence
► Regulatory
Checks &
Litigation Review
► Anti-Bribery
Compliance Due
Diligence
► Extensive Due
Diligence
Third Party Due Diligence | Services & Solutions
Contacts
Sarabjeet Singh
Partner
+91 991 034 [email protected]
Abhishek Bali
Vice President
+91 783 838 [email protected]
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