---
title: "GB-Sheffield: Fraud & Financial Crimes Enhanced Due Diligence Review"
ocid: "ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BRITISH BUSINESS BANK"
published: "2023-04-20"
---

# GB-Sheffield: Fraud & Financial Crimes Enhanced Due Diligence Review

Buyer: BRITISH BUSINESS BANK  
Current stage: Award  
OCID: ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a

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## Summary

The British Business Bank based in Sheffield has awarded a 3-month contract worth £69,540 to Eversheds Sutherland (International) LLP for Fraud & Financial Crimes Enhanced Due Diligence Review services. The contract requires Quality Control and Enhanced Due Diligence Reviews focusing on high-risk factors, money laundering and terrorist financing risks.

This tender presents an opportunity for businesses providing financial auditing services to compete for contracts related to fraud and financial crime risk mitigation. Companies with expertise in quality control, due diligence, and financial crime detection would be well-suited to engage in this procurement process. The contract period ranges from March 29, 2023, to June 29, 2023, with the deadline for tender submissions on March 28, 2023.

## Notice

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 PS69,540.00

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5d8ab240-4cc3-4097-a684-c1b349870bf5 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Apr 2023 |
| Submission deadline | 27 Mar 2023 |
| Future notice date | Not specified |
| Award date | 27 Mar 2023 |
| Contract period | 28 Mar 2023 - 29 Jun 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £69,540 |
| Lots value | Not specified |
| Awards value | £69,540 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BRITISH BUSINESS BANK |
| Locality | SHEFFIELD |
| Post town | Sheffield |
| Postcode | S1 2GQ |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EVERSHEDS SUTHERLAND (INTERNATIONAL |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212100 - Financial auditing services

## Release History

- 20 Apr 2023 at 12:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5d8ab240-4cc3-4097-a684-c1b349870bf5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5d8ab240-4cc3-4097-a684-c1b349870bf5
  20th April 2023 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=776751078
  Please follow this link to view the notice.

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-920f10ca-75db-4b3a-9b4e-f8f6eb26d26a.json.