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The Walden Pond

Third Party Due Diligence – How Much Is Needed, How Much is Enough?

The Walden Pond
The Walden Pond
Taylor Twining is the Director of Sales at ethiXbase, an organization dedicated to helping clients in every stage of their third-party compliance lifecycle. He joins Vince Walden to discuss how companies are taking a risk-based approach to third-party due diligence. 

ethiXbase helps compliance professionals reduce corruption and bribery risks by providing an end-to-end risk management platform which they can configure and customize to suit their needs. There are two categories of background checks: screening, which is instantaneous and involves inputting a name into a software program designed to monitor compliance watchlists; and enhanced due diligence reports, which is an in-depth analysis report done by humans, with a reduced risk of false positives. 

DDQ’s, or due diligence questionnaires, are tools which provide information for risk assessment; they are becoming more widely used in the compliance industry. This information is a critical part of understanding the risks third-parties may bring to your organization. 

Resources
Taylor Twining on LinkedIn 
ethiXbase.com
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