The sheer size and significance of Foreign Corrupt Practices Act (FCPA) fines and enforcement actions over the past few years, with 2019 marking a peak year of FCPA enforcement, are good indicators that SEC and DOJ enforcement will continue their upward trend for the foreseeable future. Moreover, the role that third-party risk occupies in these...
The loss of Kobe Bryant shocked the world. As a longtime basketball fan, fellow father of four daughters, and admirer of his work ethic and business acumen, I was deeply shaken when I heard the news of the horrific tragedy. Just 18 days before the helicopter crash that killed nine people including Kobe and his...
Our mission at Vcheck Global is a significant one: to protect our clients by providing more information about the companies and people that they do business with. In the spirit of that mission, we have started an Employee Spotlight series to feature more information about the ambitious, charming, and diligent team working to make Vcheck...
In a recent interview with Vcheck Global’s Co-Chairman Seth Farbman, our own Rahul Ravi shed light on the critical due diligence required for principles and boards prior to initial public offerings (IPO) and other large capital market transactions. Ravi has been in corporate investigations for about nine years, starting his career at Kroll then worked...
In the third episode of Vcheck Global’s podcast RiskWatch, we speak with Jessica Noll, who published a research study in February 2019 examining the history of anti-corruption efforts and institutions in Egypt titled, “Fighting Corruption or Protecting the Regime?”. In our talk, Noll explains how corruption takes hold of societies and the true motivations of...
In this episode of Vcheck Global’s podcast RiskWatch, human intelligence expert Alex Sorin speaks with Shawn Hauser, partner and chair of the Hemp and Cannabinoids Practice Group at national marijuana law firm Vicente Sederberg in Denver, Colorado. Hauser helps marijuana (cannabis) and hemp businesses navigate intellectual property, investment, regulatory compliance, and state and federal law....
Sports have always been my greatest passion and the source of my determination to win. At my house growing up, if I dropped the ball then I didn’t get dinner. All jokes aside, my upbringing led me to place the utmost importance on winning. Kobe Bryant’s “Mamba mentality” resonates with me deeply, and we at...
Retired U.S. Ambassador at Large Luis C.deBaca joined RiskWatch for a discussion about modern slavery in corporate supply chains and what is being done to both combat and prevent it. Ambassador C.deBaca served five years in the Obama Administration to monitor and combat human trafficking before serving as the director of the U.S. Office for...
A company that really cares about their reputation and people would never sacrifice any sort of quality. Almost three years ago, a representative from a well-known rideshare company told me that their interest in conducting background checks was to “check a box.” According to this representative, because of the volume of background checks their business...
Our mission at Vcheck Global is a significant one: to protect our clients by providing more information about the companies and people that they do business with. In the spirit of that mission, we have started an Employee Spotlight series, to feature more information about the ambitious, charming, and diligent team working to make Vcheck...
Navigating how legal information is gathered, parsed, and disseminated is a challenge as regulatory complexities vary from one jurisdiction to the next, domestic and foreign. Regulatory environments across Latin America are no different, making the job of international due diligence investigators a challenge in complex judiciary systems such as those in Brazil, Peru, and Mexico....
LOS ANGELES, October 22, 2019 – Vcheck Global, a leading provider of business-to-business due diligence background checks, is delighted to announce the hiring of Adam Fromowitz.   Fromowitz brings nearly a decade of experience in financial, technology, and professional services to his new role as a Managing Director for Vcheck Global. Prior to joining Vcheck Global,...
Our mission at Vcheck Global is a significant one: to protect our clients by providing more information about the companies and people that they do business with. In the spirit of that mission, we have started an Employee Spotlight series, to feature more information about the ambitious, charming, and diligent team working to make Vcheck...
People often change their names or use aliases to disguise their past. At Vcheck Global, it is our standard procedure to unmask changed names or aliases once we start an investigation.
Vcheck Global, a leading provider of business-to-business due diligence background checks, is pleased to announce the hiring of Alex Sorin.    Sorin joins Vcheck Global after having served at a risk and compliance due diligence firm as the Global Head of Human Source Intelligence, where he led the company’s source inquiries product. Sorin is an expert...
Our mission at Vcheck Global is a significant one: to protect our clients by providing more information about the companies and people that they do business with. In the spirit of that mission, we have started an Employee Spotlight series, to feature more information about the ambitious, charming, and diligent team working to make Vcheck...
Even in purportedly transparent democracies such as Canada, real estate has become a tool for evading government scrutiny—a concern Vcheck Global is constantly vigilant of when investigating real estate transactions.
Today we’re featuring one of our Senior Associates and recent Vcheck Global Employee of the Month, Sara Bednarcik. Vcheck Global’s first remote investigator, Sara works from her home in the mountains of Montana.
Arabic language research is a key part of Vcheck Global’s foreign language investigations, particularly because many tweets are typically written in Arabizi as opposed to Arabic.
A recent case conducted by Vcheck Global shows the importance of conducting background checks on companies registered in the Cayman Islands.
Searches of online and local media sources are crucial to developing a comprehensive profile on a subject, especially when operating in highly corrupt countries.
By Sun Shen Like many other major economies, China has been operating in a global context and has seen a dramatic increase in inflow and outflow of funds in recent years. However, as it becomes more and more integrated into the global economy, the country is exposed to multinational money-laundering schemes. Despite recent measures by...
Intelligence gathered from Investigative Due Diligence (“IDD”) can make or break a transaction. Before a typical partnership or M&A, clients will focus on several unique aspects in the due diligence process, but the three main categories are: Legal, Financial, and Investigative. Legal and Financial due diligence largely rely on documents and history provided by the...
