Third-Party Due Diligence Services

The introduction to your business of inadequately screened and monitored third parties directly correlates with the introduction of risk. We help individuals and organizations identify and mitigate risks associated with engaging with third parties such as agents, consultants, customs brokers, distributors, vendors, suppliers, and business partners by conducting comprehensive due diligence. Parent companies could also have responsibility for the actions of its subsidiaries and joint ventures.

Risks Associated with Third Parties Conducting Business on Your Behalf

Under some circumstances, an organization may be liable for corrupt payments made by a third party conducting business on its behalf, even if payments were not authorized. Prosecutions for willful blindness are relatively common. Failing to investigate and mitigate third party risks or ignoring “red flags” can satisfy the “knowledge” requirement for such prosecutions.

Our Third-Party Due Diligence Services Include:

Third-Party Risk Assessment: Our team conducts a risk assessment of your third-party relationships to identify and to mitigate potential risks.

Compliance Screening of Your Third Parties: We screen third parties against global sanctions lists, politically exposed persons (PEP) lists, and other regulatory databases to report red flags of potential non-compliance with relevant laws and regulations.

Site Inspections: We conduct on-site inspections of third parties to assess their adherence to corporate policies or compliance with contractual obligations.

Ongoing Monitoring: We provide ongoing monitoring of third-party relationships to ensure they continue to meet an organization’s standards for ethical business practices and compliance with applicable laws and regulations.

Our due diligence professionals have extensive domestic and international experience working with companies of all sizes in a broad range of industries. We stay up-to-date on the latest trends and best practices in third-party due diligence services.

Forensics and Litigation Thought Leadership

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Sasha Gartman

Sasha Gartman

Senior Manager, Forensics and Litigation Services

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Sasha Gartman, CFE, CAMS, has more than 15 years of experience in public accounting, compliance and financial services. Before…

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