Many companies already have mature Anti-Bribery / Anti-Corruption (ABAC) compliance programs, procurement analytics, and logistics operations. This presents an excellent opportunity for the Export and Sanctions team to leverage other business departments within the company to push Trade Compliance due diligence and Know Your Customer requirements, creating a holistic view of Corporate Third-Party Risk and shared risk analysis.

1. Identify unique risks associated with the organization’s use of third parties;

2. Define policies, procedures, and responsibilities for monitoring and assessing third parties;

3. Leverage and manage third party data collected by non-Trade business groups for analysis; and

4. Create a screening methodology – i.e. onboarding, transaction based, or ongoing.

In this session, Ron Comers and Morial Shah from the National Security, Trade, and Technology team at Ankura Consulting present the essential planks of the screening program appropriate for your organization today, how to take a whole-of-business approach to risk analysis and mitigation.