Risk Management - Articles
Prevent business risks by knowing in advance the financial crimes involvement of business partners
June 9th 2023
The worldwide economic scenario is more and more complex: the relationship between nations and geographic areas, conflicts involving countries, globalization attitude versus local one, regulatory requirements, and many other aspects. The immediate impact is on company connections acting in different countries in various business aspects, such as customers or suppliers.
It means that a good knowledge of the company it’s mandatory to have a reliable, safe, and profitable relationship.
Starting from an evaluation based on risk assessment, financial strength, and company structure and excluding negative events, it’s mandatory to seriously evaluate to extend check to the potential involvement of business partners in different crimes, such as financial crimes like money laundering, corruption and bribery, or terrorism and so on.
Thanks to SkyMinder, the business information CRIF Platform, it’s possible to obtain all crucial information on a worldwide level to evaluate a customer and know if a business partner is involved in Financial Crimes or other Crimes and decide appropriate actions.
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