Understand the counterparty
Establish identity, purpose of the relationship, legal form, available ownership details and actual commercial role.
Assess contextual exposure
Consider relevant location, sector, procurement, sanctions and operating-environment factors.
Review integrity information
Examine credible adverse information, legal proceedings, conflicts of interest and other agreed indicators, with careful attribution.
Identify verification priorities
Prioritize unresolved questions proportionate to potential risk and the importance of the relationship.
Document residual uncertainty
A useful conclusion explains what remains unknown, why it matters and what controls the client may consider.
Good decisions begin with evidence, context and appropriate professional judgment.