Reducing Disruptions in Pharma Supply Chain

How Third-Party Risk Management Can Help

The pharmaceutical supply chain is complex, with numerous suppliers and vendors involved in the process of bringing a drug to market. With the rising costs and regulatory challenges, the industry is outsourcing more and more, expanding the supply chain’s risk and complexity.

According to a 2020 Deloitte survey, 84% of companies reported experiencing a third-party incident in the past three years. This makes third-party risk management (TPRM) a critical aspect of ensuring the quality and safety of finished products. In fact, the first half of 2022 saw 337 data breaches affecting over 19 million individuals, highlighting the pressing need for robust third-party risk management strategies.

In this blog, we will explore how third-party risk management can help ensure the continuity of the pharmaceutical supply chain and prevent risks posed by third party vendors.

Importance Of Third-Party Risk Management 3PRM™

The 3PRM™ assessment is designed to help organizations ensure they have the proper policies and procedures in place to address all potential risks related to management, operations, and finance. It stimulates the likelihood of those risks occurring and evaluates key factors like internal auditing procedures, compliance guidelines, performance criteria, internal controls, reporting processes, and contractual requirements. By assessing these factors, organizations can foster a positive long-term relationship with their third-party providers and evaluate the cost-benefit of the relationship. Here’s why pharma companies need a third party risk management system.

Third-party Risks are Increasing

The number of third-party vendors that businesses rely on has been increasing over the years, leading to a higher likelihood of encountering risks. Third-party vendors can include suppliers, contractors, service providers, and more. These vendors may not have the same level of security measures in place as your organization, which could lead to data breaches, cyber-attacks, and other security incidents. Therefore, businesses need to implement a comprehensive third-party risk management (3PRM) program to mitigate these risks.

Regulations Require 3PRM™

Many industries, including healthcare, finance, and government, have regulations in place that require businesses to implement a 3PRM™ program. Non-compliance with these regulations can result in hefty fines and damage to the company’s reputation. Therefore, implementing a 3PRM™ program is not only necessary to comply with regulations but also to protect your business.

Protect Your Reputation and Brand

A single incident involving a third-party vendor can damage a business’s reputation and brand. The public often holds the company responsible for any security incidents involving third-party vendors. Therefore, implementing a 3PRM™ program can help businesses maintain their reputation and brand by ensuring that their vendors are properly vetted and managed.

Financial Impacts of Third-party Risks

Third-party risks can have significant financial impacts on businesses, such as loss of revenue, legal fees, and penalties. A data breach or cyber-attack involving a third-party vendor can result in financial loss and damage to the company’s financial stability. Therefore, implementing a 3PRM™ program can help mitigate these financial risks and protect the company’s bottom line.

Improve Supply Chain Continuity

Third-party vendors are an essential part of a business’s supply chain. If a third-party vendor is unable to deliver products or services, it can result in supply chain disruptions and affect the business’s operations. Therefore, implementing a 3PRM™ program can help improve supply chain continuity by identifying and managing risks associated with third-party vendors.

Cost-Effective Solution

Implementing a 3PRM program can be a cost-effective solution for businesses. The costs associated with managing third-party risks are typically lower than those associated with a security incident involving a third-party vendor. Therefore, investing in a 3PRM™ program can help businesses save money in the long run.

Holistic Approach to Risk Management

A 3PRM™ program takes a holistic approach to risk management by addressing risks associated with third-party vendors comprehensively. The program includes identifying and prioritizing high-risk vendors, conducting due diligence, monitoring and reporting on vendor performance, and more. By taking a holistic approach to risk management, businesses can ensure that they adequately address third-party risks and protect their organization.

Risks Posed by Third Party Vendors in the Pharma Industry

The pharmaceutical industry is heavily reliant on third-party vendors for the supply of raw materials, manufacturing, packaging, and distribution. These vendors can be both national and international, and their inability to deliver can result in severe consequences. The following are some of the challenges that pharmaceutical companies face:

Complex Supply Chains

The pharmaceutical industry is renowned for having one of the world’s most complex supply chains. With multiple linkages, including raw material suppliers, contract manufacturers, and distributors, it can be quite challenging to keep track of all the parties involved. But the greatest challenge lies in mitigating the risks posed by third-party vendors. Any problem that arises along the various links of the chain has the potential to cause far-reaching consequences, not just for pharmaceutical companies but also for patients and healthcare professionals.

Regulatory Compliance

The pharmaceutical industry is no stranger to strict regulations and for good reason. The industry is responsible for producing and distributing drugs that can have a direct impact on people’s health and well-being. Adhering to regulations is not only essential for the sake of legality, but it is also crucial for protecting the public. This is precisely why companies in the industry take regulatory compliance with the utmost seriousness, especially when it comes to their third-party vendors. Non-compliance with vendor regulations can lead to devastating consequences, such as hefty fines or even irreparable damage to the industry’s reputation.

Cybersecurity Risks

As the world continues to move towards digitalization, it is no surprise that the supply chain has followed suit. However, this increasing reliance on technology has also opened up a new avenue of risk for businesses: cyber-attacks. It is now more important than ever to safeguard sensitive information from hackers who can disrupt supply chains and damage operations. Third-party vendors pose a significant risk to businesses, as they often handle critical data and may have less robust cybersecurity measures in place.

Ethical Concerns

Pharmaceutical companies play a critical role in the health and well-being of millions of people around the world. With this important responsibility comes the need to ensure that high ethical standards are maintained, and that environmental and social harm is avoided at all costs. However, this can be easier said than done, as many companies rely heavily on vendors to provide vital services and products. These vendors, while essential to the day-to-day operations of the company, can also pose significant risks if they fail to uphold ethical and environmental standards.

Lack of Control Over Third-Party Vendors

The role of third-party vendors in the pharmaceutical industry is crucial, but it also poses a significant challenge – lack of control. This lack of control means that pharmaceutical companies have a difficult time implementing and enforcing risk management protocols, as they have limited oversight of these vendors. The risk posed by third-party vendors can include anything from data breaches, supply chain disruptions, regulatory violations, or even product recalls. The importance of managing the risk posed by third-party vendors cannot be overstated, as it can have far-reaching consequences for a pharmaceutical company’s reputation, financial performance, and, ultimately, patients’ safety.

