MC-KINLEY INTERNATIONAL group based in Turkey is honored to play an important role in promoting the commercial relationship and trade expanding among Iranian companies with eligible business owners in territories of Turkey, Malaysia, Serbestan and Uzbekistan.
This group by having a great access to international sources and experienced experts is able to create a safe and trustful connection between the companies which are willing to promote their products and activities in overseas markets.
What we offer is simple and practical, firstly we start the due diligence process with a conversation that explores a prospective of our client’s:
- Needs and desires
- Experience level
- Most important metrics (KPIs)
- Short-term and long-term goals
- Definition of success
- Expectations for the business relationship
If the result of this conversation indicates a match, more traditional due diligence procedures should subsequently be pursued.
Financial Stability, Credibility and work ethics are the other titles coming after.
This service of due diligence is presented as “Enhanced Due Diligence”.
◇ Enhanced due diligence involves collecting detailed information about individuals and companies in order to provide insurance. To ensure that this background research is thorough, companies need access to a number of different databases:
- Company databases
Identification of possible links between companies and other involved persons
- Watch lists
Identification of individuals and companies, such as terrorism suspects, that are subject to state monitoring
- Sanctions lists
Identification of individuals and companies subject to economic or legal sanctions (embargos)
- PEP lists
Identification of politically exposed persons who are close to a member of government or a member of a government agency and hence particularly vulnerable to corruption or bribery
- Press reports
Cross-checks with news reports to ensure that business partners are not linked to forms of economic crime such as corruption, money laundering, fraud or bribery.
On the basis of the results of the checks on new and existing business partners using these and other databases, companies may need to adjust the risk approach or terminate the initiation of a business relationship.
What is being checked?
Both existing and potential business partners and their subcontractors as well as the responsible persons are assessed and reviewed. Among other things:
- Head Office
- Red flags
- Negative reporting in the international press
- Sanctions lists with regard to persons or companies involved
- PEP lists (Politically Exposed Person) with regard to persons involved
- Results and balance sheets
- Assets and liabilities, budgets
- Work processes
- Qualification of employees
- Company image
- Quality control
- Board members, shareholders, beneficiaries
At the end by preparing a report on all above mentioned information, we create a preliminary trust among two business owners and assist them to expand their trade mutually, according to their expected goals.
