An international bank was looking to understand better the source of wealth of a high-net-worth individual in Mali as part of its compliance process for new clients. The person in question was active in Mali and Ivory Coast with very high level connections in political and business circles.

We were able to access sources in government and industry in Mali and Ivory Coast who were able to provide background and insight into the businessman’s operations; the origin of some deals and business; his exposure to Politically Exposed People in a former government; and the potential risk of further scrutiny from local, regional and international regulatory and law enforcement agencies.

Our report and insight gave our client a more solid base to balance business opportunity with potential risk and support their decision making process.