Corporate due diligence and compliance also known as ‘third party’ or ‘supplier screening.”
On the other hand, there is an ever-increasing trend of collusion between institutions’ own employees and suppliers. For this reason, it is imperative for institutions to assess their own employees, as well as any third parties or suppliers, before adding them onto the supplier database, or signing service level agreements with them.
For many years, EmployInsight has been trusted with assisting institutions to conduct comprehensive background screening of their suppliers and third parties, with the aim to minimise the risk of collusion and fraud in the supply chain process. The following actions will be included as a part of Compliance: