KPMG survey: Compliance programs aren't reaching third-party risks

From The FCPA Blog –
“KPMG International recently released the results of its global anti-bribery and corruption survey in the report, Anti-Bribery and Corruption: Rising to the challenge in the age of globalization.

The report (available here in pdf) amplifies the growing bribery and corruption risks that third parties present and the challenges companies face in monitoring these intermediaries. It also examines companies’ lack of monitoring efforts in their own anti-bribery and corruption (ABC) compliance programs. And, it explores the compliance pressures organizations face as a growing number of governments have passed ABC regulations.”

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Third-party Risk Management: Building a Robust Approach

From Deloitte CFO Journal -

“The use of third parties is nothing new; companies have worked with suppliers, outsourcers, licensees, agents and the like for years. What has changed, however, is the frequency and scale of third-party use and the regulatory focus on how organizations are managing third parties to address the inherent risks.

Kristian Park, partner and leader of the Contract Risk and Compliance practice of Deloitte LLP in the United Kingdom, discusses the escalation in third-party risk and the ways organizations should be mitigating it, but often aren’t.”

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