Due Diligence
First Step (Before You Invest)
PCI prides itself on standing up and initiating processes that protect our clients and their assets.
You are at a CEO business meeting and you meet a counterpart that really seems to have his/her act together. Before long you are talking business and you can really see an ideal fit! Obviously all the deals your counterpart is working on intrigue you. You can also see the dollar signs… This may be the break you were looking for!
Here is where we step in. You have built the relationship and identified a potential whale for your company. Now what… First things first! Have your compliance investigators (PCI) go to work! It is our job to help you manage risk and to track down those who have stolen from you, so that you may seek legal action or (even better) repayment.
First step is to identify those you work with and how to contact them when they decide to stop returning calls after they have received your investment funds. You need to know who you are dealing with top to bottom. Most risk is negated purely by having the correct information to make the right decisions.
Second step is to identify assets both nationally and internationally, that may have an impact later on in the business dealings. You want to know in advance whether you have any chance at all of recovering your funds. You also are able to assess the person you are working with at a molecular level. And that is exactly what you want when you begin a new relationship… Good, accurate information…
Know where your legal team needs to lodge civil cases and also where the local magistrate or court is located to save time and assets later. This will let your future associate(s) know that you are serious and capable, in the event that they want to take your money and run… It also shows a high level of professionalism and seriousness.
Finally, but far from least important is, understanding the process of recovering your assets. If someone does attempt to steal your money, what are you going to do? Is it you who is going to knock on their door and ask for it back? Of course not. It is your operations team who will assist your legal advisors in going after those that steal from you.
PCI is here to protect you and yours. Get us involved early on and be proactive with your own financial endeavors!