Refinitiv acquired The Red Flag Group to expand its due diligence offerings

The global provider of financial market data and infrastructure Refinitiv recently announced to have acquired the Red Flag Group, a global integrity and compliance risk firm to expand its suite of due diligence offerings with the addition of a leading provider of workflow, data, due diligence and ratings solutions that help corporate compliance customers to evaluate money laundering, bribery and corruption, reputational and ESG risk. 

“This is an exciting combination for customers of both companies as we will be bringing together the capabilities of two highly complementary businesses,” said Phil Cotter, Managing Director of the Risk business at Refinitiv. “The Red Flag Group’s strong corporate customer base and customer-facing technology complement our traditional strength in financial services, rich and diverse datasets and automation capabilities. I look forward to welcoming our new colleagues at The Red Flag Group to Refinitiv.”

​“We chose to join Refinitiv because they offer the prospect of further growth and investment,” said Scott Lane, Founder and CEO of The Red Flag Group. “The opportunity to build an extensive suite of due diligence products and capabilities to better serve our growing customer base is an exciting prospect.”