Japanese and Chinese companies are on something of a spending spree, and are particularly interested in acquiring assets in the United States. But before committing to transactions, buyers will want to know exactly what they are buying and this includes the nature and extent of a target company’s third party risks. Compliance Insider® managing editor Stephen Mulrenan reports on how recurring due diligence can benefit target companies and why it is a vital component of an overall ongoing monitoring strategy around managing third party risks.
Policy management and compliance
With competing requests, IT often don’t get a chance to make changes to websites (they have bigger and bett...
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Most Recent Flipbooks
Charting the technological and strategic transformation of the Procurement department
The role of the CPO has grown in influence as C-Suite leadership recognises the value of savings and efficiencies procurement provides...
Whitepaper: Data privacy considerations for implementing a whistleblowing hotline in the EU
Reconciling the needs of a compliance programme to have a method of receiving issues through a hotline (whether anonymous or not) with the need to protect the privacy of the data requires some...
Certified for Compliance
Certified For Compliance® is The Red Flag Group’s suite of ISO advisory services designed to ensure organisations meet ISO best practice requirements.
Adaptive online compliance training
A new method of online compliance learning uses adaptive training techniques to train an entire employee population with one compliance course that changes with employees’ unique tasks at a company.
Our Annual Report 2016/2017
The Firm saw another record year in revenue in 2016/17. Growth was seen across all regions and products, with some of our largest clients now located outside of the United States.
Using human resources to make compliance more effective
While many practitioners do not initially consider HR as a key component of a compliance solution, it can be one of the linchpins in spreading a company’s commitment to compliance throughout the...
Analytics in compliance
With the industry also increasingly encouraging the commoditisation of various compliance products and services, it is more important than ever that compliance professionals seek holistic solutions.
The complete guide to the 23 risk areas
Understanding your third party is more than just knowing the list of your third parties. Knowing your third party means that, you understand precisely the work they do for you, how they do it and why.
Integrity due diligence in 30 points
The Red Flag Group has seen a significant increase of interest into a variety of risks that extend beyond the previously narrow focus of many companies.
Human rights and multinational business
This paper demonstrates that the sanctions and best-practice recommendations on the energy and resources sector consequently extend to all producers and consumers.
AML breach rise in Hong Kong confirms need for KYC compliance
Investigations by the SFC revealed unsatisfactory monitoring and inadequate reporting of suspicious transactions across a number of nancial institutions in Hong Kong, according to Reuters.
Policy management and compliance
With competing requests, IT often don’t get a chance to make changes to websites (they have bigger and better things to manage). Left unmanaged, intranet pages become a confusing mess of policies.
Special report: Work with a dedicated compliance partner to better serve your clients
Many companies see the value in working with compliance-specific consulting firms such as The Red Flag Group to conduct due diligence, background checks, risk assessments, and improve compliance.
Best practices in distributor audits
An audit of distributors needs to be focused, with appropriate methods used to obtain information that is useful, relevant and, above all else, actionable.
Importance of a KYC process for every company
While there are regulatory requirements for banks and insurance companies to ‘know’ their customers, there is no legal obligation for non-financial organisations to conduct integrity screenings.
Supplier codes of conduct
Many companies are starting to recognise the importance and value of having a written code of conduct for their suppliers and other third parties.
Building effective compliance programmes for third parties
As the compliance function becomes increasingly sophisticated, organisations are realising that it is the third parties acting on its behalf that actually causes the most significant compliance risk.
European codes of conduct
The best practices for codes are evolving. Companies that have never had a code are drafting them for the first time.
Best practices in conducting FCPA / anti-bribery due diligence
Any organisation that sells through channel partners should have a due diligence programme in place, where it conducts proactive integrity analysis on its channel partners prior to engaging them.
The importance of corporate gift and entertainment policies