Modern compliance processes have the potential to generate an overwhelming volume of data, which is only useful for risk-based decision-making if it’s accurate.
Risk Advisory has developed the LUMA due diligence platform to help take the pain away. Our Third Party Verification service is available exclusively to our LUMA clients. Third party-supplied questionnaires are systematically reviewed and checked by our multilingual specialists to ensure they’re complete and the information is accurate. The questionnaire is only released into the client’s risk management process once every line has been verified, with any ‘red flags’ highlighted. LUMA offers the highest level of confidence that risk management decisions are based upon accurate data, and offers a full audit trail, and rapid commissioning of more tailored and in depth due diligence services if they are needed.