Blog

Empowered Third Party Due Diligence: Aravo and Dow Jones Risk & Compliance

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.

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Topics: risk and compliance, Anti-Bribery and Anti-Corruption, third party risk management, ABAC, governance, regulatory risk, Dow Jones, due diligence, audit, workflows, reporting, risk-scoring

What do I need to ask when buying a Third Party Risk Management (TPRM) solution?

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.

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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

What will 2017 Hold for Bribery & Corruption Enforcement?

8 reasons why anti-bribery & corruption compliance should be a focus for multinationals

If January is anything to go by, 2017 is set to be another year for headline-grabbing regulatory sanctions against organizations for bribery and corruption violations.  The year has already seen significant enforcement activity on both sides of the Atlantic.

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Topics: Anti-Bribery and Anti-Corruption, third party risk management, Corruption Enforcement, Corruption, Global 2000, Fraud, Bribery, compliance programs

French ABAC Laws: Sapin 2

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.

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Topics: Anti-bribery & Anti-corruption, risk and compliance, Anti-Bribery and Anti-Corruption, third party risk management, aravo, ABAC, France, Sapin 2

Reducing Regulatory Risks & Achieving Third-Party Compliance in Mining

Multi-million dollar fines, bad publicity, even jail time for executives—mining companies have a lot at risk in the area of regulatory compliance. In Ernst & Young’s report Business risks facing metals and mining 2016-2017, two of the top ten trends relate to transparency and compliance. Government are cracking down on corruption, and NGO’s and journalists are fueling social movements expressing concern over workplace safety and ethical sourcing.

One area deserves attention from mining and metals companies: third-party compliance.

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Topics: FCPA, Anti-Bribery and Anti-Corruption, Mining, third party risk management, Responsible Sourcing, Conflict Minerals

FCPA Third-Party Risk and Compliance for Pharmaceutical Companies

Around the world, governments are getting stricter about enforcing anti-bribery and anti-corruption regulations such as the U.S. Foreign Corrupt Practices Act (FCPA), the U.K. Anti-Bribery Act, and other national laws modelled on the OECD Anti-Bribery Convention. These regulations forbid bribery and corruption by companies and their third-party partners, including resellers, distributors, and marketing agencies.

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Topics: Pharma, FCPA, Anti-Bribery and Anti-Corruption