- Third-party risk
Every organization is at risk from the actions of vendors, suppliers or partners, and yet 41% of organizations have never screened their third-party connections (according to the 2018 survey report: "Revealing the true cost of financial crime"). Do you really know who you’re working with?
Our take on third-party risk in 60 seconds
Safeguard your organization from exposure to third parties who have breached financial crime legislation or displayed unethical business practices. Detect and access risks in your third-party associations, no matter where they are in the world.
To comply with global legislation on anti-bribery, anti-corruption, and associated financial crime, you need to conduct regular screening, monitoring, and assessment for risks.
Make sure all of your business relationships are built on solid foundations, satisfy regulators, and also meet shareholder and customer expectations around corporate responsibility, reputational risk, and transparency. To truly know who you’re doing business with, you need to use third-party risk management workflows, informed by accurate, comprehensive, and inter-connected risk data sources.
We need to avoid fragmented data created by using multiple platforms for integrity concerns, such as adverse media and more abstract risks garnered through questionnaires.
Here are the essentials
Move your business forward with high-quality data, augmented by advanced technology with a comprehensive third-party risk taxonomy.
New technologies augment our in-depth research processes and human expertise, so you get up-to-date, inter-connected, and accurate data.
Build solid relationships - access to a wealth of critical third-party risk intelligence through our enterprise business and partners.
Viewpoint: Third-Party Risk Insight Survey
Companies have highlighted a lack of comprehensive risk content coverage, disjointed and inefficient workflows, lack of monitoring and collaboration tools, and poor ability to implement a risk-based approach as key challenges.
Our latest thinking
FCPA fines show bribery and corruption risk
A name matching tool for sanctions risk
How we're fighting financial crime in 2020
How Enhanced Due Diligence can help identify key threats
Leave nothing to chance
Protect yourself against regulatory and reputational damage. Our Enhanced Due Diligence reports deliver detailed background checks on any entity or individual, anywhere in the world. Our research provides comprehensive and well-structured reports so you can identify key issues relating to bribery, corruption, and financial crime among others.
I don’t think there is another player that can do this as well as Thomson Reuters [Refinitiv].
Find out more
Country Risk Ranking
We're here for you
Have questions? We're here to help. Talk to a real person and get the answers that matter most.