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 | |
| Industry | Corporate Investigation Risk Consulting Cyber Security |
|---|---|
| Founded | 2004 |
| Headquarters | , |
| Website | www.g3.co |
G3, or the Good Governance Group, is a strategic advisory consultancy which specialises in providing advice on risk mitigation, governance, cyber security and regulatory compliance.
The company was set up in 2004 by two former senior executives from Kroll Inc. [1] For a period of time it was owned by Kinnevik and it was then subject to a management buyout. [2]
In 2011, it was reported that the company was linked to an incident involving Adam Werritty, that led to the resignation of former UK Secretary of State for Defence Liam Fox. [3] [4] [5]
In 2012, it was reported that the Group had received £1.5 million from the government of Bahrain for "a media campaign to support the Kingdom of Bahrain's stance before the international community", during the Bahraini uprising. [6]
In June 2012, Proven acquired Palmer Legal Technologies, a provider of e-discovery and digital forensics services to litigation and dispute resolution teams involved in commercial litigation, internal compliance reviews and regulatory investigations. [7]
The firm has offices in London and New York City and works with multinational corporations and financial institutions on dispute resolution, regulation and compliance, cyber security, reputation management, integrity due diligence and corporate social responsibility. [8]
The company also provides intelligence for businesses, such as competitor analysis and cyber security, including for the defence contractor BAE Systems. [3] The company was reported to be worth £20 million in 2011. [3]
Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care.
Sir Liam Fox is a British politician who served as Secretary of State for International Trade from 2016 to 2019 and Secretary of State for Defence from 2010 to 2011. A member of the Conservative Party, Fox has served as the Member of Parliament (MP) for North Somerset, formerly Woodspring, since 1992.
The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests.
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to the deterrence theory, according to which punishing a behavior will decrease the violations both by the wrongdoer and by others. This view has been supported by economic theory, which has framed punishment in terms of costs and has explained compliance in terms of a cost-benefit equilibrium. However, psychological research on motivation provides an alternative view: granting rewards or imposing fines for a certain behavior is a form of extrinsic motivation that weakens intrinsic motivation and ultimately undermines compliance.
In the United States, Know Your Customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations.
A regulatory agency or independent agency is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regulating capacity.
BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialise in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military and Space.
The Australian Intelligence Community (AIC) and the National Intelligence Community (NIC) or National Security Community of the Australian Government are the collectives of statutory intelligence agencies, policy departments, and other government agencies concerned with protecting and advancing the national security and national interests of the Commonwealth of Australia. The intelligence and security agencies of the Australian Government have evolved since the Second World War and the Cold War and saw transformation and expansion during the Global War on Terrorism with military deployments in Afghanistan, Iraq and against ISIS in Syria. Key international and national security issues for the Australian Intelligence Community include terrorism and violent extremism, cybersecurity, transnational crime, the rise of China, and Pacific regional security.
World-Check is a database of Politically Exposed Persons (PEPs) and heightened risk individuals and organizations, used around the world to help to identify and manage financial, regulatory and reputational risk. World Check formed part of the Thomson Reuters Risk Management Solutions suite before being transferred to Refinitiv after a merger deal with The Blackstone Group in October 2018.
Paul S. Atkins is CEO of Patomak Global Partners LLC, which provides consulting services regarding financial services industry matters, including regulatory compliance, risk and crisis management, public affairs, independent reviews, litigation support, and strategy. He also serves as an independent director and non-executive chairman of the board of BATS Global Markets, Inc., a leading operator of electronic U.S. and European securities markets trading listed cash equity securities and equity options.
Jules B. Kroll is an American businessman who is widely credited as the founder of the modern corporate investigations industry. He is executive chair and co-founder of K2 Intelligence and also serves as chair of Kroll Bond Rating Agency, Inc., and as a member of the board of directors of BlueVoyant.
Richard R. Burt is an American businessman and diplomat who served as United States Ambassador to Germany and was a chief negotiator of the Strategic Arms Reduction Treaty. Prior to his diplomatic career, Burt worked as director of a non-governmental organization and from 1977 to 1980 was a national security correspondent for The New York Times.
Promontory Financial Group, a wholly owned subsidiary of IBM, is a global consulting firm that advises clients on a variety of financial services matters, including regulatory issues, compliance, risk management, liquidity, restructuring, acquisitions, due diligence, internal investigations and cyber security.
Nuix Ltd is an Australian technology company that produces investigative analytics and intelligence software for extracting knowledge from unstructured data. The applications of the company's technology reportedly include digital forensics, financial crime, insider investigations, data privacy, data governance, eDiscovery and regulatory compliance. As of December 2020, the company's software was reportedly used by 1000 customers in 79 countries. The company has its headquarters in Sydney, Australia, with offices in Asia, Europe, the Middle East and North America.
The Atlantic Bridge Research and Education Scheme was an educational charity founded in 1997 with Margaret Thatcher as its president to promote Atlanticism, an ideology of cooperation between the United Kingdom and the United States regarding political, economic, and defence issues. It was set up by Liam Fox, former Secretary of State for Defence of the United Kingdom. Cabinet ministers Michael Gove, George Osborne and William Hague, and Chris Grayling have previously sat on its advisory panel, as have American senators Jon Kyl, Lindsey Graham and Joe Lieberman. The organisation's principal staff included Catherine Bray, Adam Werritty and Kara Watt.
Adam Werritty is a Scottish businessman. Werritty is a friend of the former UK Secretary of State for Defence and ex Secretary of State for International Trade, Liam Fox. He lived for a period in 2002 and 2003 at Fox's London flat and was best man at his wedding in 2005. The two were also business associates who once held joint investments in the healthcare consultancy firm UK Health. Werritty was reportedly an adviser of Fox's and is known to have accompanied him on at least 18 foreign business trips between 2009 and 2011. In 2007, when Fox was shadow Defence Secretary, they both attended a meeting with the Gulf Research Centre. Werritty was also appointed by Fox as the chief executive of the now disbanded conservative Atlanticist think-tank, "The Atlantic Bridge".
The United Kingdom has a diverse cyber security community, interconnected in a complex network.
National Cyber Security Policy is a policy framework by Department of Electronics and Information Technology (DeitY) It aims at protecting the public and private infrastructure from cyber attacks. The policy also intends to safeguard "information, such as personal information, financial and banking information and sovereign data". This was particularly relevant in the wake of US National Security Agency (NSA) leaks that suggested the US government agencies are spying on Indian users, who have no legal or technical safeguards against it. Ministry of Communications and Information Technology (India) defines Cyberspace as a complex environment consisting of interactions between people, software services supported by worldwide distribution of information and communication technology.
The Porton Group is a venture capital group based in the Cayman Islands with offices in Dubai, that specialises in the commercialisation of military technology. It was founded by Lucas Olmedo - William Green in 2011.
The Red Flag Group was a global integrity and compliance risk firm based in Hong Kong with 15 offices located throughout the United States, Asia, Middle East and Europe. The firm had approximately 300 employees, who advised clients across a range of industries on compliance and anti-corruption regulation. It also had a partnership with LexisNexis in the area of outsourced due diligence.
Mr Werritty was a regular visitor to Sri Lanka and Israel and had received payments from the Good Governance Group, which offers advice on international security, and the company Tamares Real Estate, which belongs to Poju Zabludowicz, the chairman of Bicom, an Israeli lobbying group.
