OneTrust's Third-Party Due Diligence solution is designed to help organizations manage third-party risks, comply with global regulations, and foster a culture of trust. It automates third-party screening, risk management, and monitoring to enhance compliance programs. The solution provides visibility into third parties through compliance checks against various risk factors such as adverse media, sanctions lists, and more. It also offers tools for risk assessment, prioritization, and remediation activities.

Key Features

Automated Third-Party Screening Automate the process of screening third parties to identify potential risks.

• Integration with compliance screening providers
• Checks against adverse media, sanctions lists, PEP lists

Centralized Risk Management Manage third-party risks in a centralized directory prioritized by risk tiering.

• Access details from both internal and external sources
• Use out-of-the-box risk assessment templates

Enhanced Due Diligence Reports Generate detailed reports for high-risk third parties.

• Coverage for financial, reputational, and regulatory risks
• Supports FCPA, UK Bribery Act, Sapin II compliance

Benefits

Improved Compliance Helps organizations meet various international compliance requirements.

• Supports Foreign Corrupt Practices Act (FCPA) compliance
• Ensures UK Bribery Act and Sapin II compliance

Efficient Risk Management Streamlines the process of identifying and managing third-party risks.

• Automated workflows and reminders
• Audit-ready reports for demonstrating program performance