Tag / Articles
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Human Source Intelligence Reveals ‘Questionable’ Industry Reputation of Medical Practice Among the abundance of opportunity for potentially lucrative investments in the healthcare industry lie hidden risks that could cause monetary loss and reputational damage. As part of a recent due diligence investigation, Vcheck Global’s highly skilled investigators identified significant risks associated with a possible medical practice investment and put them into context for the client. […] -
RiskWatch: SPAC Due Diligence In this episode of Vcheck Global’s podcast, RiskWatch, Vcheck Global Directors Rahul Ravi and Alex Sorin speak with Mike Blankenship, a Partner in the Houston office of law firm Winston & Strawn, and an expert in corporate finance and securities law. The discussion covers why special purpose acquisition companies (SPACs) continue to gain investor attention […] -
New Rules Require Anti-Money Laundering Programs for Certain Financial Firms by March 2021 The federal government recently expanded the Bank Secrecy Act to require firms that lack a federal functional regulator (FFR)—including private banks, trust companies, and non-federally insured credit unions, known as non-FFR institutions—to adhere to the same anti-money laundering (AML) regulations that apply to FDIC regulated institutions, including the creation and maintenance of AML and customer […] -
Considerations for Financial Services Partnership and M&A Due Diligence Though it may appear that partnerships and M&A across the banking sector have been slowed by the pandemic, a reported uptick in deals closed in August may indicate increased M&A deals in financial services in the remainder of 2020 and across various industries. Moreover, while corporate banks have not been known for risk-taking, the growing […] -
Bank Customer Due Diligence: New Guidance for Monitoring Politically Exposed Persons Just one month before the International Consortium of Investigative Journalists began reporting on what has been dubbed the “FinCEN Files”—an investigation of thousands of suspicious activity reports and government documents highlighting global financial corruption—Financial Crimes Enforcement Network (FinCEN) dropped an important guidance document on August 3 that highlights the serious, ongoing national security and criminal […] -
Supply Chain Due Diligence: Mitigating Sanctions Risk with New OFAC Compliance Framework A wave of enforcement actions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) over the past two years has likely pushed the release of a new sanctions compliance framework—the first ever by the office—and highlights the critical importance of supply chain due diligence to mitigate sanctions risk. Quite often, OFAC violations occur […]