CIS
Risk Assessment and Security - Latin America/Indonesia/Russia
Diligence was approached regarding the provision of Intelligence and support to a leading US Law Firm which had been engaged to conduct a global investigation. The Law Firm wished to mitigate the perceived risk to employees of deployments to a variety of ‘challenging’ environments such as Central America, West Africa, North Africa, Indonesia, Russia and Central Asia. Diligence provided a bespoke service that considered the particular threat in a given period and issued reports to the Law Firms’ traveling employees advising on conduct, places to avoid and situational awareness. In consultation with the firm, Diligence provided Companion Travelers where the potential threat justified a more robust risk-management approach. These Companion Travelers were discreet and experienced intelligence professionals with current and relevant knowledge of the environment in question. The service was deemed an outstanding success by the client. Its employees were able to undertake their work confident in the knowledge that they were well cared for and were appreciative of the standard of employee care and consideration demonstrated by their employer.
Due Diligence and Regulatory Compliance (2) - Russia
A Leading Global Investment Bank engaged Diligence to investigate the reputation and standing of a major Russian Petro-Chemical firm that wished to raise capital in both New York and London through the issue of Global Depository Receipts (GDRs). The Bank wished to better understand the source of wealth of the principles of the company, any undeclared beneficial ownership, political connections and links, public standing and reputation and general business behaviors and practices. The Bank wished to ensure that it represented clients who upheld similarly high standards or governance and behaviour as its own. After a detailed investigation Diligence found evidence of previous undisclosed beneficial ownership and relationships with unsavoury characters, although Diligence found that such associations had been eradicated and the undisclosed beneficiary bought out some years previously. After further detailed analysis and a longer examination of the context and circumstances of the situation, the Bank elected to go ahead with the transaction as it was satisfied that the client’s behaviour and approach was of the required high standard.