Don’t let the dominoes fall (ever) with our new TPRM certification…

CRI® Group is launching a third-party compliance verification and certification program – 3PRM-Certified™ – across the Middle East, Europe and Asian region. This Third-Party Risk Management (TPRM) program can help organisations establish the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking to affiliate with their business.

Third-party relationships are critical in business today, and include partnerships with suppliers, distributors, consultants, agents and other contractors. While such affiliations are essential to the success of your organisation, the consequences of inadequate due diligence cannot be overestimated. The risk of data breaches and supply chain disruptions continue to rise with COVID-19, so does the need for an effective TPRM programs. Whether you’re a TPRM professional looking for a certification to advance your skillset, or the leader of your organisation considering how to better equip your team with the best knowledge and skills, 3PRM-Certified™ program is a all  in solution.

Read more on “How Risk Management and Due Diligence Interlock?”

CRI® Group’s exclusive 3PRM-Certified™ solution provides the very best in third-party risk management. Our 3PRM-Certified™ program provides a proactive approach to mitigating risks from third-party affiliations, protecting the organisation from liability, brand damage and harm to business.

The 3PRM-Certified™ program includes a focus on the following:

• Providing third-party risk assessments
• Meeting contracting requirements
• Conducting due diligence
• Identifying potential fraud risks
• Providing management oversight

Utilising a network of trained professionals positioned across five continents, CRI® Group’s 3PRM services utilise one of the largest multi-national fraud investigation teams the industry has to offer. The 3PRM-Certified™ program is especially critical when your business is performing pre-merger and acquisition research and pre-IPO due diligence, engages new clients, employs, contracts or retains foreign business partners and requires a consistent and audit-worthy Anti-Money Laundering (AML) and anti-corruption compliance program.

Learn more about TRM with our 3PRM-Certified™ brochure!

Your BUSINESS SUCCESS depends on assessing the ongoing behaviour, performance and risk that each  third-party relationship represents to your company. Being 3PRM-Certified™ is especially critical when your business:

• Performs pre-merger & acquisition research
• Conducts due diligence
• Engages new clients
• Employs, contracts or retains foreign business partners
• Requires a consistent & audit-worthy anti money laundering & anti-corruption compliance program

When implementing 3PRM-Certified™ program you can focus on:

• Providing third-party risk assessments
• Meeting contracting requirements
• Conducting integrity due diligence
• Providing management oversight

And avoid:

• Merging with an international business embroiled in behind-the-scenes legal battles
• Getting caught up in making procurement decisions involving the inappropriate influence of government officials who were slated to receive kickbacks
• Partnering with organisations that are potential credit risks, have claimed bankruptcy, have dissolved stated companies or are faced with debtor filings
• Awarding work to an overseas contractor with absolutely no prior experience
• Affiliating with a contracting company owned by a politician with significant influence on future awards

A TPRM customised solution that best suits your needs

CRI® Group’s own exclusive, expert-developed 3PRM™ services help you proactively mitigate risks from third-party affiliations, protecting your organisation from liability, brand damage and harm to the business. Whether your organisation has a large, well-established third-party program, is in the early stages of development, or is anywhere in between, 3PRM™ solution can improve the health of your program and future-proof your entire business in many forms.

Our 3PRM™ solution streamlines the third-party risk management process through scalability, and efficiencies – from third-party risk identification to assessment what sets us apart is that our 3PRM™ solution includes:

• العناية الواجبة 360°
• Screening & Background Checks
• Regulatory Compliance
• Business Intelligence: Information Management
• Investigations: i.e. IP, Fraud, Conflict of Interest, etc
• Anti-bribery & Anti-Corruption (ABAC) Compliance
• Employee auditing training & education
• Monitoring & reporting

Where should TPRM sit within an organisation?

TPRM can sit within various business units depending on your organisation’s structure. Many organisations involve multiple departments such as procurement, information security, operational risk and compliance to provide input to manage the risks related to engaging third parties. Depending on your business’ internal structure, you may choose to apply a centralised, mixed or decentralised model when focus on TPRM. At CRI Group we observed a trend with many of our clients implementing a centralised model when managing their third-party relationships, given the required input from their multiple business lines. A centralised model allows you as an organisation to track common risks across departments and identify emerging trends that may require a response from more than one department.

Risk management goes beyond TPRM

CRI® Group provides the knowledge required to navigate unfamiliar markets and mitigate third party risk by assessing the backgrounds, integrity and character of those with whom you do business. Our 3PRM-Certified™ program is therefore key for managing an organisation’s third party risk levels. However this is only one of the several vital steps towards a robust risk management strategy implementation.

Risk management is the identification, evaluation, and prioritisation of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimise, monitor, and control the probability or impact of unfortunate events or to maximise the realisation of opportunities. Risks can come from various sources including your employees.

Getting Started with ISO 31000 Risk Management? Learn more with our “ISO 31000 Playbook”

 

About CRI®

Based in London, CRI® Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, 

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العناية الواجبة 360°

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حلول الامتثال

 and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI® Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.

In 2016, CRI® Group launched Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.[/accordion_son][accordion_son title=”Prove that your business is ethical with a Gap Analysis (FREE)” clr=”#ffffff” bgclr=”#1e73be”]