Third-Party Risk Management & Vendor Due Diligence
The reputation, integrity, and ultimately the success of your business increasingly depends upon developing and maintaining the confidence and trust of your clients, investors, and regulators.
As business becomes more global, there is increased regulatory pressure on corporate actors to truly know their third-party vendors and suppliers. Conducting proper Due Diligence on potential vendors is essential to minimizing fraud, managing risk, and maintaining compliance with regulations such as the USA Patriot Act, the Foreign Corrupt Practices Act (FCPA), UK Bribery Act, the Bank Secrecy Act (BSA), Sarbanes-Oxley, and others. NFC can assist you in screening third-party vendors to identify any adverse information or potential ties to government officials, also known as Politically Exposed Persons or PEPs. This proactive Due Diligence can save your reputation and protect against regulatory action.
"Emerging markets are our specialty, and with resources on the ground in over 150 countries, we can help you mitigate your risk and stay within your budget, even if you are doing business somewhere that seems out of reach."
NFC is an asset to any vendor Due Diligence program and can help implement best practices and prioritize risk profiles of potential vendors. High-risk third parties mandate enhanced Due Diligence and validation of the information you’ve collected during the risk assessment process and this is where our team of experts can assist you. Emerging markets are our specialty, and with resources on the ground in over 150 countries, we can help you mitigate your risk and stay within your budget, even if you are doing business somewhere that seems out of reach. Should you require, we offer Due Diligence renewal investigations to re-evaluate potential risk on an annual or semi-annual basis