Third party due diligence - do you undertake pre-checks or the continuous monitoring of a database?
We do both, that is
pre-checks as well as ongoing monitoring. This allows you to deal with potential
vendors as well as those who you have already engaged.
Our TPDD product is
designed to undertake pre-checks before you on board a vendor. We assess the
company and its principal officers (up to 5 individuals) for a range of risk issues
retrospectively covering a period of up to 18 months prior to engaging them,
then post on-boarding we continually monitor a range of key risks issues (or
the ones you identify from our list) for a period of 12 months from the date of
the initial assessment. This allows you
to understand the vendor’s risk profile over a period of time rather than a
snap shot at the time of on-boarding. The continual risk assessment after you
on board a vendor allows you to detect and prevent risk as they present as red
We do not monitor a
database, but a range of more than 7,000 variables related to the company and
its principal officers.
Do you undertake automated assessments of non South African individuals and companies?
Currently we have only enabled automated lifestyle, third party due diligence and integrity screening for subjects that have a South African domicile, which includes South African citizens, companies, trusts and persons with a permanent residence ...
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