Frontline compliance requires expert juggling
Posted on 04-18-2019 by Lisa Thompson

There’s no room for clowning about when it comes to risk management and maintaining the integrity of international business. According to records of ancient Chinese history, the armies of the Chu and Song states were facing each other in readiness for battle in 630 BC when a Chu warrior, Xiong... Read More

Amp Up Energy Sector due diligence with ongoing risk monitoring
Posted on 10-24-2018 by Lisa Thompson

A few years ago, we highlighted bribery and corruption vulnerabilities in the Energy sector, noting that “Companies linked to energy industries, in particular, face elevated risks in order to reap the equally high rewards.” But more recent events highlight the need for companies in this sector... Read More

3 Reasons to Combine Due Diligence & Risk Monitoring
Posted on 10-03-2018 by Lisa Thompson

Companies are exposed to regulatory, financial, reputational and strategic risks, and the number of countries and NGOs with compliance expectations is on the rise. The best way to proactively manage these expectations? Risk-based due diligence and ongoing monitoring. 1—Regulatory risks... Read More

Kroger Bags Reliance on Plastic as Part of Its Corporate Social Responsibility Commitment
Posted on 09-13-2018 by Lisa Thompson

Five trillion plastic bags. That’s the number of single-use (double, if you have a dog) bags used worldwide every year. To put that into perspective, the bags spread out side-by-side would cover an area twice the size of France says a U.N. report released on World Environment Day in June. And you... Read More

Why the Energy Sector Needs Better Due Diligence & Risk Monitoring
Posted on 08-23-2018 by Lisa Thompson

No industry is impervious to bribery and corruption risk, but companies linked to energy industries, in particular, face elevated risks in order to reap the equally-high rewards. It’s a topic we’ve touched on in blog posts on Unaoil and Petrobras . But anti-bribery and corruption regulations... Read More

FCPA Hangover: Whiskey Maker's $8M Settlement Puts Food & Drink Industry on Notice
Posted on 07-13-2018 by Lisa Thompson

The makers of Jim Beam whisky have paid $8 million to settle allegations of bribing government officials to enter the Indian market. The settlement is a timely reminder of the continued threat of FCPA enforcement action , and the particular risks posed by third parties in the food and drink industry... Read More

What Does Machine Learning Have to Do with Identifying Risk?
Posted on 05-09-2018 by Lisa Thompson

Machine learning is a branch of artificial intelligence whereby computers use algorithms to analyse data to identify patterns and build predictive models. With a minimum of human intervention, the models are automatically adapted to produce increasingly reliable and insightful results as they are exposed... Read More

2 in 3 countries have “high corruption burden”: Transparency International
Posted on 02-22-2018 by Lisa Thompson

The world’s most corrupt countries have been revealed in Transparency International’s 2017 Corruption Perceptions Index. The big movers in this year’s index are the UK, whose score has improved by eight points since 2012, and Australia, whose score has fallen by eight. Usual... Read More

Building a Case for PESTLE Risk Monitoring—Forecast environmental risk more accurately
Posted on 11-27-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring concludes with an exploration of the “E” risk—Environmental—and the diverse ways in which it impacts organizations. “Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you.” Those words... Read More

Building a Case for PESTLE Risk Monitoring— How to avoid legal pitfalls in your business and supply chains
Posted on 11-20-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with a deeper look at “L”—Legal risk—and how it can impact organizations enterprise-wide . In this fifth installment, we take a look at the legal risk factors that might affect your business, and reveal what you can do to avoid... Read More

Building a Case for PESTLE Risk Monitoring— How to anticipate Technological Disruptions
Posted on 11-14-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with a deeper look at “T”—Technological risk—and how it can impact organizations enterprise-wide. The World Economic Forum Global Risks Report 2017 states that: “The deep interconnectedness of global risks means that technological... Read More

Building a Case for PESTLE Risk Monitoring—See Socio-Cultural Risk More Clearly
Posted on 11-06-2017 by Ulyana Androsova

Our series on PESTLE risk monitoring continues with an exploration of the “S”—Socio-cultural—and how it influences supply-chain and third-party risk to global organizations. As organizations become more reliant on complex networks of suppliers and other third parties, the risks... Read More

Building a Case for PESTLE Risk Monitoring—How to Manage Economic Risk More Effectively
Posted on 10-23-2017 by Ulyana Androsova

In the second blog in our series on PESTLE risk monitoring, we look at the “E”—Economic—and the role economic factors play in terms of the supply-chain and third-party risks organizations face. Economics is at the core of every business. Defined as the production, consumption... Read More

Building a Case for PESTLE Risk Monitoring—Know the Political Landscape
Posted on 10-19-2017 by Ulyana Androsova

In the first blog in our series on PESTLE risk monitoring, we look at the “P”—Political—and the role political factors play in terms of the supply-chain and third-party risks organizations face. If 2016 taught us nothing else, it certainly demonstrated that the global political... Read More

3 Ways Risk Monitoring Aids in FCPA Compliance
Posted on 05-30-2017 by Ulyana Androsova

While the White House has been inching forward with its promise to reduce regulatory burdens on business, the rumor mill gone into overtime with speculation about what that could mean for enforcement of the Foreign Corrupt Practices Act (FCPA). In its coverage of the recent Anti-Corruption, Export Controls... Read More

New EU regulation calls for improved mineral supply chain due diligence
Posted on 05-10-2017 by Ulyana Androsova

After three years of negotiations, the European Parliament—and subsequently the EU’s Council—approved a new regulation requiring importers of certain minerals from conflict-affected countries to meet supply chain due diligence requirements. While full enforcement is not required until... Read More

International Women’s Day: #BeBoldForChange and Modern Slavery
Posted on 03-08-2017 by Anna Stevens

Today is International Women's Day, a global day celebrating the social, economic, cultural and political achievements of women. It also marks a call to action for accelerating gender parity. Visit http://www.internationalwomensday.com/ for more information. This day is a good moment to shine a light... Read More

4 Types of Risk to Watch for in your Supply Chain and Third-party Networks
Posted on 02-13-2017 by Ulyana Androsova

In a globalized business environment characterized by increasingly complex supply chains, companies need to monitor a wide range of sources to detect warning signs of supplier risk before they cause legal, financial or reputational damage. This article identifies some of the biggest risks to companies... Read More