Caveat Emptor

Question See response
Is it possible to identify information on any natural person or legal entity? Show
Must due diligence be undertaken in all cases? Show
Will due diligence guarantee the integrity of a relationship or business transaction? Show
What are third party relationship risks and why are they a source of red-flag? Show
Is it possible to obtain a copy of someone else's criminal record in the U.K.? Show
How long does it take to research an individual or a company? Show
What common errors or red-flags are found when validating someone's CV or personal credentials? Show
How is my personal data used if I authorise research as part of pre-employment screening? Show
Where is information sourced as part of investigatory or due diligence research? Show
Is a register available with Source of Wealth information for Politically Exposed Persons (PEPs)? Show

Due Diligence (General)

Why undertake due diligence?
Due diligence is an activity undertaken to evaluate risk in a business opportunity or change.  In broad terms, it can comprise of assessing identifiable risk in financial and non-financial elements.  The overall objective is to evidence an appropriate duty of care.

Extent of due diligence
To be of real practical use, when defining research scope, due consideration should be taken of 'relevant' influences of previous, current and future/proposed business activity.  The work required to be done should translate into achievable objectives and target outcomes.