In this day and age, many companies are building ecosystems that offer opportunities to create agile strategies, flexible operating models and minimize costs for improved competitiveness. These partnerships however, may expose the company to a host of new risks, particularly related to third parties. Many global regulators have taken note of this, putting a special focus on agents, intermediaries and other third parties during bribery and corruption investigations. Therefore it is crucial for companies to really know with whom they are doing business.
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