Successful business in general and successful banking in particular is based to a large extent on trust - but there are, of course, often cases where having trust pre-requisites prior examination, analysis and control - or as Lenin said: trust is fine, but (sometimes) control is better. And this is exactly where Risk Advisory comes in; their services in this respect were always efficient, cost-effective, quick and fully reliable.

Dr. Friedrich Sommer, Head of Legal & Compliance, Raiffeisen Zentralbank Österreich AG

 

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Due diligence identifies agent with history of bribery



A large, US-listed, Spanish energy company was seeking to obtain a licence from the Government of Brazil to operate in the country's energy sector. As part of the tendering process, the company sought to appoint a local agent within Brazil.
Wary of its obligations under the FCPA, the company engaged The Risk Advisory Group to carry out a due diligence investigation on the agent in question.

This identified a number of key concerns, including that the would-be agent was suspected of having authorised a number of bribes and kick-backs in order to successfully obtain other such licences in the past. Furthermore, we found that the potential agent was a relative of a key official within the authority responsible for the award of licences within the sector.
The Risk Advisory Group (Holdings) plc Registered Office: 10-12 Russell Square London WC1B 5EH Place of Registration: England and Wales Company Number: 5188468