Business Investigation

Reveal any potential risks or fraud through Synovatics Business investigation services A successful cybersecurity approach has multiple layers of protection spread across the computers, networks, programs, or data that one intends to keep safe. Synovatic is one stop solutions to all your cyber security requirements. Business investigation is a thorough investigation done by businesses to reveal any potential risks or fraud. . Synovatic Cyber Solutions is the best promising companies providing cyber security services, delivering world-class end to end Information Security services and solutions to organisations.

Article: Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks. These cyberattacks are usually aimed at accessing, changing, or destroying sensitive information; extorting money from users; or interrupting normal business processes.

Implementing effective cybersecurity measures is particularly challenging today because there are more devices than people, and attackers are becoming more innovative.

A successful cybersecurity approach has multiple layers of protection spread across the computers, networks, programs, or data that one intends to keep safe. In an organization, the people, processes, and technology must all complement one another to create an effective defence from cyberattacks. A unified threat management system can automate integrations across select Cisco Security products and accelerate key security operations functions: detection, investigation, and remediation.

Role of Synovatic Cyber Solutions in cyber security Synovatic cyber solutions is an Indian based company and have its headquarters in Delhi and branches in Punjab. Synovatic Cyber Solutions is the best leading global security company in Punjab, India that provides advanced technology services and Risk management services.

Synovatic Cyber Solutions was formed to provide the best quality service and competitive prices in the space of cyber security requirement by customized solutions, quick turnaround time, hassle-free approach along with post project consultation and support. Synovatic is one stop solutions to all your cyber security requirements.

Synovatic’s one of the best services includes Business Investigation:

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Business Investigation Business investigation is a thorough investigation done by businesses to reveal any potential risks or fraud. Business investigation comprises both preventive and countermeasure action.

By conducting investigation, a business can prevent risks from happening and minimize loss if a fraudulent action ever takes place.

Companies should perform a business background investigation when entering into a new relationship with another company that will form an important part of your operations. Most companies would not consider hiring a new employee without performing a background investigation. Yet a new business relationship can present as much or even more risk. If you suspect that fraud has happened or is about to occur, hire Synovatic.

Synovatic Cyber Solutions is the best promising companies providing cyber security services, delivering world-class end to end Information Security services and solutions to organisations.

Business Investigation of Synovatic Cyber Solutions includes: 1. Counterparty Due Diligence: Counterparty due diligence is a process that helps in collecting as much information as possible about a third party. It helps in validating facts and eliminating assumptions about your clients, channel partners, vendors and any other business associates. Whether seeking to invest in a promising enterprise, forming a joint venture with a business partner, engaging a vendor, or taking on a large client, organizations need to conduct counterparty due diligence (‘due diligence’) to ensure that these prospective business partners possess

the requisite capabilities to fulfil their commitments. Additionally, organizations need to ascertain if these prospective business partners have a history of poor performance, litigiousness, and fraud, or reputational issues such as political exposure or links to organized crime, which could adversely impact their own reputation.

Synovatic Cyber Solution’s customised approach and analysed output include consent-based due diligence procedures such as:  Site visits  Interviews  Detailed profiling  Compliance databases  Litigation and regulatory checks along with adverse information .

2. Integrity Due Diligence (IDD): As with any due diligence, the goal of IDD is a deeper understanding of the potential partner business, primarily from a corruption risk management perspective and to proactively mitigate such integrity risks. IDD is the gathering of independent information to gain an understanding of the integrity and corruption risks associated with a third party along with risks of corruption an organization may be exposed to internally. It provides companies with a means to both identify these risks and confirm (or otherwise) information provided to them by a third party. IDD examines the target company’s operations to identify issues that might pose major, but unquantifiable financial or reputational risks to an acquirer.

Examples of major focal points in this phase of the investigation include:  The existence of any connections between the business and any political figures, as well as how the company interacts with regulators, government entities, etc.  The nature and strength of any such connections and whether any of those connections have been leveraged for the benefit of the company  The extent, nature and credibility of any allegations made against the company or its key principals relating to bribery, corruption, money laundering, large-scale tax evasion, fraud or asset stripping  Any alleged connections between the company and organized crime or terrorist groups or broader risk of exposure to such groups.

3. Senior Management Due Diligence: Senior management due diligence can be defined as the process of evaluating the efficiency and effectiveness of the senior management of the company. It can be considered as one of the best tools of judging how the things work in a company. Senior management or key management due diligence becomes all the more important when certain business deals have to be closed as senior management is supposed to play a crucial role in various business deals. It will be interesting to note that there is a fine line between anticipated success and sudden failure. Senior management of a company not only influence the performance of various teams of the company but also play an important role in building an agile and efficient business model. Internal stakeholders of the company can consider this due diligence as an effective tool in for assessing the dynamics of the company and identifying potential risks and threats of investing in the company.

Senior management due diligence is required when a company is involving in any

kind of transactions with other companies. Whether they are involving in buying or selling of products or services or the involvement is in the form of acquisition, merger, collaboration, joint venture partnership or strategic alliance, senior management due diligence is a must. These are the times when one company calls for experts to perform senior management due diligence on board and key management of the other company. Synovatic Cyber Solutions perform the management due diligence with methodologies such as:  Online assessment  In-person meetings  Data analysis.

