Vendor Onboarding Risk: How BGV Prevents Fraud

Vendor onboarding risk is often underestimated because it looks routine. Documents are submitted, bank details are shared, and approvals move forward. But in complex supply chains, this early stage is where many long-term risks quietly enter the system.
From shell entities and related-party vendors to misaligned bank accounts and compliance gaps, vendor onboarding risk rarely shows up as immediate fraud. Instead, it surfaces later as financial leakage, audit observations, operational delays, or reputational exposure.
This is where background verification (BGV) plays a critical role. By validating vendor identity, financial alignment, ownership structures, and compliance signals, BGV helps organisations prevent supply chain fraud before it embeds itself into operations.
Rather than slowing onboarding, structured vendor BGV creates clarity, accountability, and audit-ready trust—making it a foundational control for organisations managing scale, spend, and third-party dependencies.

Vendor Onboarding Risks: How BGV Prevents Supply Chain Fraud