Enhanced due diligence on a Belgian foundation: Identifying risks and mitigating potential fraud
Read moreEnhanced due diligence on a private company in Türkiye
The challenge:
Diligencia was commissioned to perform enhanced due diligence on a private limited company based in Türkiye. Our client required a detailed assessment of the company’s reputation both within Türkiye and internationally, including any involvement in legal disputes, connections with public officials and an examination of its ownership structure.
The solution:
Diligencia’s team of multi-lingual business analysts conducted comprehensive research, utilising a combination of resources such as the Ministry of Commerce and Industry's corporate records, media and online searches, and our trusted network of established local sources who provided valuable, first-hand insights about the company. This multi-faceted approach allowed us to uncover in-depth information regarding the company’s activities, legal standing and reputation.
The result:
Our research confirmed that the company’s legal status was accurate and that it remained in operation. We provided the client with critical details such as the company’s registration number, financial position, recent business activities and its standing in the Middle East market. Additionally, we were able to uncover key information regarding the ownership structure and the company’s ties to senior public officials.
During our global compliance checks, we identified an ongoing legal dispute, along with several historical legal cases involving the management team. Given the complexity of the case, with several individuals having commonly used first names and surnames, it was essential that we accurately identified the right subjects. We carefully cross-referenced all available data to ensure precision in our findings.
All of the gathered information was documented in a comprehensive and well-organised Enhanced Due Diligence Level 2 report, which the client found extremely valuable.