An increased focus on global regulatory compliance has resulted in highly publicized incidents of corruption and bribery–placing greater pressure on corporations to take a closer look at their third-party and joint venture relationships. For corporate boards, legal counsel and compliance officers, this means evaluating the risk associated with your business relationships. Doing so can help you preserve brand integrity and business continuity, while protecting against lawsuits, fines and other undesirable consequences of a regulatory violation.
Kroll supports corporate third party risk management programs by:
- Segmenting third parties to drive risk-based due diligence decisions
- Facilitating the on-boarding of third parties through Kroll’s Compliance Portal
- Performing risk-based due diligence to support their third party compliance program