From distributors and sales agents to consultants and prospective joint venture partners, local third parties are often necessary to conduct business around the globe. Understanding these partners is vital to mitigating corporate risk abroad and at home.

Indeed, many government enforcement and regulatory agencies have established that companies and individuals can be criminally and civilly be liable for the actions of third parties, and they have made it clear that a risk-based third party due diligence and ongoing monitoring program is an essential component of a healthy compliance program. However, even with extensive guidance available from these same global enforcement agencies, many companies continue to struggle with the challenge of implementing a meaningful, efficient and cost-effective system to manage third party risk in today’s complex compliance environment.

Compliance professionals continue to ask themselves: What level of due diligence is adequate? How can I possibly monitor hundreds of partners? Where should I allocate my limited compliance resources? How can I automate my third party due?

Our Solution:

• Removes the uncertainty and eliminates the arbitrary approach to due diligence employed by many companies
• Enables companies to centrally manage third parties through an interactive and customizable web-based platform
• Includes a proprietary risk profiling methodology customized for each business model to ensure an appropriate level of due diligence is performed on the highest risk third parties while limiting the cost and administrative burden for lower risk partners
• Tracks the results of risk-based due diligence efforts while maintaining related documentation for ease of review and monitoring

Allows for baseline due diligence to be conducted inside the application, and continually monitors third parties with daily checks against a comprehensive database of global enforcement activity, watch lists, PEPs, and media coverage.

Forensic Options offers a cost-effective, high-quality, and programmatic approach towards assessing potential risks from new and existing customers, third parties, investments, partners and employees.

We help clients onboard and manage the risks associated with new customers and third parties and ensure that we offer the right level of screening and background checks based on the risks inherent in the opportunity – from screening against sanctions and government watch lists to assess the reputation through review of public records and local human intelligence and source inquiries.

Cheap internet-based background tools provide consumers with an overwhelming amount of information that often includes hundreds of non-relevant and unrelated pieces of information. These tools often access information on individuals who are not part of your background check. These unreliable tools can lead you to make decisions based on incorrect information.

Our background checks begin with verifying the subject(s) to be investigated. Our reports are easy to understand and highlight only the relevant information. All of our reports are compiled by an experienced and licensed private investigator, not a computer. We communicate with you before, during, and after the background check to make you aware of any “red flag” issues.

Our services include;

• Public Record Review
• Reputational Review
• Investigative Due Diligence
• Pre-employment screening & vetting
• Background screening & vetting

Our experts provide due diligence into supply chain risks focused on unethical business practices. Emerging markets provide most exciting and lucrative areas for business and investment opportunities for U.S. and European investors. However most of the emerging markets with limited resources to maintain adequate governance and compliance standards, are hubs for many aspects of unethical business activity.

As part of a robust due diligence process, investors with interests in the region need to be aware of the risks associated with complicity in unethical business activities within their supply chains including human trafficking and forced labor.

Recent headlines highlight the need for investors active in emerging markets to undertake thorough due diligence of supply chains. Inaction could not only result in legal and financial repercussions for investors, but also negatively affect a brand’s value and reputation. Without a comprehensive understanding of the risks within a supply chain, even companies with robust compliance programs may find themselves unaware of critical compliance and ethical risks.

Our ability to undertake investigations, overt and discreet, into supply chains can reveal hidden compliance and reputational issues and help companies develop a comprehensive understanding of risks throughout supply chains to avoid information gaps.