Supplier due diligence
Can you do business with this supplier, and what should you check first? One report with a light per domain, the points of attention in plain language and the evidence below, ready to print or share.
What is in the report?
- Identity: legal form, age, seat, establishments and the legal situation in the KBO.
- Management: the directors in office, their other mandates and insolvencies there, and recent changes.
- Control: parent companies, shareholders and the LEI group, as far as public.
- Sanctions lists, recognitions and licences, the registered address.
- Financial health, filing of the annual accounts and legal events.
Green: in order. Amber: check with the supplier. Red: serious, read it before you order. Grey: for information or not read.
Screening a client rather than a supplier, as a bookkeeper, accountant or lawyer? The AML client file