D ATA S H E E T Third Party Risk Management Are you rolling the dice with your third parties? Under the provisions of both the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act, corporations are liable when they fail to prevent a wide range of crime, corruption and fraud committed by their third parties. How can you ensure your third parties are screened with the right data at the right frequency, and at the right level of rigor you need to truly mitigate risk? NAVEX Global’s Third Party Risk Management Platform creates a simple, automated cost-effective way to continuously monitor your third parties and risk-rank them according to your organization’s specific definition of risk. AUTOMATE MANUAL SCREENING PROCESSES Our batch screening service helps you evaluate your existing third parties quickly through automated batch screening, which leverages data from: • 400+ sanctions lists (including OFAC, E.U., UN and HM Treasury) • Watch lists • Politically Exposed Persons (PEP) lists • Exposure to adverse media from 10,000+ global publications Once your third parties have been initially screened, the platform continuously monitors them to identify material changes in risks. If there is a change, the platform provides: • Analyst screening for all new alerts to minimize false positives • A completely new report, and an e-mail to alert stakeholders that the report is available inside the platform This unique approach ensures information is current and easily available on each of your third parties at all times. All system-generated reports and your team’s manual due diligence documents are housed in a centralized, SaaS-based audit-ready repository. This helps reduce staff error, speed response times, reduce costs and ensure you are continuously protected from doing business with sanctioned or debarred companies. CHOOSE THE RIGHT LEVEL OF DUE DILIGENCE In every FCPA-related DOJ/ SEC enforcement action from 2013, third parties had been used to disguise, negotiate or place bribes. Once you have identified your higher-risk third parties, our platform gives you the flexibility to carry out deeper levels of due diligence to meet your unique risk profile. With multiple report levels, analyst review and enhanced investigation options available, you can be confident your third party risks are uncovered and mitigated as quickly and efficiently as possible. +1 866 297 0224 | [email protected] | WWW.NAVEXGLOBAL.COM NAVEX Global’s solution offers a batch screening service and multiple levels of due diligence: BATCH SCREENING DUE DILIGENCE T YPE LEVEL 1 PLUS LEVEL 1 LEVEL 2 Third-Party Company Name Only X Sanctions/ Watch X X X X Pep List X X X X Adverse Media X X X X X X X X X Multiple Names Questionnaire Document Collection X Financial Background Check X Multi-Category Risk Assessment X Analyst-Led Review X X X Online Enhanced Due Diligence X X X Automated Optional Analyst-Led • Augment Levels 1 & 2 With Analyst-led report reviews and online enhanced due diligence can augment any Level 1, Level 1 Plus or Level 2 Report • Deeper Analysis Available: In-county research and investigation services are available via our partner, Pacific Security and Assessments WHY CHOOSE NAVEX GLOBAL’S PLATFORM? NAVEX Global’s Third Party Risk Management Platform enables you to: PART OF THE COMPLETE NAVEX GLOBAL ANTI-CORRUPTION COMPLIANCE SOLUTION WHICH INCLUDES INTEGRATED: • Policy lifecycle management • Consolidate all third party information in a centralized database • Generate an on-demand snapshot of all third party activity and status • Target your third parties with integrated analyst–led review and enhanced due diligence • Reduce false positives: all alerts go through analyst review before being passed into the platform • Automate report creation, questionnaire data collection, analysis research and risk ranking • Improve communications with third parties with questionnaires in local language • • Monitor all third parties daily • Receive automatic alerts and an updated report when a change occurs See real-time scoring of questionnaire and commercial data via automated risk algorithms • Establish an audit trail of all activity • Online training and certification • Gifts, travel and entertainment policies • Conflict of interest disclosures • Whistleblowing hotline and incident management Contact a NAVEX Global product specialist today to learn more about how our platform can help you meet your third party risk management imperatives. ABOUT NAVEX GLOBAL NAVEX Global helps protect your people, reputation and bottom line through a comprehensive suite of ethics and compliance software, content and services. The trusted global expert for more than 8,000 clients in 200+ countries, our solutions are informed by the largest ethics and compliance community in the world. +1 866 297 0224 © 2014 NAVEX GLOBAL, INC. ALL RIGHTS RESERVED. 10 15 14 [email protected] WWW.NAVEXGLOBAL.COM