Recent years have been characterized by supply chain disruption–from Covid-19 to the Suez blockage to the invasion of Ukraine. Moreover, companies who fail to identify and manage illegal or unethical activity in their supply chain face increasing...
Performing due diligence on third-party entities is a crucial part of any risk management program. However, traditional manual approaches often fall short, proving inadequate for regularly screening large volumes of partners, vendors, customers and more...
While global supply chain risk is certainly not new, our need and ability to identify and assess it quickly affects every facet of our businesses. From the ESG expectations of consumers and the increasing global regulations to company board and c-suite...
Third parties help companies to deliver their products and services, but they also expose them to regulatory, financial, strategic, and reputational risks. In this blog, we look at five key third party risks facing your company. Then, we explain how...
This year’s Kroll Financial Crime Report found companies are growing increasingly concerned that third parties are driving a higher risk of financial crime. We read through the report to pull out lessons for companies from this survey of 400 executives...
Millions of companies around the world have been impacted by regulations that mandate them to carry out ESG and human rights due diligence (HRDD) in the last few years–or they soon will be. These regulations bring new legal, financial, strategic...
Starting in 2024, US companies operating within the European Union face new legal directives – the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD/CS3D) --that increase their...
There have been major developments driving rapid regulatory changes across the world with regards to financial crime monitoring. In this blog, we explore seven ways companies should respond to these emerging regulatory risks. Implementing these best...
Financial crime regulations have changed rapidly in recent years–from Switzerland to Singapore, from Brazil to Bahrain. In this blog, we identify and summarize four major developments which are driving regulatory changes across the world to help...
Over the last five years, the dominant regulatory trend in global compliance has been the spread of legislation which mandates companies to carry out Human Rights and ESG Due Diligence (HRDD) on third parties and suppliers. This has significant implications...
Financial crimes, such as bribery and corruption, are becoming more common and more complex. One of the most common reasons for a company to become implicated in alleged financial crime is its exposure to the activities of its third parties and suppliers...
Global companies have been fined hundreds of millions of dollars for alleged compliance breaches in the last year. Whether the allegations against them related to bribery and corruption or breaches of new human rights due diligence legislation, a recurring...
Due diligence is a crucial step of any company’s business plan, especially when working with third parties like donors, board members or vendors. And within this often-overlooked sector is an even more undermined component: beneficial ownership...
Regulators increasingly require corporate and financial services firms to incorporate Environmental, Social and Governance (ESG) risks into their due diligence and reputational risk management processes. The year of 2023 alone has seen massive increases...
One of the major themes in compliance in recent years has been the rise of Human Rights Due Diligence (HRDD) legislation in Europe and the US. Now, this trend appears to be expanding into the Asia-Pacific region after a recent initiative by the Japanese...