Considering ordering a Lite report? Learn all about what's covered and why it matters.
Lite reports help your organization to identify compliance and reputational risks associated with the research entity by conducting due diligence checks using corporate registry records and compliance databases.
What is covered?
Lite reports cover:
- Official registration verification check
- International sanctions list check
- Trade compliance watchlist check
- Global PEPs and SOEs screening
- Enforcement records check
- Address check
Why does it matter?
When verifying the existence of a legal entity, it is important to confirm the entity’s incorporation details, business operations, corporate structure, shareholders structure, and management information.
Examples of findings include:
- Official registered name
- Names change history
- Registration / company number
- Company status
- Company type
- Contact details
- Registered and business addresses
- Capital structure
- Shareholder(s) and management information
- Subsidiaries and affiliates information
- Financial information – e.g. total assets, liabilities, net profit/loss
- Registered charges – e.g. assets under charge
- Authorized business scope
Excluded Information
Focusing on red flags identified from official sources and compliance databases, Lite reports do not cover negative media check.
Consider an upgrade!
Our Pro and Plus reports cover all checks in Lite reports, but extends the reach to also include, but not limited to:
- Ultimate beneficial owner(s) identification through media search
- Adverse media findings
- Litigation and bankruptcy findings
- Business operations verification
- Supply chain due diligence
- Intellectual property check
- Sanction lists screening on research entity’s third parties
- Undisclosed business interests
Interested to see how the Lite report compares to the Pro or Plus reports? See our comparison table here.