Integrity due diligence ('IDD') research is used to identify warning sign or red-flag or, to provide an additional level of comfort about a person or entity's participation in a deal or transaction (e.g. an increase or decrease in reputation or financial risk). IDD can also aid establish or validate authenticity of asset provenance, ownership or control.
Research is undertaken of UK and/or international sources, including: public record, government or state owned registries, commercial and subscription based data repositories, and restricted or confidential sources (i.e. where permitted under law and regulation).
Firms typically use IDD services, to:
The benefits of IDD research, include:
Findings of FCRM's desk-top or field-based IDD research supports client assessment of: (i) counterparty risk; (ii) integrity risk associated with candidates for employment or promotion; and (iii) for assets, the adequacy of transparency of their provenance or control.
In addition to validating information which may have been provided by a counterparty or employee, IDD research includes looking for indicators of improper or unethical behaviour or business practice which, without appropriate mitigation might otherwise impact a client's reputation, standing or business operations.