May 02, 2024

Third Party Risk Checklist For Compliance Officers

Third parties are typically a company’s ma in exposure to legal, financial, reputational and strategic risks–and compliance officers are responsible for identifying and managing them. This checklist aims to support your compliance team by outlining ten important steps towards more effective third party due diligence –with help from LexisNexis.

April 30, 2024

Ten Trends We’re Tracking in Third Party Risk–And How Nexis® Solutions Can Help

Companies rely on global third parties and suppliers to deliver their products and services, but these third parties are increasingly becoming their main exposure to risk. In recent years, ten trends have emerged to change the type and scale of third-party risks. These developments bring forth new legal, financial, reputational, and strategic challenges for organizations. The following checklist addresses each trend...

April 05, 2024

10 Major Trends in Third Party Risks & Regulations

Companies rely on third parties and suppliers around the world to deliver their products and services efficiently and effectively. But these third parties are also becoming a company’s main exposure to legal, reputational, financial and strategic risk. Third party risk management has come to a tipping point in the last few years as ten major trends have emerged. Each trend has brought with it new risks which have...

March 19, 2024

Tipping Point: Ten Trends in Third Party Risk and How to Manage Them Effectively

Why is third party risk now at the top of a company’s agenda? Ten trends have come together to bring third party risk management to a tipping point. Seven of them are already in effect, such as global legislation requiring companies to take additional steps to monitor their third parties for bribery, corruption and human rights abuses. Three are predicted to impact companies soon, including a seismic shift in the...

January 31, 2024

Nexis Diligence+™: Unrivaled Content for Unrivaled Confidence

The Nexis Diligence+ solution goes beyond just public records or sanctions, combining sophisticated technology with a more comprehensive collection of global data to deliver in-depth, 360-degree assessments that you can trust. And with such a detailed view of the people and companies you’re vetting, you can make decisions with more confidence—and a good conscience.

January 31, 2024

Nexis Diligence+™: A Higher Standard in Due Diligence

Nexis Diligence+™ helps you mitigate reputational, regulatory, financial, and strategic risks by connecting you to the critical intelligence needed to confidently vet your customers, suppliers, partners, contractors, and other third parties—effectively and efficiently.

November 09, 2023

10 Steps to Support Sanction Compliance

Sanction compliance is a pivotal part of any business and should never be underestimated. The task of staying on top of relevant sanctions, monitoring new ones, and then crafting an intensive response to abide by sanctions that may impact business is not to be taken lightly. Here, we outline the key checkpoints for putting together a sanction strategy, enforcing necessary policies to implementing risk screening measures...

July 11, 2023

The New Era of Due Diligence

Due diligence has changed beyond recognition in recent years and continues to evolve at pace. Traditionally, it involved a team of compliance officers manually searching through legal documents and financial accounts to detect risks of doing business with a third party. But in 2023, that model is far from sufficient for a company to mitigate rising legal, financial, reputational and strategic risks. In this E-Book, we...

May 04, 2023

Supply Chain Transparency: Food and Beverage Standards and Regulation

Over the past few decades, the Food Sector has faced continued increases in regulatory requirements for compliance. Regulatory risk is, however, only one of the considerations this sector must evaluate. Increasingly, companies face risks to their reputations, finances, and strategic initiatives associated with the food supply chain. We dive into the challenges and why due diligence is so important for your compliance...

May 04, 2023

Top Features of Nexis Diligence™

Nexis Diligence™ can help you mitigate business risk by making it easier to vet and monitor clients, agents, partners, suppliers, investments, and other third parties in a quick and comprehensive manner. Global content and simple fill-in-the-blank search fields let you significantly reduce the time and expense of conducting comprehensive background checks. You can research entities, explore associated entity interests...

February 13, 2024

Due Diligence Checklist: A Step-by-Step Guide to Managing Third-Party Bribery and Corruption Risk in 2024

A due diligence checklist takes you step-by-step through the information you need to consider to help carry out a thorough investigation when you’re contemplating a new commercial relationship, a prospective business partner or monitoring an existing one. Some checklists offer a narrowly defined area of application. This is suitable if you are preparing for a business takeover or a real estate transaction, but inappropriate...

May 04, 2023

The Case for Building a Robust Sanction Compliance Program

Organizations must do due diligence to navigate a complicated web of sanctions—and it’s not just banks and financial institutions that are subject to the sanctions. Increasingly, companies across various industries have been the target of enforcement actions, most notably by the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC), which aggressively pursues sanctions violations by...

May 04, 2023

Risk Mitigation for Pharmaceuticals and Life Science

Patient safety, clinical trial management, mergers and acquisitions, research and development, sales and marketing, and pricing structures are all areas where failure to conduct due diligence and mitigate risk effectively can lead to reputational damage, financial loss, and regulatory enforcement action. In just a couple of decades, the pharmaceuticals and life sciences industry has changed beyond recognition in response...

February 21, 2023

Hidden in Plain Sight: Spotting Signs of Beneficial Ownership

Why beneficial ownership matters At the most fundamental level, financial services firms, and indeed all companies operating internationally, need to have confidence that the third parties that they deal with are who they say they are. Not only does doing due diligence assure compliance with the raft of national and international anti-money laundering (AML), anti-bribery and corruption (ABC) and know your customer (KYC...