If you or your clients are contemplating a new partnership, joint venture, merger or corporate partnership, perhaps you should consider the benefits of a due diligence investigation to avoid fraud risk inheritance. Due diligence has proven to be vital in identifying fraud risks and discovering ‘off-balance sheet’ issues.
Legal entities, independent from ownership, remain responsible towards the fiscal authorities. Non-regularisation of fiscal fraud can lead to fines of up to 200% for VAT-related issues and 309% for payments viewed as secret commissions. Imagine you are confronted with these fines for prior actions that were taken in a firm you recently acquired. Recovery of losses from former shareholders or owners is often impossible in practice due to the organisation of personal bankruptcies.
We use a wide variety of investigative techniques such as: