This check is done typically on a prospective business partner and it includes the following:

Business history including Operational, Financial and Statutory compliance. It    also covers violation of Foreign Corrupt Practices Act or cases involving Money    Laundering

Technology Due Diligence or Capability Assessment

Background of the Owners and Principal Officers including likely Conflicts of
   Interest and possible contests for corporate control

History of Criminal or Civil Litigations including Undisclosed Liabilities