Third-party integrity risk
Third-party integrity risk
Issue

Third-party integrity risk

Our third-party risk management solutions are focused on assisting clients identify and prioritize higher risk business relationships, implementing and enhancing overall due diligence processes and protocols as well as performing customized integrity due diligence (or corporate intelligence) of third parties based on varying levels of risk.

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 solutions are focused on assisting clients identify and prioritize higher risk business relationships, implementing and enhancing overall due diligence processes and protocols as well as performing customized integrity due diligence (or corporate intelligence) of third parties based on varying levels of risk, while providing the additional benefit of an objective and independent perspective from a reputable global firm that includes more than 3,000 forensic professionals. Our approach to third-party risk management is informed by and is responsive to a variety of global risks as well as regulatory compliance-drivers, including the U.S. Foreign Corrupt Practices Act (FCPA), the UK Anti-Bribery Act, AML, the USA PATRIOT Act, securities and exchange regulations and as well as consumer- and data-protection regulations in the U.S. and globally.

Failure to adequately assess agents, distributors, joint venture partners, logistics intermediaries and other partners to know how they operate and the individuals standing behind the organization, can expose clients to reputational damage, operational risk, government investigations as well as significant monetary penalties and potential criminal liability. 

Web-enabled integrity due diligence

Astrus, KPMG’s secure online integrity due diligence suite of solutions, provides a robust and cost-efficient way to obtain information and assess risks associated with customers, agents, distributors, joint venture partners, logistics intermediaries and other partners. Leveraging Astrus, our clients can access data from multiple premium data sources in multiple jurisdictions to obtain a clear and concise summary of key findings and possible risks using indicators that are determined in consultation with our clients to help provide a consistent measurement of relevant integrity risks. By leveraging KPMG's overall approach to third-party risk management, which includes integrity due diligence, our clients are able to identify non-transparent risks unlikely to be revealed by financial and legal due diligence alone.

Due diligence graphic

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