Do you really know who you’re doing business with? Trusted data and technology to detect, assess and minimize supplier, partner and distributor risks. WHAT ARE THE THIRD PARTY RISKS? Is your organization aware of all the areas of risk they might face when dealing with third parties? Here is an overview of the main areas of risk and regulation you need to be compliant with.

1. Do you really
know who
you’re doing
business with?
THIRD PARTY RISK SOLUTIONS
Trusted data and technology to detect, assess and minimize supplier,
partner and distributor risks.

2. WHAT ARE THE THIRD PARTY RISKS?
Is your organization aware of all the areas of risk they might face when dealing with third parties?
Here is an overview of the main areas of risk and regulation you need to be compliant with.
Environmental
Crime
Slavery and Human
Rights Abuse
Financial Crime
and Sanctions
Bribery and
Corruption
Conflict
Minerals
Ultimate Beneficial
Ownership

3. BRIBERY AND CORRUPTION

4. UK BRIBERY
ACT 2010
CANADIAN
CORRUPTION OF
FOREIGN PUBLIC
OFFICIALS ACT
(CFPOA)
1998
US FOREIGN
CORRUPT
PRACTICES
ACT
1977
2015
Multinational
conglomerate fined
$19M for FCPA
violations
2015
Board members of an
international sports
governing body are part
of an ongoing bribery
and corruption
investigation
BRIBERY
AND CORRUPTION
The practice of offering
something, usually money, or
the abuse of a position in order
to gain an illicit advantage or
benefits.

5. FINANCIAL CRIME AND SANCTIONS

6. Multinational financial
services company fined
over $5m for sanctions
breach
EU FOURTH MONEY
LAUNDERING
DIRECTIVE
2015
US BANK SECRECY
ACT/ANTI-MONEY
LAUNDERING
1970
Multinational
conglomerate
fined over $200M
for sanctions breach
FINANCIAL CRIME
AND SANCTIONS
Any offense involving fraud or
dishonesty, misconduct in, or misuse
of information relating to a financial
market, or handling the proceeds of
crime. A trade sanction is a penalty
imposed by one nation on to one or
more other nations.

7. SLAVERY AND HUMAN RIGHTS ABUSE

8. FMCG
Conglomerate used
child labor
UK MODERN
SLAVERY ACT
2015
CALIFORNIA
TRANSPARENCY
IN THE SUPPLY
CHAIN ACT
2010
International
sportswear
manufacturer
caught using
sweatshop
slave labor
SLAVERY
AND HUMAN RIGHTS
ABUSE
Slavery includes bonded labor, child
slavery, forced labor or trafficking.
Human rights abuse is the
contravention of the basic freedoms
entitled to humans.

9. ENVIRONMENTAL CRIME

10. 2013
Not for profit
organization led a
boycott against
companies that
pollute heavily
EU TIMBER
REGULATION (EUTR)
AUSTRALIA ILLEGAL
LOGGING
PROHIBITION ACT
2012
Slave labor is being
used in the fishing
industry in Thailand
ENVIRONMENTAL
CRIME
Endangering wildlife, pollution,
illegal timber, carbon trade and
water management crime.

11. CONFLICT MINERALS

12. OECD DD
GUIDANCE
EU
PROPOSED
REGULATION
2014
US
DODD–FRANK
ACT
2010
CONFLICT
MINERALS
Tin, tungsten, tantalum or gold
sourced from the Democratic
Republic of Congo or neighboring
countries as they have a high risk of
financing militia groups in the
region.
Consumer products
such as mobile
phones and laptops
may contain conflict
minerals.

13. ULTIMATE BENEFICIAL OWNERSHIP

14. Ultimate
Beneficial
Ownership
identification is key
to complying with
narrative sanctions
2016
‘Panama Papers’
reveal that some
companies’ ultimate
beneficial owners had
ties to illicit activity
EU FOURTH
MONEY LAUNDERING
DIRECTIVE
US G8 ACTION PLAN
STATEMENT
ULTIMATE BENEFICIAL
OWNERSHIP
The natural person(s) who
ultimately owns or controls the
majority share of a business and
any financial risk they could be
involved in.

