Third Party Risk

Outsourcing: where does liability fall?
What risks do your third parties pose for your business? While you can outsource tasks, you cannot outsource liability. Overseeing your third parties, including your agents, resellers and suppliers, is a key step in managing your organisation’s bribery and corruption risk.

Did you know that parties linked to your third parties could also fall under your liability? Or that an innocent culture of gift giving could be perceived as bribery in the eyes of the law? Under certain laws you may be held accountable for acts of corruption by third parties you are associated with.

This course guides you through the four steps associated with handling third party risk: scoping, risk assessment, due diligence and approval/post-approval risk mitigation. The lessons covers major international anti-corruption laws, including the US Foreign Corrupt Practice Act (FCPA) and the UK Bribery Act.

Jargon is kept to a minimum. Where possible, stories are used to paint a vivid picture.
Course users will learn when it is appropriate to practise due diligence; who should be subject to it; and the level of due diligence required when managing your organisation’s bribery and corruption risks. As with all Salt Compliance courseware, this course is ready to customise.

Who is this training for?

Employees at all levels need to recognise the risks associated with third parties and how to identify them. This course guides staff through the four steps associated with handling third party risk.

Management are trained to identify, minimise and handle corruption risks. General employees learn the role they play in ensuring that due diligence occurs.

Course Outline

Module 1:Introducing Third Party Risk
Module 2:Due Diligence and Approvals
Module 3:Due Diligence for Employees