Pairing global investigative research with the power of analytics to manage risk
Deloitte Diligence is a Web-based tool for clients that engage Deloitte to conduct due diligence investigations accommodating varying size and scope. It is an intuitive, easy-to-navigate tool for submitting investigation requests, tracking investigation results and documenting a trail for compliance and due diligence activities and outcomes.
A timely tool
Both U.S. and foreign regulatory authorities are keeping closer watch on the varied and numerous relationships that global businesses may have with suppliers, vendors, clients, joint venture partners, holding companies and other business partners and are holding businesses responsible for the actions of their third parties. Recent government enforcement actions and other anti-corruption laws, including the Foreign Corrupt Practices Act (FCPA) and UK Bribery Act, have made it imperative for companies to conduct risk-related due diligence on third-party relationships.
As businesses become more global, many companies are also stepping up their due diligence efforts prior to transactions such as an acquisition or joint venture in order to better understand the background, reputation and business track record of the various counterparties. Knowing whether an individual or business is operating in compliance with applicable laws and regulations is a critical component in the success of the transaction.
Deloitte Diligence assists clients in identifying and addressing potential risks to help avoid costly mistakes, regulatory risk and reputational damage.
Deloitte Diligence: Bottom-line benefits
Two primary types of services include:
Due diligence background investigations
Clients can request cost-effective, minimal scope investigations comprised of a review of adverse media and global watch lists or more complex searches such as in-depth due diligence investigations involving a complete scope of public record research as well as inquiries with sources. Each request is tailored to the client's specific needs. Investigative reports will be uploaded into the site upon completion where they can be tracked and maintained and easily accessed by clients at any time.
Clients can also submit large schedules of third-party names and related information that can be scrubbed and “normalized” by Deloitte's Analytics team. Deloitte analysts can then conduct batch searches of the third-party individual and entity names within existing media databases and global watch lists for potential issues. They can also conduct ongoing monitoring of these names.
A deeper view with analytics
Built upon Deloitte's proprietary Analytics Platform, Deloitte Diligence can be extended to leverage a suite of advanced data analytic technologies and approaches designed for anti-fraud and anti-corruption efforts. By employing a risk engine, geospatial and text analytics, along with predictive and visual capabilities, clients may utilize their data to generate additional insight into the parties with whom they conduct business. Designed as a powerful, yet intuitive vehicle for advisors, investigators and appropriate company personnel to target potential high-risk entities, Deloitte Diligence can include these insights.
Diligence programs and activities may be enhanced through additional data analyses. Deloitte Diligence can aggregate relevant data such as research request volume, subject locations, the categorization and geographical location of adverse findings and more, for the purposes of identifying trends as well as potential global client locations requiring additional diligence efforts. This type of capability can aid companies in developing internal risk management strategies, compliance procedures and other controls essential to addressing potential risk issues in relevant jurisdictions.
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As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.