At Augustus Hall Limited® we undertake a full complement of Counter-party Trade Finance Due Diligence Investigations as part of any Trade Financing Transaction in which we or any client of Augustus Hall Limited® is involved.
Specifically, Our Trade Finance Due Diligence Services comply with all the requirements of United States Laws & Government Regulations, including the Patriot Act, the Anti-Money Laundering Act, the Counter Terrorism Financing Act, & also exceeds all the Know Your Client (KYC) Regulations.
Our International Trade Finance Due Diligences, Investigations, & Compliance Support
There is now a 100% Certainty of Increased Due Diligence Requirements for anyone involved in International Trade, Trade Finance, Commodity Finance, & Project Finance. Compliance is no longer a request. It has grown into a rather Substantial Legal Obligation for those doing business Internationally.
Below is an overview of the various Trade Areas, Areas of Financing or Scope of International Trade Finance Services where we have deployed, executed, & provided some additional Enhanced Due Diligences & Investigations performed solely for International Trade Finance Firms (strictly as it relates to Onboarding, Origination, Screening, Verification, Authentications, & other ERM Due Diligences needed before establishing Formal Business Relation(s) & Account(s) activation) in any of the following scenarios listed below as requested by Clients, such as:
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In addition to terrorism, which continues its inexorable march towards our shores, money laundering & drug trafficking also pose very real threats to the Continent. If you’re involved in International Trade or Trade Finance, you will have to bear a disproportionate share of the world’s effort to combat these evils.
Expect the increasing demands for more & more Due Diligence along with demands to shift more & more of the workload & responsibility to alternative lenders. Additional compliance requirements will disproportionately impact on small businesses involved in Global Trade or Trade Finance.
Our Counter-Party Trade Finance Due Diligence Investigations
At Augustus Hall Limited® We undertake a full complement of Counter-party Trade Finance Due Diligence Investigations as part of any Trade Financing Transaction in which we or any client of Augustus Hall Limited® is involved.
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Specifically, Our Trade Finance Due Diligence Services comply with all the requirements of United States Laws & Government Regulations, including the Patriot Act, the Anti-Money Laundering Act, the Counter Terrorism Financing Act, & also exceeds all the Know Your Client (KYC) Regulations.
We perform these procedures for All Trade Finance Transactions in which we are involved.
Our Protocols
Properly Undertaking Due Diligence Investigations is a Complex & Time-consuming Process that requires a great deal of training & experience. Many industry professionals undertake what they believe to be legitimate Due Diligence Investigations by simply performing Internet Searches of names & phrases using Internet Search Engines.
This produces unverified results that can be manipulated. They are also just as likely to produce fake news as anything else. That kind of shallow, ineffective investigation does not meet our standards.
Real Due Diligence Incorporates the Key Elements listed here to comply with Anti-fraud & Anti-money Laundering Regulations.
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Why Trade Finance Due Diligence & Compliance?
Trade Finance Due Diligence is becoming both more critical – not least due to the heavy sanctions in place for Regulatory Non-compliance – & more complex.
Certainly, the nature of Trade Finance deals means there are a vast range of Counterparties involved in any one deal, as well as highly detailed Security & Repayment Structures. As such, Outsourcing Due Diligence to specialists capable of assessing risk in the right level of detail is becoming an increasingly popular – & necessary – option.
Companies such as Augustus Hall Limited® Due Diligence Services provide a highly-specialized service – assessing the scope of investigation required in each case & carrying out the necessary auditory & field exams based on this assessment.
Augustus Hall Limited® protocol is to test at least 10 completed trades with proposed counterparties to ensure the cash is followed “from cradle to grave”. Bills of lading, quality certificates, certificates of origin & packing lists are all analyzed, along with the contracts themselves & the outcome of the trade.
Such assessments go far beyond standard desk-based checks. The ability to conduct investigations Africa-wide – placing officers on the ground where necessary – is invaluable when it comes to undertaking bespoke, thorough, inspections. The data extracted then provides a firm basis on which to screen a deal for fraudulent activity – as well as the means to assess the creditworthiness & profitability of a proposed deal.
Looking into the future, the onslaught of regulation does not look set to slow down & will continue to play a central role in ensuring only Competent Players are allowed to participate in the sector – while stemming any criminal activity. Yet with punishment for Non-compliance ranging from eye-watering fines to the prosecution of individuals, making sure due diligence is entrusted to experts with the right toolset is increasingly the key to mitigating risk & ensuring a business stays on top of regulatory developments.
Options Available
While Trade Finance Participants must now spend an increasing amount of time & money on Compliance, artificial intelligence is presenting tempting, time-efficient options to automate the process. Favoured by many banks & large corporates, technology such as several “Online Pay-as-You-Go Check” promises to streamline the due diligence process. Of course, such automation is useful in flagging any obvious discrepancies – or in transactions involving limited counterparties. Yet, when it comes to the increasing complexity of Trade Finance Transactions, this technology is simply not sophisticated enough nor is it 100% sufficient.
Indeed, due diligence is not just a simple case of checking whether a company or its counterparties adhere to regulations. Accessing this information in the first place poses a significant obstacle. In Africa, for instance, only publicly traded corporations are obliged to file their accounts in the public domain. In the remainder of cases, due diligence professionals must rely on co-operation from businesses when sourcing information.
What’s more, clients & counterparties operating in developing economies often do not have measures in place to ensure records are properly kept, or do not have the infrastructure – such as internet access – to store easily-accessible digital data. To properly investigate, it is often necessary to have someone on the ground with the resources & relationships needed to source the required information, & Augustus Hall Limited® does so accordingly.
Our Service Terms & Conditions
Note:
Having access to this type of private data, however, comes with rules, criteria, regulatory compliances, due processes, official approvals, administrative protocols, restrictions, usage terms & conditions, & other regulations governing it.
Augustus Hall Limited may officially reject your applications or orders based on the aforesaid, & for many other reasons, or criteria that does not conform to our objectives, principles, ethics, norms, standards, generally accepted practice.
Such request for Verifications Services are only granted or carried out or conducted solely for strictly verified entities, receiver, beneficiary, or recipient with vetted aims & objectives of which the ultimate utility of such verification service is vetted & traced to fulfilling generally accepted principles, aims, & objectives as regards to Risk Assessment, Risk Valuation, Risk Control, Risk Mitigation, Risk Management, Risk Intelligence, Risk-based Decisioning, etc.; which altogether must be seen to amount to transparency, restorations & preservations of Trust, Value, Assets, Investments, Common Wealth, Security, Integrity, Ethics, Governance, Business Development, Business Continuity Management, Business Sustainability Management, Humanity, Equity, Balance, etc.
Our Due Diligence Capabilities & Access are Wide Ranging.
For more information on how we can provide further insight for you, your business, or your clients, we would encourage you to contact us to Buy Now or Subscribe or Discover more.
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