How Third Parties Increase Risk For Global Business and What Organizations Can Do To Reduce Vulnerability

Faced with an increasing number of anti-corruption regulations, global business must conduct even deeper due diligence on third parties to ensure compliance and avoid the costly investigations, potential financial penalties and reputational damage when third parties fail to meet expectations. While managing and monitoring risk has always been an important business practice, an organization’s growing reliance on outsourcing to third parties has amplified the need for and led to an even more complex, regulatory environment.

Topics covered in this session included:

  • Regulatory environment and regulator’s expectations
  • Categories of risk that may impact your business
  • What defines a significant third-party relationship
  • If the rise of risk is a perception or a reality
  • How to effectively reduce third party risk
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