The 6 Kinds of Datasets Critical to Your Due Diligence Investigations

07 January 2022 00:00

Due Diligence

Your due diligence process should inform you of any potential risks before you make a major decision, such as whether to move forward with a merger and acquisition (M&A) or hire a c-suite candidate for your company. But if you don’t have access to the right data, in the right context, and in the right format, then your due diligence will likely be riddled with blind spots. Luckily, Nexis Diligence™ offers an unmatched wealth of data from thousands of content sources, allowing you to conduct comprehensive checks on people and companies in a single interface.

Keep reading to learn about the 6 datasets provided in Nexis Diligence—and why they matter to the quality and effectiveness of your due diligence research.

News & Web Media

Regulators recommend your due diligence process takes adverse news into account. Nexis Diligence gives you access to 50,000+ global print, broadcast, and web news sources, including but not limited to:

  • Newspapers
  • Newswires
  • Press releases
  • Magazines
  • Trade publications
  • Broadcast transcripts

Nexis Diligence features the ability to search negative news. To uncover and pinpoint negative news on a person or company, you simply type an entity’s name into the Diligence search bar along with a derogatory word like embezzle, fraud, indict, bankrupt, etc. The platform will then search our vast universe of content and reveal any relevant hits. You can also select how tight you want the association between the entity and the term to be, so you can align search results to your organization’s policy approach to due diligence.

Company Reports

Pulling in data from 400+ databases and on 280+ million global public and private companies, Nexis Diligence captures annual reports, SEC and other filings, bankruptcy reports, M&A transactions, and earnings information. Some of the data providers Diligence relies on include:

  • Best’s Company Reports
  • Bundesanzeiger Verlag
  • Cofisem
  • Creditreform®
  • CreditSafe
  • Dun & Bradstreet®
  • Experian® Information Solutions
  • FBR Asian Company Profiles
  • Gale Group®
  • Global Data Ltd.
  • Handshakes Capital Markets Data
  • Hoover’s, Inc.
  • IHS Shipping Data
  • Infocredit Group Business Information Reports
  • Integra Industry Reports
  • LexisNexis® Corporate Affiliations™
  • London Stock Exchange
  • MERGERSTAT® M&A Database
  • Prospects of Wealth
  • SGA Executive Tracker
  • Taiwan Economic Journal Co.
  • Vickers Securities Report
  • WealthEngine
  • Worldbox AG
  • Worldscope International Company Profiles
  • Zack’s Equity Research

And while other due diligence services or platforms typically only provide limited company profile information—such as corporate hierarchy—Nexis Diligence goes deeper to reveal parent/subsidiary structures. Additionally, because Nexis Diligence pulls data from multiple sources, you can uncover most if not all available information on a company of any size, even on small private companies in emerging markets.

Sanctions, Watch Lists & Politically Exposed Persons (PEPs)

The less you know about a company or individual, the more your reputation—and your company’s wallet—are at risk. Failure to properly vet a potential acquisition or business partner can translate into customer churn, government sanctions, and monetary penalties. That’s why Nexis Diligence gives you access to domestic and global sanctions, watch lists, and PEPs compiled from multiple authorities spanning 240 countries and territories. Some of the 1,400 lists include:

  • OFAC—Specially Designated Nationals (SDN) List; Non-SDN List, including Palestinian Legislative Council; Enhanced Sanctioned Countries List
  • Her Majesty’s Treasury Consolidated List
  • Commodity Futures Trading Commission List of Regulatory and Self-Regulatory Authorities
  • Department of State, Directorate of Defense Trade Controls, Consolidated List of Debarred Parties
  • European Union Designated Terrorists Consolidated List
  • FBI—Hijack Suspects List; Most-Wanted List; Most-Wanted Terrorists List; Seeking Information List
  • Financial Industry Regulatory Authority (FINRA) Actions File
  • International Police Most Wanted and Red Alerts
  • Office of Controller of Currency—Unauthorized Banks List
  • State Department Terrorist Exclusion List
  • United Nations Consolidated List
  • S. Bureau of Industry and Security—Denied Persons List; Unverified List; Entity List
  • World Bank Ineligible Firms List

With Nexis Diligence, you also get access to global PEP lists, which include 1.5+ million profiles on PEPs, as well as profiles on their family members and close associates.

Biographical Sources

Top officers should always be a focus of your research when conducting due diligence on a company. That’s because their credibility, experience, and personal history play a major role in the kinds of risk involved in doing business. You also need the ability to properly vet a potential hire before bringing them into the fold.

