For most companies these days, working with third parties is critical to doing business. But at a time when anti-corruption enforcement has never been more stringent, those third parties can also pose huge risks.
The biggest third-party risk of all is violation of the Foreign Corrupt Practices Act—and for U.S. companies working with hundreds or thousands of third parties around the globe, making sure all those partners comply with the FCPA is no small task. What’s more, Britain recently adopted its own sweeping anti-bribery law, raising the stakes still more for global businesses striving to ensure that their third parties do nothing to get them into trouble.
