What are the operational threats to your business?
As you operate within a third party ecosystem that crosses multiple jurisdictions, your business could be threatened by a wide variety of regulatory and compliance threats. These may include sanctions violations, corruption, human trafficking, money laundering and violations of other international regulations.
You need to have a clear look into the threat profiles of vendors, suppliers, customers and distributors – to assess relationship criticality, jurisdiction, industry and financial stability.
Addressing multi-party downstream risk through your organization’s governance and compliance programs is no simple undertaking. But consider it crucial. Relationships with and among subsidiaries, joint-venture partners, agents, contractors, intermediaries, and other counterparties continue to trigger enforcement actions under the U.S. FCPA and amid a growing global anti-corruption movement.