Due diligence investigations
Looking for expert assistance to help you avoid fraud risk inheritance?
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:
Background investigations of companies
Conflict of interest reviews
Test presence of misrepresentations and non-disclosures of material facts or issues
Test presence of hidden debts
Test presence of fictive suppliers or use of false invoices
Test presence of foreign customers that are not compliant with VAT regulations or use false sales contracts
Fiscal fraud red flag testing
Money laundering red flag testing Bribery red flag testing
Test presence of data security risks
Test presence of other forms of non-compliance with laws and regulations
Forensic interviews
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