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Know Your Customer & Vendor Screening

A major pharmaceutical company hired IBR to look into the backgrounds and reputations of several international vendors. Local media searches and discreet primary source interviews revealed that some vendors not only had connections to organized crime, but also were providing kickbacks to certain purchasing members at the pharmaceutical company. Subsequently, the company dismissed the offending employees, tightened internal controls to ensure FCPA observance, and initiated a USA Patriot Act-compliant program of vendor screening.

 


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