Streamline management of third party bribery and corruption risks.

Anti-bribery and corruption (ABAC) enforcement has been a hot topic across North America and Europe and is increasingly in focus to varying degrees in other nations across the globe. Led by the Organization for Economic Cooperation and Development (OECD) and the United Nations Convention Against Corruption (UNCAC), and in the spotlight at the G-20, the international push for heightened ABAC legislation and enforcement continues to grow. Companies that do business with third parties are responsible for their third parties’ actions. Ignorance or inaction are no excuse. Even if companies are not aware of the illegal activities of their third parties or if bribes were never actually paid, they still face fines and imprisonment.

Hiperos 3PM ABAC Accelerator enables companies to reduce the time and costs of ABAC compliance by automatically identifying which third parties pose bribery and corruption risks, performing due diligence, managing the review and approval process, monitoring risk factors continuously and generating auditable reports.

Ensure Compliance at a Lower Cost

Chart of Productivity Increases Associated with Using Hiperos 3PM for Third-Party Risk Management

Benefits

  1. Reduce the time & resources required for ABAC compliance
  2. Minimize inconsistencies & manual errors
  3. Due diligence data from Dow Jones and Thomson Reuters
  4. Automate code-of-conduct training, monitoring & alerts
  5. Provide a central “book of record” with a verifiable audit trail

Regulator

  • State Administration for Industry & Commerce (China)
  • Ministry of Transparency, Monitoring and Control (Brazil)
  • Royal Canadian Mounted Police
  • SEC and US Department of Justice
  • German Public Prosecutions Office
  • UK Ministry of Justice