Enhanced due diligence on a publicly listed company and one of its directors in East Africa
Read moreThe challenge:
The internal investigations team of a GCC regulator faced challenges in effectively tracing the ultimate ownership of companies. Accurate identification of ownership was crucial for identifying potential unlawful activity and investigating probity. The team needed a reliable and efficient tool to aid in their investigative work.
The solution:
To address this need, the team subscribed to ClarifiedBy, granting all members of the internal investigations unit access to the platform. With ClarifiedBy, they gained access to comprehensive data on company ownership structures, directors and stakeholders, enhancing their ability to investigate corporate entities more effectively. One of the most valuable features was UBO Explorer, an interactive diagram on ClarifiedBy that helps users visualise ownership structures and identify ultimate beneficial owners (UBOs).
The result:
With the advanced capabilities of ClarifiedBy, the regulator is now better equipped to conduct in-depth investigations and identify potential misconduct. The tool's accurate and extensive information has streamlined their investigative processes, enabling faster and more reliable decision-making, while strengthening the regulator's ability to enforce corporate governance and compliance.