To help you uncover key facts about individuals, Nexis Diligence pulls content from hundreds of sources such as:

  • Gale Biographies
  • SGA Executive Tracker
  • Professional Contacts
  • The Complete Marquis Who’s Who® Biographies
  • The Official Board Biographies

With data collected from so many biographical sources, you can confidently learn about someone’s personal information (e.g., the time and place of their birth), educational background and career history, participation in civic or philanthropic organizations, and any recognitions and awards they’ve received.

Legal Sources

Cases & Dockets

Nexis Diligence provides legal information on companies and individuals from courts both outside and inside the US. With a quick search, you can retrieve case details—including court decisions and outcomes—from state, federal, and international courts.

Also included in Diligence are cases from the International Court of Justice, which serves as the principal judicial organization of the United Nations. And you can retrieve dockets providing details on pending court cases in the US as well.

Agency Decisions

Uncover decisions, opinions, orders, enforcement actions, decrees, judgements, rulings, and more from various government agencies, including:

  • Army Corps of Engineers
  • Commodity Futures Trading Commission
  • Consumer Product Safety Commission
  • Department of Agriculture
  • Department of Energy
  • Department of Justice
  • Department of Labor
  • Department of Transportation
  • Department of Interior and Commerce
  • Environmental Protection Agency
  • Equal Employment Opportunity Commission
  • Federal Deposit Insurance Corporation
  • Federal Aviation Administration Decisions
  • Federal Energy Regulatory Commission
  • Federal Reserve
  • Federal Trade Commission Decisions
  • General Services Administration
  • Health & Human Services
  • Housing & Urban Development
  • International Trade Commission
  • Internal Revenue Service
  • Office of Government Ethics
  • Office of the Comptroller of the Currency
  • Securities and Exchange Commission

Additionally, some of the state agencies covered in Nexis Diligence include:

  • S Comptroller General
  • State Attorney General Opinions
  • State Tax Agency Decisions
  • State Securities Agency Decisions
  • State Environmental Agency Decisions
  • State Workers’ Compensation Board Decisions
  • State Public Utilities Commission Decisions
  • Decisions from Other Miscellaneous State Administrative Agencies

Verdicts

Nexis Diligence provides access to selected online verdict and settlement information for civil cases across the United States, so you can learn about verdict and settlement amounts, expert witnesses, case summaries, and counsel data.

Law Reviews

Better understand facts in dispute and expand your awareness of a company or person’s litigation environment. Nexis Diligence gives you access to nearly 1,000 law reviews, bar journals, ABA journals, legal newspapers, legal newsletters, and specialty legal publications.

U.S. Public Sources*

Through SmartLinx™ Comprehensive Reports via Nexis Diligence, you can conduct searches that comb through 82 billion public records from 100,000+ sources. Quickly and easily find names, addresses, phone numbers, and other information that links people, locations, and businesses.

All results are also cross-referenced, so you can identify connections between two people, a person and a company, or two companies. And suspicious connections and activities are flagged for further investigation. Additionally, our sophisticated proprietary technology searches for nicknames, similar sounding last names, and alternate spellings. And proximity searches let you look for locations within a particular radius. Types of public records you can search include but aren’t limited to:

  • Business Associates
  • Person Associates
  • Fictitious Business Names/DBAs
  • Phone Summary
  • Addresses
  • Bankruptcies
  • Judgements and Liens
  • Corporate Filings
  • Registered Agents
  • UCC Liens
  • Company ID Numbers (FEINS, chart numbers)
  • Parent Company
  • Executives
  • Industry Classification
  • Experian Business Reports
  • IRS Form 5500
  • Better Business Bureau Membership Status
  • Sales Information
  • Real Property
  • Aircrafts
  • Professional Licenses

In addition to searching billions of public records at one time via SmartLinx Comprehensive Reports, you can also use Nexis Diligence to search public records databases individually. The databases that can be searched individually include information such as:

  • Bankruptcies, judgements, and leans from all 50 U.S. states, D.C., and select U.S. territories
  • Approximately 457 million criminal records and 383 million criminal court records
  • OSHA inspection reports from all 50 U.S. states, D.C., and all U.S. territories
  • Records of corporation and limited partnerships from 49 states and D.C.

*Access to U.S. Public Records content is subject to credentialing.

Access the wealth of content made available in Nexis Diligence

Take advantage of the unmatched data from thousands of sources in Nexis Diligence. Your due diligence process will become more efficient, your investigations more thorough, and your strategic decisions better informed to reduce your reputational and financial risk.

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