Enhanced due diligence on a publicly listed company and one of its directors in East Africa
Read moreThe challenge:
The Financial Crime team of a global Magic Circle law firm contacted Diligencia to assist with enriching the information they had requested from their subjects based in the Middle East. They needed to run independent third-party authentication on previously provided information.
The Financial Crime team, overseen by the Money Laundering Reporting Officer (MLRO), has oversight of the Conflicts Team and the Global Business Acceptance teams. The department has responsibility for comprehensive client due diligence, Know Your Customer (KYC) procedures and conflict checking, and operates a global, follow-the-sun operation.
The solution:
Diligencia’s proprietary online platform, ClarifiedBy.com, proved instrumental in providing the Financial Crime team with the standardised data and reports they required. Our data is presented in both English and the language of the original source documents, notably Arabic. Sourced exclusively from primary, authoritative sources, that are often challenging to access, our data has proved extremely valuable for the Financial Crime team's operations.
The result:
As a result of their subscription to ClarifiedBy.com, our client now benefits from ongoing access to a reliable data solution that has quickly become the benchmark for their Middle East research.
