DEEP BACKGROUND

THE BLOG ABOUT BACKGROUND CHECKING

    September 7th, 2017

    More companies do post-hire “continuous screening” of employees

    While 99% of businesses perform background checks on prospective employees before hiring them, just under 25% continue to screen them once they’re in the job. That is the finding of a recent survey of executives from 278 companies with at least 100 employees, which was conducted by a “risk-monitoring” firm called Endera. Yet human-resource experts […]

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    August 30th, 2017

    How high in an organization should deals be vetted?
    TOPICS: Due diligence

    Even Goldman Sachs, which is known for buttoned-up due diligence procedures, can fail to put senior-enough eyes on a risky deal. That possibility arose in the firm’s dealings with the especially corrupt Nicolas Maduro regime in Venezuela, which recently floated bonds to finance its state oil company. Goldman purchased $2.8 billion worth, paying 31 cents […]

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    August 25th, 2017

    Failing to heed red flags can lead to trouble – $599 million worth
    TOPICS: Due diligence

    The U.K.’s Serious Fraud Office gave Rolls-Royce some faint praise before blasting it in a recent court statement; the SFO said the global firm “did undertake some compliance” into a Nigerian company hired to help it land business there, but that the due-diligence effort “was ineffective, and failed to detect the corrupt nature of the […]

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    August 14th, 2017

    Could FINRA do more to inform the public about business risk?
    TOPICS: Due diligence

    Embed from Getty Images Background screening is all about assessing the risk of doing business with someone. A recent article by Reuters says that a leading financial regulator is withholding from public view potential red-flag data about brokerage firms that could be helpful to investors and others who are gauging risk. The news service reported that […]

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    July 25th, 2017

    Enforcing judgments in a “borderless world” is no easy feat

    Companies and individuals anticipating a battle to collect what they’re owed by adversaries should envision their fight as being divided into three phases: before, during, and after litigation. That is one of the observations made by Ian Casewell, co-head of the Mintz Group’s asset-tracing group and head of its London office, in an article in […]

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