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Due Diligence Procedures: How high in an organization should deals be vetted?
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...
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Failing to heed red flags can lead to trouble – $599 million worth
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...
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Could FINRA do more to inform the public about business risk?
Background screening is all about assessing the risk of doing business with someone. A recent article by Reuters says that a leading financial...
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Enforcing judgments in a “borderless world” is no easy feat after litigation
Companies and individuals anticipating a battle to collect what they’re owed by adversaries should envision their fight as being divided into three...
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Finding red flags is useless if the rules prevent you from taking action
The pilot of a hot-air balloon that crashed in Texas, killing 15 passengers and himself, was a walking red flag. Alfred “Skip” Nichols had been...
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A lesson in avoiding racial bias in background screening
The U.S. Census Bureau is taking steps to prevent racial bias in the hiring of hundreds of thousands of census-takers in the upcoming 2020 poll of...
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Take care doing due diligence on foreign officials — especially when you’re still in their country
Recent events in the small oil-rich nation of Equatorial Guinea illustrate the potential dilemmas for representatives of global companies trying to...
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Africa is a hotspot for CV lying: background-screening firm
While Africa’s economy is one of the world’s fastest-growing, the continent is also a center of rampant CV fraud, a South Africa-based...
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Strict background screening leaves some poor and minority people unemployable
Lawyers representing low-income people are stepping up their argument that an increasingly strict approach to background screening for job candidates...
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A federal agency warns landlords to take care in screening renters
Landlords who do background screening to size up tenant applicants need to take care to avoid running afoul of the law, the Federal Trade Commission...