Download Illustrated Guide #2: Third Party Anti-Corruption Due Diligence
Watch the video that accompanies the Third Party Anti-Corruption Due Diligence Illustrated Guide
Third Party Anti-Corruption Due Diligence: Part 2 of the OCEG Illustrated Guide Series
This multi-part series on Managing Anti-Corruption Risk focuses on the business processes that can both build organizational integrity and help mitigate the risks presented by bribery and corruption.
Third Party Anti-Corruption Due Diligence provides compliance, audit, legal and risk officers with an easy to follow, step by step guide that can help answer questions about how modern information management technology coupled with sophisticated analytics to prioritize third party risk mitigation activities is available and affordable to solve the problem the right way.
Bill Hauserman, Senior Vice President, Bribery and Corruption Risk Management, and key contributor to Third Party Anti-Corruption Due Diligence, commented on the expectations of regulators when it comes to measuring what makes an effective third-party due diligence system. "Regulators will want to see, not that there's a fool-proof system that stops all bribery, but that the organization has been serious and consistent in applying due diligence around the globe. The regulatory term is 'continuous due diligence to the balance of probability'.”
Hauserman went on to comment that organizations shouldn't be fooled into thinking that every due diligence system is the same. “An effective system doesn't necessarily include face-to-face investigations of every third party but rather sophisticated analytics that prioritizes third party risk mitigation activities and manages data centrally. Anything else - including manual spreadsheets - is just not best practice.”
Find out more about how SAI Global's anti-bribery anti-corruption solutions help you to implement adequate procedureswithin the context of your business risks.
Read about Part 1 in this Anti-Corruption Illustrated Guide Series: Managing Corruption Risk
Read about Part 3 in this Anti-Corruption Illustrated Guide Series: Anti-Corruption Issue Management