Supplier Consolidation

With the consolidation of suppliers, companies are increasingly relying on a smaller pool of vendors to provide the necessary components and ingredients for their products. While this approach has its benefits, such as driving down costs, it also poses significant risks. In particular, the dependence on a limited number of third-party vendors increases the risk of disruptions in the supply chain. Whether due to natural disasters or unforeseen circumstances, any interruption in the availability of key ingredients or components can lead to significant problems for pharmaceutical companies.

Financial Risk

One of the biggest challenges that pharmaceutical companies face is financial risk, most notably when it comes to third-party vendors. These vendors can make or break a company’s success, and when they fail to deliver or when the supply chain is disrupted, it can have serious consequences. From delays in getting products to market to financial losses, the impact of these risks can be significant. It’s important for these companies to have a solid understanding of the risks involved and to have a plan in place to mitigate them.

How To Mitigate Third Party Vendor Risks In Pharma Supply Chain?

As the pharmaceutical industry increasingly relies on third-party vendors for the supply of raw materials, it only takes one incident of a faulty product, delayed shipment, or shortage of critical ingredients to impact a company’s bottom line and reputation.

To help mitigate these risks, CRI Group™ is launching a new third-party compliance verification and certification program, called 3PRM-Certified™.

With this program, pharmaceutical companies across the Middle East, Europe, and Asia regions can establish the legal compliance, financial viability, and integrity levels of outside partners, suppliers, and customers seeking to affiliate with their businesses. By thoroughly vetting potential partners and vendors, companies can better manage third-party risk in their supply chain, ensuring continuity and safeguarding their reputation.

Implementing a strong third-party risk management program that includes 3PRM-Certified™ can help pharmaceutical companies avoid potential supply chain disruptions, regulatory non-compliance, financial loss, and damage to their reputation. By taking proactive measures to assess and manage third-party risks, companies can improve supply chain continuity and ensure the integrity of their operations.

CRI Group’s 3PRM™ Solution: A Comprehensive Approach to Avoid Third-Party Vendor Risks

When it comes to third-party risk management, it’s important to have a comprehensive approach to mitigate potential risks. That’s where CRI Group’s 3PRM™ solution comes in. Our solution streamlines the entire third-party risk management process with scalability and efficiency, from risk identification to assessment.

Here are some ways that our 3PRM™ solution can help your business:

Due Diligence:

We conduct thorough due diligence to verify the legal compliance, financial viability, and integrity levels of potential third-party partners, suppliers, and customers.

Screening & Background Checks:

Our screening and background checks ensure that third-party entities have a clean track record and do not pose any potential risks to your business.

Regulatory Compliance:

We ensure that all third-party entities comply with relevant regulations and laws, including industry-specific regulations and global compliance standards.

Business Intelligence:

Information Management: Our business intelligence services provide critical information and insights about third-party entities, including their reputation, financial status, and potential risks.

Investigations:

Our investigations service includes IP investigations, fraud investigations, conflict of interest investigations, and more, to help you uncover potential risks and protect your business.

Anti-bribery & Anti-Corruption (ABAC) Compliance:

We help businesses comply with anti-bribery and anti-corruption regulations, including the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.

Employee Auditing, Training & Education:

We provide employee auditing, training, and education services to ensure that your team is knowledgeable about third-party risks and compliant with relevant regulations.

Monitoring & Reporting:

We offer ongoing monitoring and reporting services to ensure that third-party entities continue to comply with regulations and that their risk level remains acceptable.

By utilizing CRI Group’s 3PRM™ solution, your business can mitigate potential risks from third-party vendors and protect your reputation, financial stability, and compliance. Don’t let third-party vendor risks compromise your pharma supply chain. Contact CRI Group™ today to learn more about our comprehensive 3PRM™ solution and how we can help your organization mitigate risks and ensure compliance.

Filed under: Resources, Third-Party Risk Management by Faisal Shamraiz
Comments Off on Reducing Disruptions in Pharma Supply Chain

HR Summit & Job Fair 2023 Exhibition – Islamabad

Corporate Research & Investigations CRI Group™ cordially invites you to attend Pakistan’s HR Summit being held on May 27th, 2023, at Pak-China Friendship Center Islamabad!

We believe Pre-Employment Screening & Background Verification concepts are an inescapable recruitment tool for your organisation if you are looking to minimise risks surrounding a bad hire.

Join our vision to protect your business’s sustainability and welfare against unqualified contenders!

Filed under: All Industries, All Regions, All Solutions, Resources, Uncategorized by Faisal Shamraiz
Comments Off on HR Summit & Job Fair 2023 Exhibition – Islamabad

HR Summit & Expo (HRSE) KSA 19 – 20 June 2023 – Riyadh

Corporate Research and Investigations is a proud sponsor & exhibitor at the upcoming HR Summit & Expo (HRSE) being held in Riyadh this June 2023.

We cordially invite you to visit us at the summit and explore various opportunities we offer to Recruit Smart with EmploySmart™.

Filed under: All Industries, All Regions, All Solutions, Resources, Uncategorized by Faisal Shamraiz
Comments Off on HR Summit & Expo (HRSE) KSA 19 – 20 June 2023 – Riyadh

Ultimate Employer’s Guide to Pre-Employment Background Checks

McLane Foodservice paid $40,000 to settle the lawsuit due to a lack of pre-employment background checks on job applicants. Yes, that’s right! In 2017, McLane Foodservice, a Texas-based company, made headlines after settling a discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC) for $40,000. The lawsuit claimed that the company violated federal law by hiring an applicant with a criminal record without conducting a proper background check. The applicant had a criminal history, including a conviction for aggravated assault with a deadly weapon, and was hired to work as a delivery driver without a background check that would have revealed their criminal record.

This case serves as a crucial reminder for businesses of all sizes that neglecting to conduct proper background checks can put their companies at risk of legal action and create potential safety risks. In this blog, we will delve deeper into the importance of employee background checks and how to conduct them effectively to reduce hiring risks and improve the hiring process.

Why Conducting Pre-Employment Background Checks is Crucial for Businesses?

As an essential tool for many businesses, conducting background investigation on potential employees is critical to ensure that employers are hiring the best and most qualified candidates for their organizations. Neglecting to conduct background checks can lead to a range of issues, including increased risks to the business, legal repercussions, and damage to the company’s reputation. In this section, we will discuss the reasons why conducting background checks is crucial for businesses.

