Deloitte Launches Deloitte Diligence: A New Tool to Combat Fraud and Corruption

Oct 28, 2013, 07:55 ET from Deloitte

NEW YORK, Oct. 28, 2013 /PRNewswire/ -- Deloitte today launched Deloitte Diligence, an online anti-corruption and anti-fraud tool that helps organizations address regulatory and reputational risk by streamlining the management of third-party investigations and analysis.

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As U.S. and foreign regulators keep closer watch on the relationships between global organizations and their business partners, Deloitte Diligence enables organizations to conduct tailored background investigations, from review of adverse media and global watch lists to extensive public records research and source queries. Deloitte analysts help identify and address the potential risks of working with outside individuals and businesses to help organizations manage regulatory risk and avoid costly mistakes, risk and reputational damage.

"Knowing whether a potential third-party is operating in compliance with applicable laws and regulations can be critical to the success of your business," said Wendy Schmidt, principal, Deloitte Financial Advisory Services LLP and global leader of Deloitte's Business Intelligence Services practice. "New technology and services can make it easier to conduct and manage risk-related due diligence on third-party relationships."

According to Deloitte's fifth annual "Look Before You Leap survey," only 40 percent of executives were extremely or very confident in the ability of their organization to identify and mitigate compliance and integrity related risks when engaging vendors, and 36 percent were this confident when their organization worked with third-party agents.

Third-parties can often provide critical local services and cultural insights, particularly as organizations expand globally; however, they also represent a significant compliance risk.  Deloitte Diligence provides an intuitive, easy-to-navigate online gateway with a platform for managing an array of due diligence research requests, including:

  • Submitting and tracking investigation and screening requests
  • Retrieving results and reports in a safe and secure manner
  • Documenting a trail for compliance and due diligence activities and outcomes
  • Aggregating and analyzing relevant data to help identify trends and potential trouble spots

Built upon Deloitte's proprietary Analytics Platform, Deloitte Diligence aggregates data, identifies trends, and highlights areas and issues that may require further diligence. Due diligence findings can also help organizations develop internal risk management strategies and compliance procedures that are often essential to dealing with a variety of risks.

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About Deloitte's Business Intelligence Services Practice

The Business Intelligence Services (BIS) practice at Deloitte consists of highly trained investigators and intelligence specialists with extensive experience in due diligence, litigation support, fraud and other investigations. Deloitte's BIS practice gathers background information and business intelligence virtually anywhere in the world in a timely and cost-effective manner, including those jurisdictions where public records are sparse. The practice provides corporations, financial services institutions and law firms with reporting tailored to meet their specific requests and requirements, while maintaining a high degree of confidentiality and discretion.

As used in this document, "Deloitte" means Deloitte Financial Advisory Services LLP, a subsidiary of Deloitte LLP. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.  Certain services may not be available to attest clients under the rules and regulations of public accounting.


Melissa Curtis

Public Relations


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SOURCE Deloitte