What the Kroll Report Means for Your Business and How it Manages Third Party Financial Crime Risk
This year’s Kroll Fraud and 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...
Six Things to Know About Emerging HRDD Regulations
Millions of companies around the world have been impacted by regulations which 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 and reputational...
Four Regulatory Enforcements Against Alleged Third Party Compliance Failures
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 theme...
What the Ukrainian War Has Meant for Third Party Risk Management
From Stricter Sanctions to Broken Supply Chains: What the Ukrainian War has Meant for Third Party Risk Management February 2024 will mark two years since the latest conflict in Ukraine began. As well as its tragic impact on so many lives, the war has also brought...
Financial Crime is on the Rise. Here’s How Your Company Can Stay a Step Ahead
Financial crimes such as bribery, corruption and money laundering are becoming more common and more complex. One of the most common reasons for a company becoming implicated in alleged financial crime is its exposure to the activities of its third parties and suppliers...
Why We’re Paying Attention to Human Rights & ESG Regulations
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 for...
How Companies Can Spot Money Laundering Before the Fine
Prevent and Detect: How Companies Can Spot Money Laundering Before the Fine Companies are receiving ever larger fines for allegedly breaching anti-money laundering regulations–in fact, the total fines issued globally in 2022 was 50% higher than in 2021. As well...
Five AML Fines and Lessons
What Companies Can Learn From 5 Recent Fines by Global Regulators for Alleged Money Laundering Alleged breaches of Anti-Money Laundering regulations are leading to increasingly large fines against companies, as we have shown over the course of this AML Risk series...
AML Fines are on the Rise. Here’s How to Avoid
Anti-money laundering fines are up by 50%. Here's how your company can avoid being next Avoiding a breach of Anti-Money Laundering ( AML ) regulations–and the fine that follows–should be a priority for any company in 2023. The financial costs of a compliance...
Enriched Patent Data: The Secret Weapon in Powering Investment Decisions and Closing the ESG Reporting Gap
ESG investing strategies have been among the most profitable in recent years. But investors find it difficult to assess companies’ claims to be following Environmental, Social and Governance (ESG) principles. Patent data has proven very effective in testing these...
Why Understanding and Monitoring Sanction Lists is Crucial for Business Due Diligence
Sanctions are often hot topics of international news reports, especially as they relate to foreign governments and international relations. But, you may not realize that sanctions can be levied to any entity that violates regulations. Sanctions are also important...
Using Visualizations of Negative News to Monitor Your ESG Efforts
Organizations are facing more calls for Environmental, Social and Governance (ESG) accountability than possibly ever before. Investors want to know that the companies they own stock in are good stewards of the earth and responsible corporate citizens. Likewise...
Understanding Third Party Environmental Impacts is an Urgent Challenge--Effective Due Diligence Can Help
As environmental, social, and governance regulation is becoming a standard requirement--not only from government regulation but from shareholder representations, businesses need to think more about how they are incorporating it into their strategies. However, only...
Key Trends in Risk and Compliance in 2023
We are already more than halfway through 2023, so if your business isn’t up to date on all the newest trends and shortcuts in the realm of risk mitigation and compliance, suffice it to say you’re falling behind. This year, there is an even greater push on ESG...
The ESG Risk Series: How Due Diligence Helps to Protect Companies’ Reputations Against Social Risks
Regulators increasingly require corporates and financial services firms to incorporate Environmental, Social and Governance (ESG) risks into their due diligence and reputational risk management processes. ESG also brings opportunity: asset managers and investment...