“Prevention is the means to an end”

Business Partner Due Diligence is an essential element of an efficient Compliance Management System (CMS). In particular laws and regulations like e.g. the UK Modern Slavery Act 2015 and continuously increasing national and international requirements (FCPA, Anti-Money-Laundering, etc.) demand from   companies to adequately screen and monitor their Business Partners. The way and modalities as well as the level of detail depend on several criteria. However, the identification and the assessment of the various types of risks provide the foundation of any check. Salvatore Saporito, Business Development Manager Risk & Compliance, LexisNexis answers in our 1 on 1 Interview “Business Partner Due Diligence – prevention is the means to an end”  questions on these essentials and provides practical advise on how to handle and implement appropriate processes.