Published date: 20 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 28 March 2023, 12am

Contract summary

Industry

  • Financial auditing services - 79212100

Location of contract

Any region

Value of contract

£69,540

Procurement reference

BIP776751078

Published date

20 April 2023

Closing date

28 March 2023

Closing time

12am

Contract start date

29 March 2023

Contract end date

29 June 2023

Contract type

Service contract

Procedure type

Not specified

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

Yes

Description

British Business Bank as the Contract Authority awarded a 3 month Contract to the Supplier Eversheds Sutherland (International) LLP for the provision of Quality Control and Enhanced Due Diligence Reviews in relation to the Future Fund (FF) portfolio.

The services required are the performance of Quality Control (QC) including but not limited to, checking and identifying areas of concern and advise on what Enhanced Due Diligence (EDD) is required where high risk factors have been identified. The EDD conducted will be to a standard that enables FF to meet its obligations to understand the nature and purpose of the business relationship with the investee company under the Regulation 28 of the MLRs and JMLSG 5.1.5 obligations, namely mandatory CDD checks requiring sufficient detail to assess the potential associated money laundering or terrorist financing risk.
The Contractors review will include identification of potential fraud and financial crime risks and provide a recommendation of potential mitigants to minimise the risks identified.

The total value for the 3 month contract shall be £69,540.00

More information

Links

Award information

Awarded date

28 March 2023

Contract start date

29 March 2023

Contract end date

29 June 2023

Total value of contract

£69,540

This contract was awarded to 1 supplier.

Eversheds Sutherland (International) LLP

Address

One Wood Street
London
EC2V 7WS

Reference

None

Supplier is SME?

No

About the buyer

Contact name

Senior Commercial Manager

Address

Steel City House
West Street
Sheffield
S1 2GQ
UK

Telephone

01142062134

Email

leila.hodson@british-business-bank.co.uk