Carrying out effective and compliant due diligence is not just for businesses with obligations under the Money Laundering Regulations 2017 or for those authorised or supervised by the FCA or HMRC. Most firms will be required to complete due diligence on suppliers, customers and/or employees to meet business and sometimes legal obligations.
It is essential that business know who they are working with and who is being trusted to provide external services. This requires a robust due diligence program to effectively assess, identify, verify and monitor the working relationships that all businesses must form.
It is not only important to have a Due Diligence Policy in place to set out the controls, measures, objectives and procedures followed by your company, but to also have compliant due diligence questionnaires for the main business relationships; including customers, suppliers and employees.
An effective, compliant due diligence assessment questionnaire will enable you to complete standard due diligence before a working relationship is formed and to extend this to enhanced due diligence where risk or mandatory obligations exist.
Our customisable, professional due diligence policies and templates mean that you don’t have to spend time reinventing the wheel and writing policy content from scratch. With over 4000 organisations already using our compliance documents, we service hundreds of industries with ready to use, easy to edit policies, templates and training materials.