Customer Due Diligence
How to financial support your UK operations from abroad.
When doing business with customers and organisations abroad, due diligence must be carried out to uncover any potential risk to your company. In the simplest terms, due diligence is the process of ‘getting to know your customers – only by doing this can you carry out international money transactions without unwittingly committing financial fraud.
Indeed, the need for vigilance has never been more crucial – particularly in the post-Brexit landscape. In addition to fraud, you may be exposed to money laundering, sanction breaches, and even terrorist financing. Needless to say, regardless of your own innocence, this would all land you and your business in rather a large spot of bother.
This is not to frighten you – only to make you aware of the potential dangers of international trade. With the right accountants on your side, however, your legal safety can be guaranteed.
How it Works
Help with customer due diligence
Here at Gower, we commit to conducting your customer due diligence and thus ensure that you remain on the right side of the law. By analysing information from a variety of sources, including your customers themselves and government posted sanction lists, we can quickly establish if there is any untoward activity going on.
Since we will be taking care of everything, we don’t like to drown you in unnecessary detail – but just so you can be aware of what we do, here’s a brief outline of our due diligence service:
Confirm the identity of a customer, from the company address to the names of the execs
Ascertain the customer’s activities and the markets in which they trade
Acquire information about the other entities with which a customer does business
Compile a customer risk profile
And more! Get in touch for more info!
Contact
Get In Touch
And gain full peace of mind with regards to trading overseas