This white paper from Bureau van Dijk looks at how the finance department can help protect their business reputation in an increasingly complex world of third-party corporate compliance.
Trade is no longer purely transactional, and finance professionals need to understand who their third parties are - whether they are customers, suppliers, or joint-venture business partners.
A major challenge for organizations is to establish who ultimately owns and controls these third parties; individuals and companies on sanction lists can be obscured behind complex ownership structures. And a lack of transparency would not protect your reputation.
Addressing this central issue in detail, the white papers also considers:
- How to plug your third-party knowledge gaps
- Gathering corporate ownership data
- Technology that has emerged to address your business challenges