4. Anti- Money Laundering and know your customers: Anti-money laundering (AML) regulations are mandated by both national and international authorities around the world and place a wide variety of screening and monitoring obligations on financial institutions. It includes an active screening of customers and transactions through potent processes and reporting procedures. They require a comprehensive and integrated AML-KYC lifecycle management that provides an accurate and total view of risks and vulnerabilities. Synovatic’s AML-KYC services bring deep domain expertise and industry-led capabilities to provide an integrated Anti-Money Laundering lifecycle management for your business. Synovatic’s comprehensive offerings in Anti-Money Laundering and KYC, supported by data analytics solutions, deliver insights that ensure efficient and economical AML-KYC operations and positive customer experiences across the globe.

Controlling of Anti- Money Laundering know your customers: The KYC process should take place during onboarding to ensure that customers are being truthful about who they are and the business in which they are involved. Verifying a customers’ identity is achieved by assessing the customers’ personal information, the nature of the customer’s business and establishing the beneficial ownership. KYC should also take place throughout the business relationship to establish that a customer’s risk profile continues to match the firm’s information on them.  Criminalization: For Anti-Money Laundering, various governmental agencies and financial entities pose controls. Government has announced the guidelines to prosecute those individuals who are involved in all such crimes. Synovatic experts help companies through Novel techniques to investigate and present the findings with evidence to support organizations in taking litigation action against the persons involved in such unlawful activities.  Management and Logging of Records: It is essential to have detailed records of all activities, including transactions, and to put in place mechanisms to detect illegal activities. The correct nature of the data of any organization is a crucial tool for dealing with suspicious activities.  Innovative Technology & On-Ground Market Intelligence: Various advanced software and technological tools have been developed to detect suspicious activity related to counterfeiting, which allows the system to learn more about theft and invalid transactions. Synovatic’s CAMS-certified anti-money laundering professionals, Chartered Accountants and Certified Fraud Examiners have extensive knowledge and in-depth knowledge of AML Landscape and have extensive experience in handling the diversity of work in this domain.

Synovatic’s KYC screening services encompass:  Complete range of Customer Identification Program (CIP)  Politically Exposed Person (PEP)  Specially Designated National (SDN)  Negative News (NN)  Adverse Media checks to support Enhanced Due Diligence (EDD) monitoring.

Synovatic’s services for Anti-Money Laundering and KYC include:  Review of Policies  File Testing  Sanction Screening  Branch Visits and Market Intelligence Gathering through database searches and Field Visits  Review of CTRs  Review of STRs Reporting Mechanism to FIU As Per Master Circular Requirement Issued by RBI Regularly.

Why is it Important?

It is important to have detailed information about your customers during these critical times of frequent theft and frauds. It can reduce bribery, corruption, fraud, money laundering, terrorist financing or other illegal and criminal activities.

It is helpful in: 1. Increasing Reliability: This increases reliability in the case of enthusiastic clients who ensure high order reliability.

2. Elimination of Risk: This will help you to know your clients in their ICO and their real interests.

3. Legal Funding: In conjunction with AML services, KYC will offer a transparent system in which it can check the transparency of transactions at any time and ensure legitimate trade.

Regulative compliance This enables strict controls to be followed in an effort to minimize risks and fraud. Synovatic boasts an excellent track record of success in offering money laundering and KYC compliance services to synovatic’s most respected clients. Synovatic’s profound global team and policies allow us to order KYC procedures very effectively.

We aim to focus on areas of risk for money laundering and to identify whether existing regulations are sufficient to effectively address AML risks.

5. Anti- Bribery & Corruption- Investigation: Synovatic Cyber Solutions has a full suite of services related to helping organizations prevent, detect, and respond to Anti-Bribery and Corruption (ABC) concerns. Our extensive credentials in this area range from proactive compliance-oriented services to event-driven matters such as investigations and the implementation of remedial action plans. Through thoughtful and timely execution of these services, clients can mitigate the risk of noncompliance with ABC laws and regulations, such as fines, penalties, sanctions, civil

liability, and reputational harm. Synovatic Cyber solutions provides assistance that is essential to managing risk under the Foreign Corrupt Practices Act (FCPA), the UK Bribery Act 2010 and the Anti-Corruption laws of numerous other countries.

Synovatic Cyber Solutions, Punjab can help by providing prevention measures that include risk assessments, the evaluation of program controls and governance structures, third-party screening and acquisition due diligence, and training programs in a variety of formats.

ABAC Audit and Remediation Training and Awareness  Building blocks for enhanced governance and compliance  Company culture and values  ABAC audits and remediation 6. Dispute Advisory Service: To help achieve the business goals of settling where financial, reputational or operational impacts, Synovatic firms lend their expertise, offering robust, practical advice to assist with the successful resolution of disputes. Synovatic Cyber Solutions frequently collaborate with law firms on complex business disputes and litigations with support for clients across numerous verticals such as:  Energy  Financial services  Healthcare  Life sciences  Medical equipment  Private equity