How Risk Managers Benefit from Using Quality Data
When it comes to the data used for predictive modeling and risk management, you can’t afford to leave anything to chance. Risk managers today have an ever-increasing number of AI applications and risk management tools to improve risk visibility and expedite their...
How Risk Managers Benefit from Using Quality Data
When it comes to the data used for predictive modeling and risk management, you can’t afford to leave anything to chance. Risk managers today have an ever-increasing number of AI applications and risk management tools to improve risk visibility and expedite their...
Supply Chain Transparency, Ethics, and Technology for Due Diligence
For decades, consumers have steadily increased their prioritization of buying goods from companies that value human rights and environmental sustainability—this includes every step of the supply chain. Ethically sourced food involves a wide range of sustainability...
The Changing Roles of Risk Managers in the Age of Data, Technology, and AI
Risk management is paramount to the upkeep and success of a business. To make sure you are staying compliant, you should continuously check all operations for potential pitfalls, like illegal trades or unsavory business partners or unstable prospects. But what...
Nexis Diligence+™︎: Taking Your Due Diligence to a Higher Level
When it comes to business, it’s important to have high standards—especially when evaluating risk and protecting your reputation. To do so requires a comprehensive due diligence process that’s powered by information that you can trust. And with so many other responsibilities...
Recent Regulatory Enforcement Show Need for Due Diligence
Alleged compliance breaches have led to combined fines and settlements worth hundreds of millions of dollars in Q2 of 2023. Regulators have taken enforcement action against companies over their activities in jurisdictions spanning four continents. In this blog...
9 Steps For Better Third-Party Anti-Bribery and Corruption Due Diligence
Companies operating in today’s global business environment must navigate ever-strengthening anti-bribery and corruption regulations. Some of the most significant recent enforcement actions against companies arose from alleged due diligence failures, leading to...
New Wolfsberg Principles Warn Global Banks of the Risk Factors That Require Enhanced Due Diligence
The Wolfsberg Principles are widely regarded as authoritative guidance for how financial institutions should respond to the rising risks of bribery and corruption. New guidance has recently been released for the first time in six years. We unpack its main recommendations...
Global Trend Towards Mandatory Human Rights Due Diligence Accelerates as German Law Comes Into Force
Germany’s Supply Chain Due Diligence Act has been effective since 1 st January 2023. The new law requires large companies operating in Germany to carry out human rights and environmental due diligence on their business and its suppliers. Now, many countries are...
The Global Impact of ESG Legislation
ESG screening, or environmental, social and governance screening, is becoming an increasingly important part of due diligence for companies around the world. Legislation mandating ESG due diligence is being introduced in many countries, and even where it is not...
Stop the Risk: Asking the Right Questions for Complete Due Diligence
With the rise of mandatory due diligence legislation, it is no longer sufficient for compliance officers to screen a third party for indicators of bribery and corruption alone. Effective due diligence in the modern business environment should also encompass Environmental...
Wolfsberg Principles on anti-bribery and corruption for financial services
New Wolfsberg Principles warn global banks of the risk factors that require Enhanced Due Diligence on a wide range of data The Wolfsberg Principles are widely regarded as authoritative guidance for how financial institutions should respond to the rising risks...
Stark reminder of the costs of compliance failure as US regulator fines telecoms firm after alleged Deferred Prosecution Agreement breach
A multinational telecommunications company has pleaded guilty to breaching the anti-bribery provisions of the US Foreign Corrupt Practices Act and must pay a $206 million penalty. In this blog, we look at the judgement by the US Department of Justice, and highlight...
The 6 Types of Datasets Critical to Your Due Diligence Investigations
If you're a decision-maker in a company, you know how much weight is put on making the right decision for your company. And, with increasing ESG regulation and consumer expectations of ethical practices, it is more important than ever that you take your initial...
Why Managing Reputational Risk is Key to Your Business Success
Are you managing reputational risk as effectively as you should? Every year, the Axios Harris Poll 100 surveys 40,000+ Americans on companies on consumers’ radar—for good or for bad. Then, the Top 100 companies on the list are ranked across seven key dimensions...