Corporate Intelligence and Third-Party Risk Management 

 Corporate Intelligence


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 2,500 forensic professionals. Our approach to third-party risk management is informed by and 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.

 

Does your organization:

 

  • Adequately manage the risks of increasing globalization and dependencies on distant and often unfamiliar business partners and vendors?
  • Struggle with the increasing complexity of supply and distribution channels?
  • Need help assessing reputational, regulatory and jurisdictional risk?

A risk-based approach

KPMG helps global companies address the risks associated with third-party intermediaries (TPIs) by:

(1) Assisting in identifying the universe of third-party relationships and bifurcating that universe based on risk to identify those that would be in scope for further evaluation and assessment

 

(2) Implementing and enhancing consistent due diligence processes and protocols for in scope TPIs to determine and focus on those relationships where further integrity due diligence may be required; and,

 

(3) Performing appropriate and risk-based integrity due diligence to obtain critical information for evaluating and managing business risk related to third parties.

 

We provide insights to identify the appropriate level of integrity due diligence required for TPIs based on such factors as jurisdictional risk, nature of the industry and service provided, and the importance of the relationship. Our professionals can craft approaches to create cost-efficient, timely, and responsive reporting.

Web-Enabled Due Diligence

Astrus, KPMG’s secure online integrity due diligence portal, 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.


Risk Based Approach


For more information, please contact the KPMG Forensic Hotline at 1-877-679-5764.

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Contact

               

Graham Murphy

Graham Murphy
Chicago, IL
+1 312-665-1840
grahammurphy@kpmg.com


Laura Durkin

Laura Durkin
New York, NY
+1 212- 872-5779
ldurkin@kpmg.com

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