'Light Touch Due Diligence' at Garancie is anything but. Designed for large scale on-boarding or remediation initiatives, our clients are able to take advantage of our world-class research methodology, which uses only Primary Source data to validate the details of companies and individuals around the world. Unlike our competitors, Garancie does not rely on secondary data, purchased from credit agencies and company data aggregators. We always source and corroborate information received from our clients in original government registries. So whether it is confirmation of company registration in Hong Kong, or the ownership of a partnership in Bavaria, you always get the official registry trail. No compromises, and no shortcuts.
Whilst this takes a little more effort than going to a single database, Garancie’s approach eliminate data quality risk, which can miss a change in the management or ownership of a company, due to the time lag and data quality issues which are present in secondary data aggregators. Our approach also means, that should things go wrong, you can be sure that your document trail is audit and regulator proof.
In 'Light Touch Due Diligence', we apply a “lean” search methodology, which focuses only on specific risk points, allowing you to meet your compliance needs quickly and cost effectively, without cutting corners.
Whilst the set of checks we can perform will differ depending on the type of disclosures that are required by law in any given territory, you can broadly expect to see:
- Company Registration details;
- Directors and Shareholders of a legal vehicle;
- Litigation checks (defendant only in "Light Touch Due Diligence");
- Regulatory checks for regulated companies;
- Tax Debtor and Bankruptcy checks;
- Media and internet research in English and local languages (in "Light Touch Due Diligence", based on financial crime “Red Flags” searching methodology);
- OFAC, EU and local governmental Sanctions Lists;
- Political Exposure checks;
- Criminal Record and Terrorist Group Membership.
Garancie prides itself on a market-leading Enhanced Due Diligence (EDD) research methodology. We provides our clients with a fully-cited, auditable Due Diligence overview of all the relevant governmental disclosures relating to companies and individuals in the countries where our searches are done. Our media and internet research is always conducted in both English and whatever additional languages are required in each case. We will always obtain disclosure confirmation, be it regulatory, legal or financial, from the original government body overseeing the data.
Because we don’t resell secondary database information, our Enhanced Due Diligence reports meet the absolute highest standard of auditability, giving our clients total piece of mind about their regulatory and reputational risk.
Garancie's "Enhanced Due Diligence" methodology expands on Light Touch Due Diligence to include more thorough regulatory, financial and legal due diligence, going beyond the “Red Flags”, as well as a fully comprehensive Media and Internet search.
The exact searches we can perform may differ by country, based on the legal disclosure requirements in each jurisdiction. With EDD, there is no one size fits all, and Garancie will always maximise research capabilities in each case.
- Company Registration details;
- Directors and Shareholders of a legal vehicle and Ultimate Beneficial Ownership, where available;
- Litigation checks (defendant, respondent and third party);
- Regulatory checks for regulated companies, including licenses, fines and disbarment information;
- Tax Debtor and Bankruptcy checks for legal and physical subjects;
- Comprehensive Media and internet research in English and other relevant local languages;
- OFAC, EU and local governmental Sanctions Lists;
- Political Exposure, including indirect and overt;
- Criminal Record and Terrorist Group Membership.
Please get in touch if you have any questions about the precise scope you can expect in a given country. We will be happy to advise
As experts in Primary Source data acquisition, Garancie is often approached by clients to assist in assignments that range from tracing and returning assets to fraud victims, supporting complex investigations, assisting expert witnesses and lawyers, and other situations where a documentary trail is a requisite to serve as evidence in legal proceedings.
We can help to piece together links between companies, people, advisors, and locations, based on publicly made disclosures in the most unexpected domains and the most difficult of jurisdictions. Conversely, public disclosure documents and registry entries can also help defence teams to piece together a case of reasonable doubt against the prosecution or against another side of a legal dispute.
Whether it is fraud related asset recovery, other asset tracing, matrimonial or commercial disputes, Garancie will be glad to discuss with you the capabilities of public record searches based on your individual circumstances.
"Did you know that Garancie built its own Luxembourg Directorship checks database? We collected hundreds of thousands of documents, company announcements covering over 25 years. This service has been available to our clients for many years and it has helped fraud investigators to uncover assets in Luxembourg and in other jurisdictions.”