Improved Hiring Decisions

One of the primary reasons for conducting background screening is to improve the quality of hiring decisions. A background check can reveal critical information about a candidate’s history that may take time to be apparent from their resume or job interview. Information such as employment history, education, and criminal records can provide valuable insights into a candidate’s qualifications and suitability for the position.

Reduced Hiring Risks

Conducting background checks can help businesses reduce hiring risks by identifying potential issues that could impact the safety and security of the company. For example, a background verification may reveal that a candidate has a criminal record or a history of violent behaviour. This information can help employers make informed decisions about whether or not to hire a candidate.

Compliance with Legal Requirements

Many industries have specific legal requirements for conducting background checks on potential employees. For example, employers in the healthcare industry are required to conduct criminal background checks on employees who will have access to patients. Failing to comply with these requirements can result in legal action and potential damage to the company’s reputation.

Protecting the Company’s Reputation

Employing individuals with a history of criminal behaviour or other problematic issues can significantly damage a company’s reputation. Conducting background checks helps businesses avoid these situations by identifying potential issues before they become problems. By hiring qualified candidates with a clean record, businesses can protect their reputation and maintain the trust of their customers and clients.

Types of Pre-Employment Background Screening

Many companies turn to pre-employment background checks to ensure comprehensive screening of potential employees. These checks can provide valuable insights into a candidate’s employment history, qualifications, and character, allowing employers to make informed hiring decisions. This section will discuss the types of pre-employment background checks that businesses can use to mitigate hiring risks.

Address Verification

Address Verification confirms the accuracy of a candidate’s address and provides a physical verification of their location. This check can help businesses ensure that they are communicating with the correct candidate and that the individual resides in the location stated in their application.

Identity Verification

Identity Verification confirms the authenticity of a candidate’s identity. This check can include verification of a candidate’s Social Security Number (SSN), driver’s license, passport, and other identification documents to prevent fraudulent activity during the hiring process.

Previous Employment Verification

Previous Employment Verification confirms a candidate’s employment history, job title, duties performed, and reasons for leaving. This check can help businesses confirm a candidate’s employment history and determine if they have the necessary experience to perform the job.

Education & Credential Verification

Education & Credential Verification confirms a candidate’s educational background and any professional licenses or certifications they hold. This check can help businesses ensure that candidates possess the required qualifications for the position and have the necessary skills to perform the job.

Local Language Media Check

Local Language Media Check is a comprehensive search of local media sources in the candidate’s language of origin. This check can help businesses identify any potential negative media coverage of a candidate that may affect their suitability for the position.

Credit Verification & Financial History

Credit Verification & Financial History investigates a candidate’s financial history, including their credit score, public records, bankruptcies, and liens. This check can help businesses evaluate a candidate’s financial responsibility and identify any potential financial issues that may impact their job performance.

Compliance & Regulatory Check

Compliance & Regulatory Check helps businesses ensure that their hiring process complies with federal and state regulations. This check can help businesses avoid legal and financial repercussions by identifying potential compliance issues during hiring.

Civil Litigation Record Check

Civil Litigation Record Check searches for any civil litigation records against a candidate. This check can help businesses identify any potential legal issues that may affect their job performance.

Bankruptcy Record Check

Bankruptcy Record Check investigates a candidate’s bankruptcy history, including any current or past bankruptcies. This check can help businesses assess a candidate’s financial stability and identify any potential issues that may affect their job performance.

International Criminal Record Check

International Criminal Record Check searches for any criminal records outside of the United States. This check can help businesses identify any potential safety risks and ensure compliance with international regulations.

Integrity Due Diligence

Integrity Due Diligence investigates a candidate’s integrity and reputation, including any potential conflicts of interest, political affiliations, or involvement in unethical behaviour. This check can help businesses assess a candidate’s character and ensure that they align with the company’s values and culture.

Choose CRI Group™ For Pre-Employment Background Checks in 2023

Are you looking to hire new employees for your business? Do you want to ensure that you are hiring the best and most qualified candidates for the job? Look no further than CRI Group™ for pre-employment background screening. Here are some reasons why:

• EmploySmart™ Certified: Our pre-employment checks service is certified for BS7858, which ensures that we provide thorough background checks that are compliant with industry standards.
• Tailored Packages: We offer tailored pre-employment screening packages to meet the specific requirements of each position within your company, ensuring that you conduct comprehensive screenings for all candidates.
• Local and International Coverage: We are a leading worldwide provider of employee background checks, including pre-employment background checks. We specialize in local and international coverage, so you can hire confidently, no matter where your candidates are from.
• Avoid Negligent Hiring Liabilities: With our EmploySmart™ service, you can avoid negligent hiring liabilities and ensure that you are creating a safe work environment for all employees.
• Save Time, Money, and Reputation: By investing in comprehensive pre-employment background checks, you can avoid costly hiring mistakes that can lead to legal liabilities, financial losses, and damage to your brand reputation.

Background Screening and Vetting Services by CRI Group™: Ensuring Secure Hiring in Specific Industries

CRI Group™ is a leading background screening and vetting services provider, duly certified by the British Standard Institute for the scope of BS 7858:2019 Screening of individuals working in a secure environment, Code of Practice and BS 102000:2018 Code of Practice for the provision of investigative services. We specialize in providing services to specific industries, including:

British Standard (BS 7858):

Our background screening services for the UK market are in compliance with the Scope of BS 7858:2019 revised standard. This includes various checks such as Identity, address, and Right to Work in The UK verification in line with the DBS (Disclosure & Barring Service) document guidance, covering:

• Identity and address verifications.
• Right to Work (The UK verification).
• DBS (Disclosure & Barring Service, The UK verification).
• Previous Employment, Unemployment, and Self-employment verification (covering the last five years and auditing any gap periods if greater than 31 days).
• Educational Verifications.
• Financial Integrity Verifications (bankruptcy and insolvency checks).
• CCJ’s Record up to £10,000 (The UK verification).
• Civil Litigation Checks.
• Directorship Checks.
• Criminal History Record Checks
• Global Sanctions/Watchlist check.
• Social Media Background Checks (Depending on roles, such as senior or public relations roles – Recommended).

Choose CRI Group™  for pre-employment background screening and vetting services to ensure secure hiring in specific industries. Our comprehensive and customizable services can help you mitigate hiring risks, ensure compliance with legal requirements, and protect your reputation. Contact us today to learn more about our services and how we can assist your organization.

