With continued bribery and corruption enforcement actions high on the agenda of the regulators, companies should be looking to raise the bar on the due diligence of their third parties, both at onboarding and as part of a continuous monitoring process.
May 25, 2017 posted by Aravo
April 10, 2017 posted by Aravo
Third party risk management is a complex discipline, that combined with the scale, complexity, and change dynamics of any Global 2000 organization, can often lead to false starts with technology implementations.
It’s important to get enterprise software purchase decisions right – they are the fulcrum of successful third party risk programs for the business, they impact on the adoption and performance of many internal users across the enterprise, and they can have an impact on the careers of those selecting them.
Topics: FCPA, risk and compliance, Anti-Bribery and Anti-Corruption, OCC, third party risk management, Data Security & Privacy, Registration & Qualification, Conflict Minerals, GDPR, General Data Protection Regulation, aravo, ABAC, risk mitigation, sustainable procurement, regulatory risk, tprm
December 07, 2016 posted by Kimberley Allan
France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption
France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.