Governments and international bodies are often quick to crack down on companies that work with a sanctioned third-party (legal entity or individual). And the span of potential adverse consequences might be dramatic, i.a.: heavy fines, reputational damage and even a ban from responding to public tenders are just some of the repercussions you may encounter.
Having on the fly clarity and confidence on the sanctions imposed on your counterparts is crucial to help you timely highlight the related risks.
We recognize that the sanctions landscape is continuously evolving and is becoming even more and more complex than ever before.
Our dedicated forensic team has all the necessary data sources and tools for conducting sanctions’ and watch lists’ screening across multiple jurisdictions. Right here and right now. No need to spend your time on hectic checks through numerous sanction lists and chasing their continuous updates.
We discuss and agree on the set of sanctions lists for the screening with you.
We engage our trusted external data provider to pull together the list of sanctioned entities (including their associated entities*) at the exact time and date.
We use an algorithm and match the list of third parties provided by you with the list of the sanctioned entities.
We perform manual review of a selected ratio of identified matches for potential false positives based on additional information from publicly available sources and provided by you.
*Associated entity is an individual or a company that is related to family members or associates of sanctioned entities, branches and operational units of sanctioned banks, entities that are owned or controlled by sanctioned entities.
The adverse impact of doing business with unreliable person or company can be huge and may impact its brand and reputation. Providing you with a better understanding and clarity of the background, management track record, business practices and activities of the third parties with whom your Organisation interacts, we help to identify potential red flags. Through Integrity Due Diligence we help Organisations to take more informed strategic and management decisions.
People are in heart of every Organisation. Finding the right candidate or creating a talent pool for key positions is an important process that we can help make more reliable.
We conduct background checks on potential employees including their social media activity, verification of their CVs, review of their biographical profiles and reputation. In addition, through direct inquiries we conduct verification of candidate’s educational background, employment history and obtained certifications.
Thus, we help both to better understand whom you are considering to employ as well as gain additional insights for a more considerate management decision making in this regard.
Relationships with any sanctioned or blacklisted business-partner may adversely impact reptation, sustainability and performance of your organisation. We recognize that the sanctions landscape is continuously evolving and is becoming more and more challenging and complex than ever before.
Our dedicated forensic team has all the necessary data sources and tools for conducting sanctions’ and watch lists’ screening across multiple jurisdictions. Right here and right now. No need to spend your time on hectic checks through numerous sanction lists and chasing their frequent and ad-hoc updates.
Forensic Services Leader, PwC Ukraine
Tel: +380 44 354 04 04
Manager, PwC Ukraine
Tel: +380 44 354 0404
Senior Associate, PwC Ukraine
Tel: +380 44 354 0404