Filed under: Background Investigation, Employee Background Check, Resources by Faisal Shamraiz
Comments Off on Ultimate Employer’s Guide to Pre-Employment Background Checks

Pre-Employment Background Screening: The Importance of Human Due Diligence

In 2017, Amazon made a strategic decision to acquire Whole Foods, a move that promised to expand the e-commerce giant’s reach into the grocery space. But what looked good on paper quickly turned into a major cultural clash because the acquiring corporation neglected human due diligence and employee background screening of existing human capital. Amazon’s efficiency-driven, tech-centric culture thereby collided with Whole Foods’ more idealistic, people-focused approach and caused hindrance in ensuring a seamless deal transition.

The result was a suboptimal merger that failed to live up to its potential. Stories of Whole Foods’ processes being streamlined to make them more “efficient” had a negative impact on employee morale, and the cultures of the two companies never quite meshed.

This scenario illustrates the importance of human due diligence in M&A deals. A thorough understanding of the cultures, values, and attitudes of the companies involved is essential for a successful merger or acquisition. Without it, the resulting clash of cultures can lead to suboptimal results, lost productivity, and even employee turnover. As a business owner, it’s essential to invest time and resources into human due diligence, because at the end of the day, it could be the deciding factor between a successful acquisition and a costly mistake.

The Role of Pre-Employment Background Screening in Human Due Diligence

Pre-employment background screening is a crucial step in the human due diligence process. It involves conducting background checks, verifying qualifications, and assessing a candidate’s suitability for a particular role. With the rise in fraud and dishonesty in the workplace, pre-employment screening has become integral in ensuring that prospective employees are trustworthy and capable of carrying out their duties responsibly.

The Importance of Pre-Employment Background Screening

Pre-employment vetting is a proactive approach that organizations take to protect themselves from potential risks associated with hiring an employee. With the right screening process, companies can minimize turnover rates, prevent legal issues, and reduce the risks of reputational damage. A comprehensive background check process can also help identify candidates who may need to gain the necessary qualifications or experience and consequently prevent poor quality hires.

Furthermore, background verification is a necessary practice for certain industries, such as banking, healthcare, and education, where employees have access to sensitive information. It is an essential step for ensuring that individuals with criminal backgrounds, drug or alcohol abuse problems, or other negative behaviors are not hired for such positions.

Benefits of Pre-Employment background Screening

There are numerous benefits of pre-employment background investigation for an organization, including:

• Reducing turnover rates – Pre-employment background screening can help identify candidates who might not be suitable for the role, thereby reducing costly mistakes and improving employee retention.
• Legal compliance – Organizations need to comply with various laws and regulations when hiring employees. Conducting background checks helps to eliminate legal risks associated with hiring unsuitable candidates.
• Improved security – Pre-employment background screening helps to identify individuals with criminal backgrounds or other risks, thereby improving organization security and preventing internal fraud.

Consequences of Avoiding Pre-Employment Background Screening

Pre-employment background screening is an essential part of the hiring process that helps employers make informed decisions about potential candidates. However, some employers choose to avoid the process altogether, either because of a lack of resources or simply because they believe that it is unnecessary. This can have far-reaching consequences not only for the company but also for its employees and customers. Let’s explore five key consequences of avoiding pre-employment screening.

Increased Risk of Hiring Fraudulent Candidates

One of the biggest risks of avoiding pre-employment background screening is that the company may end up hiring fraudulent candidates. Without proper screening, it becomes easier for candidates to falsify their credentials, such as their education or work history, or even provide fake references. These fraudulent candidates may seem promising, but they can cause major problems for the company later on, such as damage to the company’s reputation, financial losses, or even legal issues.

Decreased Employee Productivity

When a company hires the wrong person for the job, it can lead to decreased productivity. This is because the employee may not have the necessary skills or qualifications for the position, may not fit in with the company culture, or may cause disruptions in the workplace. The result is a decrease in overall productivity, which can be detrimental to the company’s success.

Increased Employee Turnover

When employees are not vetted properly, they may not be a good fit for the company, which can lead to increased turnover. This can be costly and time-consuming for the company, as it must continually hire and train new employees to replace those who leave. Additionally, high turnover rates can negatively impact the company’s culture and morale, which can further decrease productivity.

Increased Risk of Workplace Violence

Another consequence of avoiding pre-employment background screening is an increased risk of workplace violence. This is because some individuals with a history of violence or other criminal activity may slip through the cracks if they are not thoroughly screened. This can create a dangerous situation for other employees and customers and can also result in legal and financial consequences for the company.

Decreased Customer Satisfaction

Avoiding pre-employment background screening can result in decreased customer satisfaction. This is because employees who are not properly vetted may not have the necessary skills or personality traits to interact effectively with customers. This can lead to customer complaints, negative online reviews, and a decrease in the overall business.

How to Avoid Consequences Of Avoiding Pre Employment Background Screening?

Avoiding pre-employment screening can have serious consequences for any business. At CRI Group™, we understand the importance of conducting thorough background checks to avoid potential risks and liabilities. Our certified BS7858 pre-employment background screening service, EmploySmart™, ensures a safe work environment by tailoring specific screening packages to meet the requirements of each position within your company. Whether you need local or international background checks, we’ve got you covered. Here’s how our employment screening services can help you avoid the consequences of avoiding pre-employment screening:

Experienced Integrity Due Diligence Team

Our team of experts specializes in domestic and international screening, and has extensive experience conducting background checks across various industries. Our team is well-equipped to handle any screening needs, providing you with the necessary insights to make informed hiring decisions.

Online Management and Quick Turnaround Times

We understand the importance of time and efficiency in the hiring process, which is why we offer online management and quick turnaround times. This allows for a seamless process, providing you with the necessary information in a timely manner.

High-Quality Searches

Our extensive quality controls and numerous checks ensure that you receive high-quality searches that you can trust. We strive for accuracy and attention to detail in all of our services.

Direct Access to Senior Staff Members

Our flat organizational structure allows you to have direct access to senior staff members throughout the due diligence process. This ensures that any questions or concerns are addressed promptly and with the necessary expertise.

Global Network and Multi-Lingual Teams

Our solutions are easily customizable and tailored to your specific concerns and risk areas, allowing us to address any decision-making across your business. With our extensive global network and multi-lingual teams, we can conduct assignments on thousands of subjects in over 80 countries.

Extensive Solutions

Our solutions include due diligence, employee pre and post-background screening, employment history verification, business intelligence, and compliance. We facilitate decision-making across all areas and departments of your business, providing you with the necessary information to make informed hiring decisions.

