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 has pre-configured and automated workflow and screening capabilities that now include comprehensive, global risk data from Acuris Risk Intelligence (formerly C6 Intelligence), a leader in Adverse Media, anti-bribery & corruption, anti-money laundering and Fraud Intelligence. Our solution puts all the tools global companies need to manage their anti-bribery and corruption risks in one place. Opus’s workflow and Acuris’ high-quality risk intelligence data enable organizations to streamline and drive consistency in their compliance processes through:

  • Pre-built questionnaires for automatically gathering due diligence data and segmenting third parties according to risk
  • Advanced risk screening against Acuris’s global data that minimizes false positives
  • A user-friendly interface to review due diligence findings, seamlessly order enhanced due diligence and approve/deny third parties
  • Comprehensive reports that provide a holistic view of all third-party risk at any point in time
  • Ongoing monitoring that alerts users to material changes in the profile of a third party

 

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 Acuris Risk Intelligence, 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