Assess Risks Involved in Working with Third-Party Intermediaries in Emerging and High Corruption Markets

March 25, 2015

CBI’s Third-Party Risk, Audits and Oversight Conference
Philadelphia, Pennsylvania

Bass, Berry & Sims attorney John Kelly will speak on March 25 at CBI’s Third-Party Risk, Audits & Oversight Conference. John’s topic is “Assess Risks Involved in Working with Third-Party Intermediaries in Emerging and High Corruption Markets.” During the session, John will guide attendees through the risks involved and highlight the importance of

  • Considering not just the Corruption Perception Index (CPI) of the country, but understanding the political and economic stability of the country, local law, sanctions and licensing requirements
  • Understanding the entire process of the proposed transaction to follow the money and goods to the consumer
  • Determining what the business rationale is for onboarding the proposed third-party and what service it will provide on your company’s behalf
  • Analyzing both internal and external personnel to ensure there is no connection that could be perceived as a kickback
  • Identifying if the proposed third-party will enlist the help of any other entity in order to complete the transaction on behalf of your company

The conference will be held March 25-26 in Philadelphia, Pennsylvania.