Our Pre Employment Background Screening Services

EmploySmart™ provides a comprehensive suite of pre-employment screening services and background checks to ensure that you are making informed hiring decisions. Our experienced team works as a trusted partner to HR and recruiting managers of corporations and institutions across the world.

Our services include:

• Address Verification (Physical Verification): We verify the candidate’s address to ensure that it is accurate and up-to-date.
• Identity Verification: We verify the candidate’s identity to ensure that they are who they say they are.
• Previous Employment Verification: We verify the candidate’s previous employment history to ensure that their work experience matches their resume.
• Education & Credential Verification: We verify the candidate’s educational credentials and certifications to ensure that they meet the qualifications for the position.
• Local Language Media Check: We conduct a media check in the candidate’s local language to uncover any negative press or publicity.
• Credit Verification & Financial History (where publicly available): We check the candidate’s credit and financial history to assess their financial stability.
• Compliance & Regulatory Check: We check the candidate’s compliance with industry regulations and company policies.
• Civil Litigation Record Check: We check the candidate’s litigation record to assess their legal history.
• Bankruptcy Record Check: We check the candidate’s bankruptcy record to assess their financial stability.
• International Criminal Record Check: We conduct a criminal record check in the candidate’s home country and other countries where they have lived or worked.
• Integrity Due Diligence: We conduct due diligence to identify any potential integrity issues, such as conflicts of interest, political affiliations, and more.

With CRI Group™ ‘s EmploySmart™, you can customize your screening package to meet the specific needs of each position within your company. Our team of more than 50 full-time analysts is spread across Europe, Middle East, Asia, North and South America and fully equipped with the local knowledge to serve your needs globally.

Let us help you make informed hiring decisions and mitigate the risks associated with negligent hiring.

Filed under: Due Diligence, Employee Background Check, Resources by Faisal Shamraiz
Comments Off on Pre-Employment Background Screening: The Importance of Human Due Diligence

UAE Imposes Fines on Non-Compliant Corporations: Is Your Business At Risk?

UAE Businesses Beware: AED 22.6 Million in Fines for Non-Compliance with Anti-Money Laundering and Terrorism Financing Regulations!

That’s right, the UAE’s Ministry of Economy has cracked down on 29 companies operating in the designated non-financial business or professions (DNFBP) sector for failing to comply with AML/CFT legislation. Violations ranged from a lack of internal policies and procedures to check customer databases against terrorism lists to failure to identify financial crime risks in their fields of work.

The message is clear – compliance with these regulations is no longer a choice, but a requirement. Businesses operating in the DNFBP sector must prioritize AML/CFT programs, including regular risk assessments, robust internal controls, and employee training.

Importance of AML/CFT compliance

The importance of anti-money laundering (AML) compliance cannot be overstated, especially within the UAE’s landscape, where the government is cracking down on non-compliant corporations. A robust AML compliance policy can not only protect against money laundering and terrorist financing but can also prevent fraud. Here are five key reasons why AML compliance is critical for businesses operating in the UAE.

Threat Evolution:

Criminal methods have become more sophisticated and complex, making them difficult to detect. Lone-wolf terrorists, cyber-enabled criminals, and e-commerce criminals are trending types of criminals in the UAE. It’s essential for businesses to stay ahead of these threats by complying with AML regulations.

Reputational Risk:

A crisis in Anti Money Laundering compliance can severely harm a company’s reputation and negatively affect customer trust. Companies that have been investigated or fined for non-compliance may need to appear more trustworthy to customers, leading to a loss of business. Protect your reputation by implementing a robust AML compliance program.

Poor Client Experience:

Non-compliance with AML regulations can increase the potential risk of fraud. A successful fraud attack can also affect the customers of a company. Don’t put your clients at risk – ensure that your business is fully compliant with AML regulations.

Regulatory Action:

The UAE has strict AML regulations that require financial institutions and businesses to comply with customer due diligence, transaction monitoring, and reporting of suspicious activities. Failure to comply can result in hefty fines and penalties imposed by regulatory authorities. Non-compliant businesses may face severe legal consequences, including criminal liability for individuals within the organization.

Financial Crime Persistence:

Enforcing AML regulations is crucial as financial crimes remain a persistent issue in the UAE. Money laundering enables criminal organizations to disguise the origin of their illegal proceeds, which can lead to economic instability, funding of terrorism, and loss of public trust in the financial system. Stay ahead of the game and maintain the integrity of your business by complying with AML regulations.

Penalties and Consequences

The UAE’s Ministry of Economy is intensifying field inspections and providing awareness and training support to DNFBP companies to ensure compliance with AML/CFT legislation and international standards issued by the Financial Action Task Force (FATF). With further punitive measures on the horizon, it’s more important than ever for businesses to stay ahead of the curve and ensure that they are fully compliant with AML/CFT regulations.

The penalties for non-compliance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) regulations are severe, and businesses must take them seriously. Failure to comply with AML/CFT laws can result in heavy fines, damage to reputation, and even criminal prosecution.

The consequences of non-compliance are not to be taken lightly. Heavy fines can severely impact a business’s bottom line, while damage to reputation can harm its ability to attract and retain customers. In some cases, non-compliance can even result in criminal prosecution. The risks are too great to ignore, and businesses must take the necessary steps to protect themselves.

Stay Ahead of the Curve: Protect Your Business with Robust AML Compliance

Are you concerned about the potential risks of money laundering and terrorist financing within your organization? Compliance with AML regulations is critical to protect your business and maintain the financial system’s integrity. At CRI Group™, we understand the importance of Anti-Money Laundering (AML) compliance and offer advisory services to analyze your systems and develop effective solutions to combat money laundering. Our unmatched investigative capabilities and worldwide presence make us uniquely qualified to resolve regulatory concerns and help businesses ensure compliance with AML/CFT regulations.

If you operate in the financial sector, complying with AML regulations is essential. Failure to comply can result in fines, reputational damage, and even criminal prosecution. That’s why we recommend registering with our anti money laundering services to ensure you’re following regulations for the prevention of money laundering.

At CRI Group™, our vast Anti-Corruption and Compliance network offers the protection you need when making critical bottom-line decisions. Leave it to our experts to help you with AML compliance and provide the protection you need to combat money laundering. With our 360-degree analysis of your challenges, we can ensure that your business is fully compliant with AML/CFT regulations, reducing the risk of fines and reputational damage. Here’s how CRI Group™ Group can help:

In-Depth AML Risk Assessment:

Our team of experts will undertake a comprehensive AML risk assessment to analyze the vulnerabilities and potential threats within your organization’s operations. The assessment will incorporate an evaluation of your existing AML policies, procedures, controls, and the nature of your company’s products, services, customers, and geographic locations. Our analysis and evaluation will help in identifying potential risks and emerging trends that are necessary for effective AML risk management.

GAP Analysis for the Scope of ISO 37301 Compliance Management System:

Our team of consultants will perform a detailed GAP analysis of your organization to ensure compliance with the ISO 37301 standard. We will evaluate your current system and processes, identify shortcomings, and present recommendations to help your company fill the existing gaps. Our analysis will facilitate the understanding of the roles, responsibilities, and competencies required for compliance with the standard.

Provision of AML Framework:

We will provide a comprehensive framework to guide your organization in establishing and maintaining an effective AML compliance program. This framework will include policies, procedures, and protocols for risk assessment, customer due diligence, transaction monitoring, and reporting. Our team will work closely with your staff to implement this framework for compliance with relevant laws, regulations, and industry best practices.

Global Sanction Screening & Third-Party Risk Management:

Our screening services will help identify, assess, and mitigate the potential risks associated with third-party relationships. With our global database, we can monitor a wide range of regulatory lists and relevant databases, providing you with peace of mind that your company’s dealings with third parties will not put your organization at risk of non-compliance with AML regulations.

Money Laundering Reporting Officer (MLRO):

Our team will assist your organization in the appointment of an MLRO. This officer will be tasked with overseeing your company’s AML policy and reporting matters to relevant regulators. We’ll help you identify a qualified MLRO who possesses the experience and knowledge required for carrying out this crucial duty effectively.

Policy Statement:

We will work with you to develop a clear and concise policy statement outlining your organization’s commitment to AML compliance. Our policy statement will outline the roles and responsibilities of all parties involved in the implementation of the AML policy, including the board of directors, senior management, employees, and applicable third parties/vendors. This statement will provide clarity on the compliance requirements, enhancing risk awareness and making it easier for employees to comply with AML legislation.

Identifying Financing Terrorism:

Our experts will assist you in identifying potential risks associated with financing terrorism. By conducting risk assessments and due diligence checks, we can help identify unusual transactions that could be linked to terrorist financing. Our team will help in the implementation of preventive and control measures, ensuring that your organization is always one step ahead of potential risks.

Corporate Principles – An Ethical & Integrated Business Approach:

We’ll help develop corporate principles that emphasize an ethical and integrated approach to doing business. Our team will work with you to identify fundamental values that your company stands for, and ensure that these are integrated into your operations. We’ll also help with the development of programs to encourage ethical behavior and integrity in your workforce. These corporate principles will help to build a positive reputation while displaying governance and a strong ethical culture.

Industries We Serve

At CRI Group™, we are committed to helping businesses across a wide range of industries to stay compliant with AML/CFT regulations. Our services are tailored to meet the specific needs of each industry, including:

• Automotive: Whether you’re a car manufacturer, dealer or supplier, our AML services can help you mitigate risks and ensure compliance with AML regulations.
• Aviation: Airlines, airports and other aviation companies face unique AML risks that require specialized solutions. Our experts can help you detect and prevent money laundering and terrorist financing activities.
• Finance & Professional Services: Banks, financial institutions, law firms and accounting firms all require robust AML compliance programs to protect their clients and reputation. We provide tailored solutions to meet the needs of each business.
• IT & Telecommunications: With the rise of online transactions, the IT and telecommunications industry faces new challenges in preventing money laundering and terrorist financing. Our AML solutions can help you stay ahead of the curve.
• Insurance: The insurance industry is vulnerable to money laundering and fraudulent activities. Our AML services can help you detect and prevent these risks, ensuring the integrity of the insurance system.
• Property: The real estate industry is also vulnerable to money laundering and terrorist financing. Our AML solutions can help property developers, agents, and managers detect and prevent these risks.
• Pharmaceutical & Healthcare: The pharmaceutical and healthcare industry faces a range of financial crime risks, including money laundering and bribery. Our AML services can help you ensure compliance and mitigate these risks.
• Oil, Gas & Energy: The oil, gas and energy industry is subject to unique risks that require specialized AML solutions. Our experts can help you detect and prevent money laundering and terrorist financing activities.

No matter what industry your business operates in, compliance with AML/CFT regulations is crucial. With CRI Group’s industry-specific solutions, you can rest assured that your business is fully protected against the risks of financial crime.

Don’t let your business fall prey to the threat of money laundering and financial crimes. Trust CRI Group™ to provide you with the expert advisory services and protection you need to ensure compliance and success in the financial sector. Contact CRI Group™ Group for Anti-Money Laundering (AML) Advisory service today and take the necessary steps to ensure compliance with AML regulations.

Filed under: AML Advisory Solution, Anti-Bribery Anti-Corruption Solution, Fraud Risk Investigation, Industry Insights, Insurance Fraud Investigation, Qatar, Doha, Resources, United Arab Emirates, Abu Dubai by Faisal Shamraiz
Comments Off on UAE Imposes Fines on Non-Compliant Corporations: Is Your Business At Risk?

CRI Group launches ESG Due Diligence to cut your Environmental, Social & Governance risks

The CRI Group’s 3PRM™ (Third-Party Risk Management Program) has launched its ESG Due Diligence program that defines, detects, and improves Environmental, Social, and Governance (ESG) risks for organisations.

Corporate Research and Investigations Limited’s ESG Due Diligence is aimed to support investors classify areas where companies may be exposed to substantial human rights and environment-related perils and red flags. It uses effective strategies to vet extended business relationships thereby evolving company’s sustainability and ESG rating.

We’ve taken corporate financial reporting to an advanced level with our ESG Due Diligence program structured to mitigate commercial risks by focusing on certain key features of ESG.

The four aspects of CRI Group’s ESG Due Diligence

• Business Overview & Assessment While traditional due diligence verifies asset ownership and key contractual risks, ESG due diligence requires a much broader analysis of potential risk exposures for the target company, especially when it comes to products, jurisdiction, industry/business sector, type of operations associated with the business, e.g., office, manufacturing/production, warehousing, logistics, etc. This overview also includes performing extensive background checks on decision-makers to uncover questionable precedents and behaviors of key stakeholders.
  
