Vendor Due Diligence

Many international companies have implemented Vendor Due Diligence programs to meet the requirements of the FCPA and what would be considered best practice in the engagement and ongoing management of their vendor partners. Given that many vendors have the ability to represent a company in a certain market and/or country – particularly in the case of sales agents; country representatives; or distributors – they have the ability to make your organisation accountable for any breaches of relevant legislations, such as the FCPA or the UK Bribery Act.

RISQ offers a Vendor Due Diligence Service which can undertake the following activities on behalf of our clients:

• Conduct site visits to determine that the addresses held by our client match the physical addresses of the vendor concerned;
• Review vendor policies – such as Codes of Conduct, Bribery Policy etc. – to confirm they meet the standard expected of our client;
• Undertake background enquiries into the principals behind the vendors to ensure there is no adverse information which may represent a risk to our clients; and
• Review an organisation’s vendor engagement process to ensure it is sufficiently robust to meet the requirements of legislation such as the FCPA and the UK Bribery Act.