The global economy in 2025 will be characterized by fluctuations in inflation, material costs and growth rates across different jurisdictions. Only organizations that can identify and manage these risks will be able to successfully navigate this challenging...
While many nonprofits are well-aware of the importance of conducting donor research as part of the fundraising process, there are still plenty of aspects of due diligence worth learning about. Donors have the potential to bring financial or reputational...
Nonprofits face an uphill battle at the end of every year when “Giving Season” hits hard. The needs to balance incoming donations, pursue new and old donors, and meet specific year-end goals seem to pile up in the fourth quarter, and there...
As issues around sustainability, human rights and social responsibility continue to dominate headlines, corporations are facing increased pressure to prioritize Environmental, Social and Governance (ESG) in their business strategies. This has been true...
In the last month, some of the world’s biggest banks have faced votes from investors to improve their ESG investments and climate records. This is just the latest evidence that a growing proportion of shareholders, employees, and consumers want...
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...
February 2024 marked two years since the latest conflict in Ukraine began. As well as its tragic impact on so many lives, the war has also brought new third-party risks which companies need manage–or face supply chain interruptions or even enforcement...
Recent years have been characterized by supply chain disruption–from Covid-19 to the Suez blockage to the invasion of Ukraine. Moreover, companies who fail to identify and manage illegal or unethical activity in their supply chain face increasing...
Performing due diligence on third-party entities is a crucial part of any risk management program. However, traditional manual approaches often fall short, proving inadequate for regularly screening large volumes of partners, vendors, customers and more...
While global supply chain risk is certainly not new, our need and ability to identify and assess it quickly affects every facet of our businesses. From the ESG expectations of consumers and the increasing global regulations to company board and c-suite...
Top Risks to Address for Third Party Due Diligence Only have a minute? Watch this quick video for a summary of the key points of the article. Third parties help companies to deliver their products and services, but they also expose them to regulatory...
This year’s Kroll 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...
Millions of companies around the world have been impacted by regulations that 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...
Starting in 2024, US companies operating within the European Union face new legal directives – the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD/CS3D) --that increase their...
There have been major developments driving rapid regulatory changes across the world with regards to financial crime monitoring. In this blog, we explore seven ways companies should respond to these emerging regulatory risks. Implementing these best...