Kenneth Rijock

Kenneth Rijock

Wednesday, December 14, 2011

BEYOND ENHANCED DUE DILIGENCE

There are instances where even Enhanced Due Diligence is insufficient. especially where Source of Funds, or absolute identification of Beneficial Ownership is a mandatory component of your investigation. Some instances where this is the case:

(1)  Immigrant Investor Programmes. where government agencies require strict verification of Source of Funds information.

(2) Taking on a new business partner, mergers & acquisitions, and other complex transactions.

(3) Investing in the developing world, where a Western investor is taking a minority share in a local company. You do not want to be associated with someone who i a liability

There simply is no commercially available source of what I can only designate as Enhanced Due Diligence Plus, and it is sorely needed. Where would one go for such business intelligence ? Probably the larger private investigative firms, but they do not always have asset in the specific area you need.

There is a real gap here; I wonder when someone will devise a solution ?

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