- In short preventative compliance due diligence is a set of procedures that reflects a statement “look before you leap, instead of taking a leap in the dark”
- This is a set of checks made before a decision is made
- The checks are aimed at avoiding letting in people who do not share our values and ethical standards
- These checks are also very important in the context of mitigation of risk of corporate criminal liability and liability for inherited fraud, misconduct or even aiding in committing crime
Applied procedures include but are not limited to:
Below you may find a sample procedure for discovery of non-compliance and risk mitigation response to identified compliance gaps:
