PEP risk in the context of FCPA
Companies have consistently been burned in the CEE and CIS countries simply because in the early stages investors did not understand risks or with whom they were dealing. Enter the Politically Exposed Person (PEP). Such persons not only damage company morale, make a mockery of standards, but they can now create massive collateral damage in the form of Foreign Corrupt Practices Act (FCPA) or British Anti-Bribery fines--or simply in the form of fines and/or criminal prosecution in jurisdictions that are now mirroring FCPA rules in order to generate cash for weakened state budgets.
Add to the mix a new industry geared to prompt whistle-blowing and pre-emptive exercises to identify PEPs are critical.
At CDDI we not only will aid you in this process, but additionally use advanced HUMINT and OSINT techniques to map out relationships or mechanisms that a PEP is using or has used at a critical point in time.
Please call for a consultation.