Last Monday, Spanish Judge Carmen Rodríguez-Medel found evidence that the new leader of Spain’s opposition party, the conservative Partido Popular (People’s Party, “PP”), Pablo Casado, received a master’s degree in regional public law from Universidad Rey Juan Carlos in 2009 under questionable circumstances. Earlier last week, a student at the university who had a file...
As businesses scan the social media profiles of both prospective and current employees, companies are increasingly turning to partnerships with screening providers to avoid undesirable associations and mitigate headline risk. Leveraging a third party with expertise in comprehensively scanning profiles can not only help businesses identify red flags, but it can also reveal employees divulging...
The United States Securities and Exchange Commission recently raised concerns about cryptocurrencies. Notably, in recent months, the SEC’s division of internal management sponsors to refrain from initiating registrations for funds investing in cryptocurrencies and related products, due to concerns about how such funds could comply with laws and regulations. Fiduciary Duties In particular, the internal...
According to a Peruvian investigative journalism news source, more than USD 2.2 billion linked to suspected criminal activities has entered Peru’s financial system since 1998 through clients with alleged ties to corruption, drug trafficking, illegal gold mining, and tax evasion. Two of the country’s largest banks reportedly did no respond to questions regarding their client...
Data, technology and automation have transformed the modern compliance program during a time in which financial institutions are confronted with greater complexity than before. Emerging risk categories, including narrative sanctions, beneficial ownership, and crypto currencies, and fintechs present financial institutions with increasingly difficult challenges to confront. Narrative Sanctions Historically, government sanction bodies provided the industry...
VCheck Global, a leading provider of business to business due diligence background checks, has launched its new application to utilize advanced AI to scan social media data. The Company is offering this solution for corporate clients and financial institutions to gather and review an individual’s entire online identity which will generate an easy to read...
On Wednesday, numerous mainstream media sources reported French businessman Vincent Bolloré, Chairman and CEO of the investment group Bolloré, was charged by French investigators as part of a probe into the possible use of bribery in two African nations in order to obtain port contracts from public officials. Specifically, the investigation concentrates on suspicion of...
Washington D.C., April 16, 2018 — The Securities and Exchange Commission today unveiled a public service announcement (PSA) to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing.  Investor.gov, the SEC’s website dedicated to individual investors, provides investors with tools and resources to help them invest wisely and avoid fraud. “Investor education is an important...
On Thursday, Reuters reported the European Union extended sanctions for one year on Iran over human rights violations, after debating whether to impose a new set of penalties in an attempt to preserve the Joint Comprehensive Plan of Action agreement signed between the P5+1 countries (China, France, Germany, Russia, the United Kingdom, and the United...
  According to The Washington Post, investigators have uncovered evidence of a multi-billion dollar corruption scheme which helped Iran evade sanctions for more than a decade. Iran is currently subject to United States Office of Foreign Assets Control (OFAC) sanctions for conducting destabilizing activites in the Middle East, including (but not limited to) the funding...
In order to better serve growing client demand in the region, Vcheck is proud to announce the launch of its Latin America platform, which includes an expanding suite of services in the investigative due diligence space. Professional Expertise Vcheck’s offerings in the Latin America region are enhanced by the talent of our expanding team, which...
The “Three Lines of Defense” is a widely used phrase for describing how organizations should manage their anti-money laundering (“AML”) risk. As the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) regulations has applicability outside U.S. borders, all individuals and entities are required to comply when conducting transactions in U.S. dollars....
On February 21st, Transparency International released its Corruption Perceptions Index, which listed numerous Latin American and Caribbean countries among  the world’s most corrupt. According to Transparency International’s survey, 62% said corruption had risen in the previous year,  more than half said their government is failing to address corruption, and nearly a third said they had...
In May 2016, The United States Department of the Treasury’s Financial Crimes Enforcement Network issued its final rule on Customer Due Diligence Requirements for Financial Institutions. This rule requires institutions to establish and maintain written procedures to identify and verify the identity of the beneficial owners of all legal entity customers. These institutions include depository...
There are many signs your company is dealing with a potentially dishonest employee. Internal audit departments and supervisors can track the performance of company employees, but competence and honesty do not always go hand in hand. Internal controls and strict documentation can help prevent fraud and theft, but dishonest employees often find vulnerabilities they can...
How can Money Laundering Affect your Business? In 2018, anti-money laundering (“AML”) regulations and enforcement measures are reaching new heights across the globe. While some countries, such as Colombia, are rife with illicit profits from criminal enterprises, they have also made strides in recent years strengthening their AML and terrorist financing programs. Other nations, however,...
Recent changes in state cannabis legislation has resulted in yet another California gold rush. Creative investors have started pouring money into ‘legal’ grow operations. Federal lawmakers are rattling their sabers. Eager customers are crashing the ticket booth. News pundits sit in the grandstands with their beer and hot dogs cheering the opposing sides. Money, marijuana,...
Vcheck Global, a leading provider of business to business due diligence background checks, is pleased to announce the appointment of Adam Rudman as CEO.  Mr. Rudman will be responsible for the Company’s continued growth strategy and operations. Mr. Rudman, in his previous role as Managing Director of Vcheck Global, helped drive the company’s growth in...
  Jacki Karsh sits down with Adam Rudman, Vcheck Global’s Managing Partner, to talk about commercial real estate and the need to perform background checks. Vcheck Global is a business-to-business provider of due diligence, background checks, employment screening, document retrieval, and specialized research of both business entities and individuals. Vcheck Global protects you by providing...
  Jacki Karsh sits down with Lyndee Fletcher, Vcheck Global’s VP of Corporate Development, to talk about common misconceptions when performing background checks. Vcheck Global is a business-to-business provider of due diligence, background checks, employment screening, document retrieval, and specialized research of both business entities and individuals. Vcheck Global protects you by providing more information about...