The compliance director of a UAE-based boutique investment house needed a solution to enable him to conduct retrospective and ongoing regulatory due diligence on the company’s existing and prospective investment portfolio.
Crucially, the compliance director needed a reliable, efficient and timely way to establish ownership and control of the third party companies that they were or would be exposed to.
A subscription to Diligencia’s proprietary online platform, ClarifiedBy.com, enables the client to conduct proportionate regulatory due diligence, both on its existing portfolio of companies in which it has an investment, and on potential future investments. ClarifiedBy.com allows the client to research companies, establishing both proximate and ultimate beneficial ownership, and directorship. Our ability to deliver insight across over one hundred jurisdictions in the Middle East and Africa, often where information is opaque or hard to gather, was a key reason why the client, which mainly invests in the region, chose ClarifiedBy.com.
As a result of their subscription to ClarifiedBy.com, the investment firm has been better able to manage its compliance and regulatory exposure to third parties in an efficient and timely manner.