Some 75 (OECD) – 91 (US) percent of the bribery and corruption settlements or convictions revolve around the use of third party intermediaries. Third party due diligence is therefore by far the most important anti-corruption control. If you can do only one thing in an anti-corruption program, it should be this. And while there are some similarities with a customer due diligence process, there are also important differences.
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