How does your business decide which customers to accept and which to decline? Most businesses blindly transact with customers without knowing anything about their background. Organisations such as academic institutions and financial institutions run the risk of reputational damage or security risks if they transact with undesirable persons.
For example, a student might used forged certifications to gain admission to a program. Or they might alter their grades so as to qualify, when they are actually unable to. A customer might misrepresent their financial position to get a loan approval, and by the time this is discovered the loan might have already been disbursed.
There is increased pressure and scrutiny on organisations, landlords, business owners and even sole proprietors to do their due diligence before transacting with a client. Real estate salespersons who fail to report suspicious transactions and purchases run the risk of sanctions such as revocation of license and other penalties.
At Esper, we are able to perform Know-Your-Customer (KYC) and Customer-Due-Diligence (CDD) checks, to protect you and your company from such risks. We are able to verify the information with a wide variety of databases. Our report would be one of the most comprehensive available, providing not just a snapshot of the client but the entire 360 view. In today's uncertain business environment, you can never be too careful.
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