The Weakest Link – Why ABAC Plays a Critical Role in Managing Third-Party Risk

Why are anti-bribery and corruption (ABAC) the weakest links in so many third-party risk management (TPRM) programs?

Over 90% of US FCPA matters have involved a third-party (such as a broker or affiliate), yet only 13% of organizations report that they manage ABAC risks within their TPRM programs. In addition to reputational damage and other impacts, many organizations have faced billions in global monetary sanctions and the costs keep rising.

But there are ways to identify, monitor, and manage third-party corruption risk.

Download this whitepaper to learn:

• How third parties increase bribery and corruption risks
• Why prosecutions are increasing and trends in enforcement
• What internal control failures can make your organization vulnerable to ABAC risk
• How you can incorporate enterprise-wide ABAC controls into your TPRM practice