15. • Operational disruptions
• Lack of risk-based
approach
• Legal costs • Consumer boycotts
• Lack of investors
• Brand remediation costs
• Fines from regulators
• Reputational damage
DO YOU FACE THE FOLLOWING CHALLENGES?
So now we have looked at the risks, these are the challenges businesses face as a result of these risks and not staying on top of them.
• Ever-increasing and
changing regulations
• Proof of due
diligence/compliance
programs
• Immediate response and
contingency plan
Regulatory
non-compliance
• Unethical practices
damages an organization’s
reputation
• Growing importance
of corporate social
responsibility
• Employee retention and
satisfaction
Reputational
damage
• Enforcement of fines
and/or sanctions due to
non-compliance
• Civil litigation lawsuits
• NGO investigations
Legal
action
• Limited budget
and resources
• Lack of a scalable third
party risk program
• Siloed, fragmented
data and systems
• Lack of expertise and
knowledge
Operational
inefficiency
Potential consequences:

16. KEY CUSTOMER NEEDS
What does a
risk-based approach
look like?
What risks are associated
with a shifting geopolitical
landscape?
What hidden
complexities can a global
supply chain contain?
Can I expect accurate
and trusted news
and data in a timely
manner?
How can I educate
staff and third parties
on best practice?
How will this be
incorporated with current
platforms and preferred
partners?
VISIBILITYIDENTIFYUNDERSTAND
TIMELY DATA EDUCATEINTEGRATE

17. A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Retrieve/collect
information on
third parties, e.g.
questionnaire
management of
third party
onboarding and
performance.
Supplier
onboarding*
Determine any
geopolitical,
social and
economic
risks associated
with third
parties.
Understanding
the risks
Conduct initial
due diligence by
screening third
parties against
business
relationship risk.
Screening
third parties
against risks
Detailed
background
checks on any
heightened risk
individuals or
entities to further
protect against
regulatory and
reputational
damage.
Further due
diligence
required
Continuously
monitor third
parties for any
change in status
and risk levels.
Ongoing
monitoring
Report
(auditable trail)
on third party
risk
management
program for
regulatory
purposes.
Ongoing
reporting
(audit trail)
Roll out
compliance
training program
to internal staff
or third parties.
Train and
educate
Y/N
Decision to onboard or reject third party
* We work with preferred partners to provide this.

18. Supplier
onboarding
Understanding
the risks
Screening
third parties
against risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
Use a Supplier Management Platform
• Automate third party onboarding and integrate
process with current workflow
Work with preferred market-leading
software platform providers to enable
efficient supplier onboarding.
Our data can also, seamlessly integrate
with all major ERP platforms.
Y/N
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Decision to onboard or reject third party

19. Supplier
onboarding
Understanding
the risks
Screening
third parties
against risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
Country Risk Ranking
• Understand the geopolitical risk in
which third parties operate
• Access news pertaining to potential
third parties
Covers political, economic and criminal
risks across the world – enabling you to
understand what doing business with
certain countries or jurisdictions might
mean for you.
World-Check
Y/N
Access to up-to-date news on an individual
or entity using our global media coverage
with alerting features.
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Decision to onboard or reject third party

20. Supplier
onboarding
Understanding
the risks
Screening third
parties against
risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
World-Check
• Screen against global sanction, enforcement
lists and hidden risks, e.g. bribery and
corruption or slavery
• Identify connections between individuals
and entities who may pose greater risks
• Establish ultimate beneficial ownership
Screen individuals and entities against the
World-Check database consisting of
millions of profiles to help reveal applicable
risks that may be present in business
relationships and networks.
Enhanced Due Diligence
Y/N
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Detailed background and integrity checks
on any entity or individual, anywhere.
A global and connected team which leverages,
leading Thomson Reuters assets to manage
third party screening and due diligence
processes on behalf of an organization.
Decision to onboard or reject third party
Screening Resolution Service

21. Supplier
onboarding
Understanding
the risks
Screening third
parties against
risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
Screening Resolution Service
• Conduct further investigation when a third
party is flagged as heightened risk
Work with the client to understand attitude
to risk and can conduct further due diligence
if required.
Enhanced Due Diligence
Y/N
Focus not only on the company, its owners
and operations but also on key
management and decision-makers to
provide insights on any political, criminal or
other threat to the business.
Research teams are strategically located
around the world, conduct research in
multiple local languages and are trained to
find hard-to-reach information.
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Decision to onboard or reject third party

22. Supplier
onboarding
Understanding
the risks
Screening third
parties against
risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
• Screen, monitor and remediate risks on an
ongoing basis, as risk status and appetites
change
• Extract reports and provide an audit trail to
show proof of due diligence to regulators
Intelligent systems that enable you to
continually monitor all saved database
entries to provide immediate alerts.
Enhanced Due Diligence
Y/N
Decision to onboard or reject third party
Enhanced Due Diligence ongoing
monitoring available on client request.
Offers ongoing monitoring where we
constantly monitor a batch of names given
to us and give regular updates set by the
client on the results.
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
World-Check
Screening Resolution Service

