Initial due diligence is necessary in evaluating what risks are involved in doing business with an entity or individual prior to establishing a relationship, assessing risk at that point. Failure to conduct proper due diligence with foreign companies can lead to penalties under the Foreign Corrupt Practices Act, if compliance is not met. The Excalibur Group utilizes its resources and sources, putting the targeted business or person, “under the microscope,” prior to signing a contract. With the number and size of penalties increasing, many US institutions are looking more closely at how they evaluate all of their relationships overseas. Due diligence is not only a prudent thing to do; it can also be a legal obligation.
Due Diligence adm1n 2018-05-11T20:39:23+00:00