Third-Party Risk Management | KPMG | IM

Third-Party Risk Management

Third-Party Risk Management

Global transactions and regulatory enforcement increasingly compel companies to examine their business relationships in order to assess risk

Global transactions and regulatory enforcement increasingly compel companies to examine...

Global transactions and regulatory enforcement increasingly compel companies to examine their business relationships in order to assess risk, undertake informed negotiations and comply with regulatory mandates.

Our third-party risk management services are designed to assist clients in identifying and prioritising higher risk business relationships, implementing and enhancing overall due diligence processes and protocols as well as performing customised integrity due diligence on third parties based on varying levels of risk.
 
Our approach to helping organisations address third-party risk is informed by and responsive to a variety of globalization issues as well as regulatory compliance-drivers, including the U.S. Foreign Corrupt Practices Act (FCPA), the UK Anti-Briberty Act, anti-money laundering provisions of the USA PATRIOT Act, securities and exchange regulations, as well as consumer and data protection regulations globally.
 
Failure to adequately assess agents, distributors, consultants, business partners, logistics intermediaries and other third-party intermediaries (TPIs) to identify how they operate and the individuals standing behind the organisation can expose businesses to reputational damage, operational risk, and government investigations as well as significant monetary penalties and potential criminal liability.
 
Does your organisation:
  • Adequately manage the risks of increasing globalisation and dependencies on distant and and often unfamiliar business partners and vendors
  • Struggle with the increasing complexity of supply and distribution channels
  • Need help assessing reputational, regulatory and jurisdictional risk

Connect with us

 

Request for proposal

 

Submit

Contact