companies operating around the world need to engage third parties to conduct and sometimes facilitate their business.but in today’s world, working with the wrong third party or business partner could result in legal action, regulatory sanctions, financial losses and serious damage to your company’s reputation.problem is, many global companies are finding it difficult to perform effective due diligence on foreign agents and third parties. that’s where kpmg can help. our third party risk management program utilizes a proven four step technology enabled approach that’s …… efficient, scalable and can be fully customizable into your overall compliance program.we begin by helping you identify the universe of third parties that should be subject to further review based on your compliance and risk management objectives. this is a challenge as they often exist in distant markets on disparate systems.
