Why Thomson Reuters Enhanced Due Diligence?
Proof of customer due diligence and compliance
Enhanced Due Diligence Reports can be used for compliance with anti-bribery and anti-corruption legislation, such as Foreign Corrupt Practices Act (FCPA), UK Bribery Act (UKBA), Anti-Money Laundering (AML), USA PATRIOT Act, and Countering the Financing of Terrorism (CFT).
Structured, comprehensive background checks
Our reports provide a full risk assessment picture, with enhanced due diligence for high-risk customers completed on an organization, including multinational companies, its owners, and its operating and litigation history, as well as key management, decision makers and beneficial owners, providing insight on their background, track records, competencies, potential conflicts of interest, labor practices, and political, bribery, corruption and criminal links. Business conduct and reputation history are analyzed, and a thorough screening is made for hidden risk. Our reports also look into supply chains, distributors, and intermediaries that an organization may work with to assess all potential third party risk.
Specialist customer due diligence reporting
In addition to the comprehensive range of risk assessment reports, we offer specialized Enhanced Due Diligence Reports that support specific compliance requirements including: Director’s Declaration Verification Report; Foreign Corrupt Practices Act Report; UK Bribery Act Report; Economic Citizenship Report; Iran Economic Interest Report; Source of Wealth Report; and Ultimate Beneficial Ownership Report.
Typically available within 15 working days and in some cases in as little as 24 hours, our reports enhance and simplify the due diligence process, including pre-transaction due diligence, while keeping costs low.
Global coverage, local knowledge
We have a global research infrastructure with analysts working in over 60 languages. Most information contained in our reports is sourced from primary data sources in the relevant country and in the prevailing local language. Our native speaking analysts can pick up on the subtleties in the text in a way that multilingual speakers do not. Reports consist of both online and on-the-ground due diligence research, with photographic documentation of on-site visits if required.
Legal and discreet
Our research methods are ethical and discreet. We only access risk information that is in the public domain, although it can often be hard to find, and research will often span multiple high risk jurisdictions and languages. All sources are referenced in the report.
Enhanced due diligence research is conducted by trained and experienced in-house research analysts supported by sophisticated workflow automation and advanced research tools. This helps to maintain consistently high standards and removes the risk of information leakage.