Third Party Anti-Corruption Management

OCEG Report

Managing third parties for bribery and corruption risk requires a consistent, technology-supported approach to assessing risk, conducting due diligence and analysis, delivering training, invoking controls, ongoing monitoring, and periodic re-evaluation. A consistent method to risk score each relationship and a book of record for each third party ensures a systemic understanding of relevant information and a well- documented audit trail.

MetricStream co-developed this illustration along with Jay Martin, Chief Compliance Officer – Baker Hughes and OCEG on the "Third Party Anti-Corruption Management" that brings out the best practices organizations require to follow in ensuring the third party transactions are being maintained and well audited.