Corra Group has expanded its due diligence services to further extend a series of background checks to Latin America, as well as the Far East and Middle East. As part of its business research expansion the El Segundo, CA based company will offer criminal and civil reports as well as Business Credit Reports for millions of companies in most nations.
“There is a lot of turmoil in Latin America right now,” said Corra Group Co-Founder, Gordon Basichis. “Venezuela, Argentina, Brazil are experiencing varying levels of instability. Crime has increased, and the economies of previously promising nations are in a downturn.
“We have clients that are looking to engage companies in Latin America,” said Basichis. “They want to provide goods and services to the businesses in Central America and South America. But they are wary, after they deliver, that they will not get paid. They are concerned that certain companies who have incorporated offshore, in the Caribbean may not be as legitimate as claimed. They are concerned the corporate principles may have criminal histories or checkered pasts. Private equity and venture capital groups have their own concerns—whether to invest in Latin American companies.
Basichis noted that Corra Group has been increasing its corporate research instruments in these areas. He explained that the company is constantly searching for new types of background checks they can provide to concerned clients.
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