Are recent Russian sanctions affecting your third-party supply chain? Do you fully comprehend the structure of your third-party shareholders and directors, and do you know if any of them are linked to the sanctions? Have you considered the implications for your company and operations? Our new questionnaire is simple to use and can be sent to all or part of your third-parties in as little as one day, with the ethiXbase efficiency that our clients have come to expect.
According to the International Labour Organization (ILO), over 40 million people are victims of modern slavery worldwide, with 25 million of them being forced to work. Textiles, agriculture, fishing, construction, mining, and domestic work are all examples of modern slavery, with the retail sector being one of the most prominent. To learn more about what actions to take next, download our latest insight-packed whitepaper.
Did you know that third-party misconduct has been linked to nearly 90% of Foreign Corrupt Practices Act (FCPA) enforcement actions over the last 40 years? Since the start of COVID-19, 51% of the surveyed organizations have experienced at least one third-party risk-related incident. In our latest insight-packed eBook, learn more about how the ethiXbase third-party risk indicator can offer this holistic view of third-party risk today.
Cryptoassets have “unleashed a plethora of financial innovation that will likely revolutionise the form of money and the ways it is used,” a recently published International Monetary Fund report said, but the multilateral lender cautioned that, without regulation, cryptoassets may also facilitate illicit capital flows.
The European Commission is increasing pressure over a corruption allegation which stems from the wake of the recent election. This is significant as it is the first time that the EU is applying new regulations to withhold funds from a country that breaches the rule of law.
The UK has taken newfound measures against Russia by sanctioning the companies largest bank and is pledging to end imports of Russian coal and gas. Sberbank and Credit Bank of Moscow will both now be placed under a total asset freeze, while coal and gas imports should be phased out by the end of 2022.