  
• Environmental Impact & Assessment CRI Group investigators, researchers, and subject-specific experts assess regulatory compliance implementation to record serious incidents and regulatory breaches regarding the environmental aspects of your organisation. Detailed findings on the nature of any incident, improvements made with corrective actions, the lessons learned, and regulatory action and proceedings against the subject in question (enforcement/prosecution/fine) are prepared and maintained for your records.
  
  
• Social Aspects Assessment CRI Group experts assess the Human Resources practices of the organisation, including (but not limited to) health and safety maturity levels, community involvement depending on the business sector (investments, sponsorships, donations, and type of operations), consumer safety, and product/services regulations, actions taken to ensure the health and safety of consumers, data protection and privacy of the consumers, any previous breaches, complaints, and the improvements and information security management system that have been put into place.
  
  
• Governance Assessment Our experts assess your organisation’s commitment and the responsibilities of senior management on sustainability, policies and procedures, anti-corruption and bribery monitoring, and best practices. What does your company currently do to safeguard against illegal practices? We check for any corporate mis-governance and/or ethics-related employee claims/breaches/enforcement/litigation action relating to issues such as anti-bribery and corruption, cases of unfair labor practices, human rights abuses, and other unethical business practices.
  
  

Delivering Value-Led Sustainability

In a bid to tackle human rights and environmental impacts across global value chains, a new European Union (EU) mandate now places liability on companies unable to assess and mitigate unethical third-party behaviour. The EC also unveiled plans to tackle forced labor and promote decent work worldwide – including a proposal to ban products produced with forced or child labor from the EU market. The new legislation will also complement Sustainable Finance Disclosure and Taxonomy Regulations.

The proposed directive is being described as a landmark moment for the environment and human rights and comes with costly obligations and penalties that could be imposed on companies, and the civil liability it could entail. This puts an end to the era of voluntary policing and requires companies operating in the EU to ‘identify, address and remedy their impact on human rights and the environment throughout their global value chains.’ The directive will benefit company investors who want to be assured that climate change, negative environmental impact, human rights, business ethics, and corporate governance are factored into their selections. Organisations of any type or size can benefit greatly from ESG Compliance by practicing good governance, starting with highly effective performance, responsible stewardship, and ethical behavior.

The benefits of good governance resulting from ESG Due Diligence are manifold as the resulting compliance certification will:

• Help increase organisational effectiveness, sustainability, accountability, and fairness.
• Fortify systems, methods, and processes to spot red flags and help avoid major incidents.
• Build a higher level of trust among stakeholders, shareholders, and the public.
• Demonstrate that the organisation is acting with integrity, transparency, and accountability.
• Establish credibility in the marketplace as the organisation is viewed as making a conscientious investment in responsible management.
• Provide a competitive advantage among potential business partners who perceive a well-governed organisation.
• Mitigate the potential risk of failure within the organisation’s systems.
• Conform to the internationally recognised and widely advocate regulatory requirements of an effective corporate compliance program.
• Maintain compliance with the European Supply Chain Act, the German Supply Chain Due Diligence Act (SCDDA), the EU Forced Labor Regulation, and other local, regional, and international regulatory frameworks.

On the flip side, the risks of non-compliance that companies will face include:

• Unsafe working conditions
• Discrimination
• Child labor and Forced labor.
• Unethical employment
• Environmental degradation
• Violations of freedom of association

CRI Group’s ESG Due Diligence will also throw up red flags, keeping investors safe from rogue companies. These warning signs include:

• Business Operations & Solvency
• Poor Reputation
• Past Allegations of Corruption
• Production, Quality, or Delivery Issues
• Conflicts of Interest
• Licensing & Credentialing Issues
• Links to Organized Crime
• Improper Payment Arrangements
• Workforce & Human Rights Issues
• Undisclosed third-party transactions
• Material misrepresentations or commissions
• Unreported financial difficulties
• Criminal or regulatory sanctions
• Undisclosed legal or bankruptcy proceedings
• Politically Exposed Persons – PEPs
• Environmental Negative Impact

There can be more red flags, of course, depending on the nature of the industry, scope, and jurisdiction of the subjects in question.

Filed under: Due Diligence, Resources, Third-Party Risk Management by Faisal Shamraiz
Comments Off on CRI Group launches ESG Due Diligence to cut your Environmental, Social & Governance risks

ACFE FRAUD CONFERENCE MIDDLE EAST 8 – 9 MAY 2023 | DUBAI

As a Platinum Sponsor of the conference, we aim to showcase our expertise to fraud prevention professionals and demonstrate our commitment to leading with diligence and promoting ethical business practices in the region.

Filed under: All Industries, All Regions, All Solutions, Resources, Uncategorized by Faisal Shamraiz
Comments Off on ACFE FRAUD CONFERENCE MIDDLE EAST 8 – 9 MAY 2023 | DUBAI

The CRI Group™ enters Saudi Arabia

We are now open in the holy state of Saudi Arabia

The CRI Group™, a global leader in Anti-Corruption, Compliance, Fraud Risk Investigations, and Third-Party Risk Management, has extended its reach into Riyadh, Kingdom of Saudi Arabia.

The CRI Group safeguards some of the world’s leading multinational organizations, by investigating the financial viability, business history, legal compliance, and integrity levels of third parties, outside partners, suppliers and customers seeking business affiliations with their clients.

“The world of business is getting increasingly risky,” says Zafar I. Anjum, CRI Group™ Chief Executive Officer. “From dishonest employees to rogue business partners, successful business organisations should assume that they are potential targets of corporate crime, and subsequently develop strategies to safeguard their operations. We are very pleased to be welcomed and accepted by the Ministry of Investment, Kingdom of Saudi Arabia, and look forward to working alongside the esteemed organizations that intend to expand their presence and investment in the Kingdom.”

A global network of professionals

The CRI Group has earned a credible reputation worldwide by successfully deterring, detecting, and investigating crimes against businesses. This success is the outcome of having a global network of professionals specially trained in business and third-party due diligence and Anti-Corruption accredited certification by CRI Group’s independent UKAS accredited certification body.

The CRI Group operates one of the largest multi-national Third-Party Risk Management teams the industry has to offer, employing a network of Certified Fraud Examiners, Compliance Experts, and Research Consultants strategically positioned across five continents and who possess an impressive array of industry backgrounds.

