Additional Due Diligence Options for When You Need to Know More
NAVEX Global’s partnership with PSA enables clients to uncover additional third-party information to address risks, meet standards for effective compliance programs, and achieve peace of mind.
Due diligence as part of an effective compliance program
When pursuing an effective third-party risk management and due diligence program, it is essential to understand when and where additional insights are required. Guidance on compliance programs from the US Department of Justice and other regulators require companies to construct effective, risk-based programs in order to limit violations. To meet standards for an effective compliance program, due diligence research beyond standard screening and monitoring will likely be necessary for some third parties. Elevated levels of scrutiny may be required whenever a third party:
- is in a high-risk or low-information jurisdiction
- is part of a higher-value or higher-impact transaction
- is flagged for adverse issues
- is otherwise identified by RiskRate to be in a high-risk tier
Download the datasheet to learn more.