Integrity Due Diligence on an oil company in the Middle East
An international corporation was looking to engage in a contractual agreement with an oil company based in the Middle East but, the lack of transparency of the beneficial ownership and indications of undeclared connections with PEPs who were members of the royal family of a neighbouring country created cause for concern.
CRW undertook an integrity due diligence on the target company, identified and investigated its beneficial owners and assessed the risks attached to the deal and, in particular, the relationships with PEPs. A systematic analysis included mapping declared and undeclared relationships through open-source research and on-the-ground enquiries with reliable local sources.
The client was presented with a risk assessment and advised with risk-mitigation measures which helped the client make sound, risk-based decisions.