23. Supplier
onboarding
Understanding
the risks
Screening third
parties against
risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
WHAT DO YOU NEED TO DO? WHAT IS OUR SOLUTION? HOW DO WE HELP?
Compliance Learning
• Educate staff and third parties on regulatory
standards, latest policy changes, key
regulatory developments and legislation
• Keep training courses up to date
• Customize training solutions for staff and third
parties, while ensuring participation,
completion and effectiveness
A library of engaging, interactive courses
and micro-learnings designed to meet all
your compliance training needs.
Course content is powered by world-
leading Regulatory Intelligence and is
continually updated in response to the
latest regulations.
With a full range of customization options,
you can manage your training program and
keep track of user progress with audit-
ready reporting to demonstrate compliance.
Y/N
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Decision to onboard or reject third party

24. Supplier
Management
Platform
World-Check
Enhanced Due Diligence*
Country Risk Ranking
Screening Resolution Service
World-Check
Compliance
Learning
Supplier
onboarding
Understanding
the risks
Screening
third parties
against risks
Further due
diligence
required
Ongoing
monitoring
Ongoing
reporting
(audit trail)
Train and
educate
Y/N
*Enhanced Due Diligence ongoing monitoring available on client request.
A RISK-BASED APPROACH TO THIRD PARTY RISK
Here are the steps your organization needs to take to mitigate exposure to third party risk. We understand the process of risk management
and what each step entails. That’s why we are able to support you, every step of the way.
Decision to onboard or reject third party
Partner
Data, Platform Subscriptions
and Products Managed ServiceKEY

25. WHAT ARE OUR PRODUCTS?
Screen for heightened risk individuals and entities
globally against a risk intelligence database consisting
of millions of profiles, to help uncover hidden risks in
business relationships and human networks.
Thomson Reuters World-Check
Enhanced Due Diligence provides highly detailed
background checks on companies and individuals.
The result is a comprehensive report, which can be
purchased with varying levels of detail.
Thomson Reuters Enhanced Due Diligence
Our Screening Resolution Service carries out initial
screening, remediation and ongoing monitoring on behalf
of our clients who lack the time and resources to screen
and remediate against their third parties.
Thomson Reuters Screening Resolution Service
Country Risk Ranking is a country-focused risk
index that ranks all 247 countries according to their
geopolitical, economic and social risk level.
Thomson Reuters Country Risk Ranking
Our Compliance Learning courses provide practical,
interactive, customizable and cost-effective compliance
training programs, which assist in changing behavior
and supporting a culture of integrity.
Thomson Reuters Compliance Learning

26. ABOUT US
At Thomson Reuters, our Third Party Risk solutions help
you detect, assess and minimize potential risks associated
with your suppliers, distributors and partners, and regularly
monitor them for any change in status.
Our solutions combine intelligence, technology and human
expertise to help your organization identify the different
risks you might face in a complex global environment, from
bribery and corruption to sanctions and modern-day
slavery.
With Thomson Reuters you get answers you can trust to
increase your efficiency and growth in your business and
supply chain.

27. WHY CHOOSE US?
Thomson Reuters research centers are located in all global
regions, covering over 240 countries. Hundreds of research analysts
conduct research in more than 60 local languages, enabling a high
level of accuracy in on-the-ground and local media research.
Human expertise
Our comprehensive reports and audit trails demonstrate
proof of due diligence to regulatory enforcement agencies.
Proof of due diligence to regulators
Proven third party risk mitigation program
Hundreds of corporate clients globally use and rely on our
products to carry out checks and due diligence on their
suppliers and third parties.
Our robust database covers a wide range of country, entity
and individual-level risks with dedicated researchers and
analysts strengthening the value of our assets.
Wide and deep coverage
We provide comprehensive solutions that meet the needs
of each step in the third party due diligence and compliance
workflow.
Well-rounded suite of solutions
The Thomson Reuters brand is the world’s leading source of
intelligent information and World-Check has remained best
in the market for providing high-quality risk intelligence.
Trusted and reliable brand
Reduce operational costs
We eliminate time-consuming duplication of effort and
the need for costly human resources to build the program
and carry out the necessary work.