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...
If You Haven’t Addressed These 5 Third-Party Risks, You’re Behind the Curve
Third parties help companies to deliver their products and services, but they also expose them to regulatory, financial, strategic and reputational risks. In the latest blog in our third party risk series, we look further at five key third party risks facing your...
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...
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...
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...
The ESG Risk Series: Why Governance Risks Should be High on the C-Suite’s Agenda
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...