Financial Institutions
The scope, frequency and complexity of regulations that financial institutions have to comply with are rapidly changing and increasing. Financial institutions have to develop and improve internal efficiencies so as to remain compliant. At the same time, the cost and time needed to acquire and retain a new customer is increasing, and customer expectations are increasing too.

Financial institutions must then balance regulatory compliance costs, revenue growth and innovation.

With vast experience in background checks, Flywheel Advisory provides a range of Enhanced Due Diligence reports to unearth risks associated with your potential business partners. This includes bribery and corruption risk, sanctions and terrorist related risk, ultimate beneficial ownership, operating and litigation history, adverse media checks, political exposure and foreign government relationships as well as modern slavery and human rights violation risks.

Do you know who you are doing business with? Protect your business from being used for money laundering and terrorist financing, meet regulatory obligations and reduce risk by screening your new and existing customers and business associates.

We provide you with due diligence tools and enterprise technology for onboarding, screening and monitoring third parties and trade partners. Screen against sanctions and PEPs lists, state-owned companies, adverse media and other specialized risk categories, with risk data trusted by the world’s biggest financial institutions.

Non-Governmental Organisations
Non-Government Organizations (NGOs) are vulnerable targets of terrorist financing and money laundering. They enjoy public trust, have access to considerable sources of funds, and their activities are often cash-intensive.

In addition, it is time and resource consuming to maintain up-to-date records of their community based beneficiaries, their donors, suppliers, and partners. Yet, without accurate records, NGOs are unable to raise donations and perform other crucial operations.

Flywheel Advisory appreciates this and helps in:

  • Screening partners, suppliers and beneficiaries against sanctions, political exposure, government and police watch lists.
  • Data clean up to ensure that records are complete with no duplicates or invalid formats.
  • Due Diligence including ID document verification, address validation, identification of nature of business, and registered owners of your beneficiaries, suppliers and partners.

Business Intelligence for Cross border Businesses in Africa
To keep pace with today’s constantly evolving legal and regulatory environment, access to practical, reliable and up-to-date business and legal information is essential. However, securing such information can often be challenging for those investing or looking to do business in Africa. Flywheel Advisory has partnered with Afriwise to bring you all the legal and regulatory information you need, to do business in Africa.

Afriwise redefines how you can access critical legal and business intelligence and find reliable local counsel in African jurisdictions. By combining technology and the collective knowledge of Africa’s top law firms, our subscription-based platform provides practical guidance on all key areas of law in selected African jurisdictions, as well as practical tools to cut costs and time spent on understanding local legal and business environments.