Under the FCPA, the .K Bribery Act and local laws in multiple markets, a company is liable for the actions of its business partners, suppliers, customers, and agents (“third parties”) performing services on its behalf. This means that an organization could be subject to prosecution for acts of bribery committed by its third parties.
A screening program designed to flag corruption-related concerns as well as issues regarding relevant sanctions, watch lists and blacklists is a best practice that addresses the inescapable risk of engaging in business transactions with third parties in markets around the world.
We have deep experience assessing client-specific screening needs, designing screening programs based on a company’s risk profile and plugging into client organizations to administer these essential programs, allowing clients to direct their valuable in-house resources to other priorities.
Our process and methodology, combined with an optimal (offshore and/or onshore) staffing model, ensures a company-tailored program and cost effectiveness. We become an extension of your in-house team, but without requiring the on-boarding, training and management.