Illustration – 3rd Party Series #2 – 3rd Party Anti-Corruption Management

Illustration – 3rd Party Series #2 – 3rd Party Anti-Corruption Management
Illustration filed in Anti-Corruption

Managing third parties for bribery and corruption risk requires a consistent, technology supported approach.

Managing third parties for bribery and corruption risk requires a consistent, technology supported approach.

Third party management must include: assessing risk, conducting due diligence and analysis, delivering training, invoking controls, ongoing monitoring, and periodic re-evaluation. A consistent method to risk score each relationship and a book of record for each third party ensures a systemic understanding of relevant information and a well documented audit trail.

 

Developed by OCEG with contributions from Hiperos and MetricStream.

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