So What is the Actual Due Diligence Meaning?
- To protect our customers from unwittingly breaking the law by committing an offence against the Anti Bribery act or the Foreign Corrupt Practices Act, potentially leading to enormous fines.
- To secure our clients from engaging in transactions with sanctioned, criminal or fraudulent companies and losing money or being fined accordingly.
- To ensure that our customers know exactly who they are trading with when dealing with companies and people overseas and who those companies and people are linked to.
- To prevent investors unwittingly transferring funds to known terrorist organisations, sanctioned entities, illegal arms dealers, drug traffickers or shell companies.
- To give our customers the peace of mind to know they are operating in a compliant way, not breaking any local or international laws and are looking after their bottom line as well as their company’s reputation.
- To exercise sensible enterprise risk management, good corporate governance and international compliance.