Third-Party Risk Management

Contact Us

How can Cerebra assist you?

We specialize in providing due diligence services to international companies operating in Turkey. Our thorough examinations are aimed at assessing the reliability of potential business partners. Our objective is to ensure that before entering into any business relationship, partners are fully compliant with the law and free from any involvement in illegal activities such as bribery and corruption. Tailored to specific risk levels, our assessments enable you to comprehensively understand and effectively manage risks associated with third parties, empowering your company with informed decision-making. 

Third-party risk management holds paramount importance for global corporations, especially in light of cross-border laws such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act (UKBA). These regulations not only prohibit bribery and corruption but also hold companies responsible for the actions of their partners. Essentially, they incentivize companies to engage exclusively with ethical and honest business partners. 

Operating in a global market entails that the actions of each business partner can significantly influence your compliance with FCPA and UKBA regulations. Within the framework of third-party risk management, comprehensive due diligence and monitoring activities are vital processes for ensuring adherence to these legal requirements.  

These processes enable you to thoroughly evaluate the activities of your partners, suppliers, and subcontractors.  

Our approach goes beyond simply examining their background and reputation. We also assess the alignment of their business practices and internal controls with the standards set forth by the FCPA and UKBA. This comprehensive evaluation ensures that your business operates ethically and remains fully compliant with international regulations, mitigating risks and safeguarding your reputation. 

Third-Party Risk Management Services

Third-party risk assessment: Evaluating the risk levels associated with prospective business partners. 

Third-party screening: Utilizing advanced data analytics methods to collect and analyze internet data, and identifying risk indicators through specialized databases. 

Third-party due diligence question set: Managing the process related to third-party due diligence question sets as defined by company management, based on risk levels. 

Due diligence process support: Analyzing responses to questions, preparing due diligence reports, and communicating key findings to the compliance team for decision-making. 

Intelligence and background investigations: Conducting detailed research on companies, individuals, and beneficial owners of companies to gather intelligence, assess reputation, and examine backgrounds. 

Third-party audit: Conducting on-site or off-site audits of significant risks and controls pertaining to third parties.

Continuous monitoring: Conducting ongoing analysis, utilizing data analytics across multiple data sources to identify existing or emerging third-party issues.

Contact Us

Fikret Sebilcioğlu

Forensic & Integrity E-mail LinkedIn

Serhat Tümüklü

Forensic & Integrity E-mail LinkedIn

Case Studies

All Case Studies

Cerebra uncovered fraudulent activities of three senior executives in hidden relationships with a dawn raid

A multinational energy company (the client) was concerned about the costs of services received from a supplier for a critical project managed by its Turkish subsidiary (the victim company). The client requested Cerebra to investigate the reasons for this budget overrun and the suspicions surrounding the general manager, financial affairs manager, and accounting manager of the victim company, as well as the supplier. 

Read

Cerebra supported the victim company to recover loss of EUR 815.000 by uncovering fraudulent activities

Our client, a multinational food company, contacted Cerebra through their law firm in Turkey. The client suspected that their sales manager in Turkey had secretly established a firm with a distributor and was diverting company sales to this new entity. They requested Cerebra to calculate the potential loss caused by these suspicious activities.

Read

Cerebra provided forensic accounting services to a plaintiff in a widely publicized case concerning a bank manager's misappropriation of funds

In a high-profile case known to the public as the Seçil Erzan incident, the law firm representing one of the bank customers (client or plaintiff) contacted Cerebra to request a forensic accounting analysis of the plaintiff's account transactions, including an analysis of transactions in all foreign currencies, and to uncover any potential suspicious activities. 

Read

Cerebra uncovered irregularities committed by an accounting manager using fake physical documents and journal entries

Our client, one of Turkey's leading real estate investment companies, suspected an employee in the accounting and administrative affairs department of committing irregularities on reported expenses. Cerebra was assigned to investigate these suspicions. 

Read

Cerebra proved the conflict of interest and bribery schemes between the sales manager and a business partner

A multinational company with production facilities and sales offices across several continents contacted us through a Turkish law firm they collaborate with, to investigate suspicions about a sales manager working at their Turkish office. The suspicion was a possible hidden relationship between the sales manager and one of the company's customers. 

Read

Cerebra uncovered a multifaceted fraud case perpetrated by an employee with a gambling addiction

Our client, a supplier to globally recognized textile brands in Turkey, reported suspicions regarding the activities of their administrative affairs officer. In the defense statement obtained in this context, the suspect admitted to irregularities in the sale of two company vehicles and falsifying with some offers and invoices.

Read

Cerebra identified the misconduct of a senior executive, leading to the recovery of USD 12 million worth of stolen assets

A family-owned company, ranked among Turkey's top 100 industrial firms, reached out to Cerebra. The company’s shareholders suspected that the senior executive in charge of international sales was involved in fraudulent activities related to discounts on significant transactions and requested Cerebra to investigate these suspicions. 

Read

Trusted by People

Ali Gürün

Sanmar Denizcilik Makina ve Ticaret A.Ş.

For forty-seven years, Sanmar has been manufacturing and supplying tugs to many countries around the world. The company builds vessels at its purpose-built, state-of-the-art Altinova and Tuzla shipyards, located in the heart of Turkey's shipbuilding industry. In addition, with its young fleet, trained and...

All Testimonials

Sriram Ganeshan

Redington

We have engaged Cerebra across a wide spectrum of professional engagements including due-diligence, internal audits and process reviews. What stood out in each of the assignments was the involvement of team members with the necessary subject matter expertise. This brought in immense value...

All Testimonials

Christopher H. Rising

Global Risk & Investigative Diligence, LLC - USA

Selecting Cerebra CPAs & Advisors to assist my firm and its clients proved to be one of the wisest decisions we have ever made. My firm was engaged by a global corporation based in the U.S. to conduct a complex fraud investigation involving its acquisition of a local company in Turkey.

All Testimonials

Ufuk Kızıltan

Samet Kalıp ve Madeni Eşya San.ve Tic. A.Ş.

Samet Kalıp is the leading brand in the furniture accessories industry in Turkey and the world with its production facilities, extensive dealer structure and exports to more than 80 countries in five continents. As Samet Kalıp, we have been in close cooperation with Cerebra for many years on...

All Testimonials

Insights