“CRI Group experts come from a variety of professions and possess industry knowledge and experience serving clients in the banking, investments, international finance, government, and public and privately held multinational business sectors,” says Mr. Anjum. “Our specialized capabilities and multinational resources enable us to perform in-depth investigations and research across nearly every corner of the globe. This worldwide knowledge base has set CRI Group apart as a leader in global investigative research for more than 32 years.”

CRI Group’s worldwide offices

The company currently maintains offices in the United Arab Emirates, the United Kingdom, the United States of America, Pakistan, Malaysia, Singapore, and Turkey, effectively serving its broad client base by providing professional services covering the Middle East, North Africa, South Asia, Europe, and the Asia Pacific.

CRI Group welcomes inquiries from KSA businesses. To reach Zafar I. Anjum, CRI Group CEO, call +971 50 9038184, +966 54 6932838 or +44 588 454959, or email zanjum@crigroup.com

About the CRI Group

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, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider.

VIEW 3PRM™ BROCHURE

CRI Group™ services such as DueDiligence360™, 3PRM™ and EmploySmart™ can significantly help organizations deal with bribery and corruption, third-party risk management, noncompliance with the regional and international regulatory framework and malpractice. 

VIEW EMPLOYSMART™ BROCHURE

CRI™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle, and it is a licensed and incorporated entity of the Dubai International Financial Center (DIFC) and Qatar Financial Center (QFC).

VIEW DUEDILIGENCE360™ BROCHURE

Mission and Vision of the CRI Group

• CRI® mission is to safeguard the corporate world by detecting and exposing those elements that can cause irreparable harm to a business
• We stand firm against outside forces that, through corruption, collusion, coercion and fraud, can cause financial, organizational, reputational and legal harm to our global clients
• We stand out as the preeminent provider of specialized investigative services that enable our clients to exhibit the highest standards of business integrity, ethics and behavior

About ABAC™

In 2016, CRI Group™ launched Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body that provides education and certification services for individuals and organizations on a wide range of disciplines and ISO standards, including ISO 31000:2018 Risk Management- Guidelines; ISO 37000:2021 Governance of Organisations; ISO 37002:2021 Whistleblowing Management System; ISO 37301:2021 (formerly ISO 19600) Compliance Management system (CMS); Anti-Money Laundering (AML); and ISO 37001:2016 Anti-Bribery Management Systems ABMS.

ABAC™ offers a complete suite of solutions designed to help organizations mitigate the internal and external risks associated with operating in multi-jurisdiction and multi-cultural environments while assisting in developing frameworks for strategic compliance programs. 

Contact ABAC™ for more on ISO Certification and training.

Filed under: All Industries, All Regions, All Solutions, Resources by Roque Fernandes
Comments Off on The CRI Group™ enters Saudi Arabia

FIFA World Cup highlights Africa’s sad story of Corruption

The action on the football field at the recently concluded 2022 FIFA World Cup in Qatar bore the strong imprint of African migration — and the stink of corruption. France’s Kylian Mbappe, one of the tournament’s best scorers and an early contender for best player, was born to a Cameroonian father, as was his teammate Aurélien Tchouaméni. Cody Gakpo, another top scorer from the Netherlands, was born to a Togolese father. The tournament’s youngest player, 18-year-old Youssoufa Moukoko, plays for Germany but was born in Cameroon, says a report on qz.com

In the 13th match of the World Cup, the Swiss striker Breel Embolo gently held his hands up after scoring the winning goal against Cameroon. Stopping himself from celebrating was a sign of respect: He had just scored his first-ever World Cup goal against the country where he was born, and where his father still lives.

Embolo was one of 136 soccer players in Qatar representing countries other than the ones in which they were born. At this World Cup, an astonishing 16% of players crossed borders to pursue their sport, shining an even stronger spotlight on the dynamics of immigration in international sport, says qz.com. And you can certainly add corruption here as a key factor driving the immigration of these players, with the biggest loser being Africa.

How Africa suffers due to corruption

About half of the players on France’s national team were of African descent. A story on ghanaweb.com says corruption is rife in Africa when it comes to national team call-ups, and merits are not taken into account.

Star French player Kylian Mbappe’s father Wilfried bears this out: “At first, I wanted my son to play for Cameroon but someone at the Cameroon Football Federation charged a sum of money that I didn’t have to make him play. The French didn’t charge anything.”

Can you imagine the wealth of football stars African nations would have if they didn’t ask players to pay to play for their football teams? Imagine what would have happened to Ronaldo and Messi if they were born in Africa! African nations can never hope to win big until corruption is eliminated there. 

Corruption costs both huge amounts of money and precious lives to countries all over the world. Corruption and bribery impact and cause severe harm to businesses, including causing financial loss, dire legal consequences, brand damage, damage to an organisation’s reputation, and impedes sustainable development.

CRI® Group experts have years of experience and have been trained to provide your business with bespoke advice that fits your organisation’s needs. Implement preventative measures in your workplace today and guide your team to an ethical and corruption-free way of working. 

GET IN TOUCH

Who is CRI Group™?

Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, the Middle East, and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, TPRM, Due Diligence, Compliance Solutions, 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, and is an HRO-certified provider, and partners with Oracle.

In 2016, CRI Group™ launched the Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards, including ISO 31000:2018 Risk Management- Guidelines; ISO 37000:2021 Governance of Organisations; ISO 37002:2021 Whistleblowing Management System; ISO 37301:2021 (formerly ISO 19600) Compliance Management system (CMS); Anti-Money Laundering (AML); and ISO 37001:2016 Anti-Bribery Management Systems ABMS. ABAC™ offers a complete suite of solutions designed to help organisations mitigate the internal and external risks associated with operating in multi-jurisdiction and multi-cultural environments while assisting in developing frameworks for strategic compliance programs. Contact ABAC™ for more on ISO Certification and training.

CRI Group’s EmploySmart™ — a pre-employment background screening process, can boost your fraud prevention efforts and provide a “boots on the ground” approach to extensive background checking.

LEARN MORE ABOUT OUR SOLUTIONS

The CRI Group™ invites you to schedule a quick appointment with them to discuss in more detail how we can help reduce the risk of bribery and corruption occurring and demonstrate to your stakeholders that you have put in place internationally recognised good-practice anti-bribery and anti-corruption controls.

Filed under: All Industries, All Regions, All Solutions by Roque Fernandes
Comments Off on FIFA World Cup highlights Africa’s sad story of Corruption