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Tag: due diligence

In a general understanding, it is the reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something. In a more business perspective, it is the action that is considered reasonable for people to take in order to keep themselves or others and their property safe. In a political standpoint, it is part of a strategic risk management process, investigates the personal connections and networks in the political environment of foreign investments, because they are a major source for regulatory risk. It thereby helps to fill a notable gap in the risk mitigation field.