According to UN estimates, 25 million people worldwide live in conditions of Modern Slavery. Of these, 16 million work in some of the worst forms of forced labour, including agriculture, domestic servitude, construction, and sex work. One in four slaves is a child, according to global estimations. While shocking, the issue has only recently gained global notoriety and importance,
Modern Slavery is a global issue. Forced labour generates $150bn per year globally. Governments are demanding business action. To name a few: In Australia, businesses with revenues of more than AU$100m must publish a
These days, it’s not just the FCPA, theft, fraud and money laundering that one must worry about when operating in unfamiliar markets. New developments such as ESG failures, forced labour, cyber-attacks and political risk are rapidly emerging as causes of concern and are more likely to
With increased regulatory and reputational pressure, and more complex supply chains, third-party risk management is becoming increasingly important for organisations. Trends such as the growing number and complexity of third-party relationships, increasing penalties, and
Author: ethiXbase Executive Summary: The first reporting deadline for the Modern Slavery Act is fast approaching It’s not too late for organisations to get their house in order Beyond compliance, this is an opportunity to
A key question about third-party due diligence: how much is needed, how much is enough? In a recent Walden Pond podcast, Taylor Twinning, Director of Sales at ethiXbase, joined VInce Walden of Alvarex & Marsal
Author: ethiXbase Executive Summary: In traditional third-party risk management, organisations create extensive questionnaires to be completed manually. How can a smart technology solution relieve this burden? Introducing modern technologies and programming into the due diligence
Author: Leas Bachatene Trying to identify the Ultimate Beneficial Owner (or UBO) of a third party can be challenging. Of course, knowing the identity of “The natural person(s) who ultimately owns or controls a customer
Author: ethiXbase Executive Summary: The Coronavirus pandemic has put the global food supply chain under unprecedented strain. What are the long term implications? Protectionist measures adopted by some countries, transport issues, labor shortages and changing
Author: Kevin Spiers The benefits of using technology to manage third-party risk are not lost on compliance professionals. When you consider the growing size, complexity and geographic diversity of companies’ third-party ecosystems, it’s easy to
In a time of universal deceit, according to Orwell, telling the truth is a revolutionary act. In today’s business environment, truthful business is no longer a revolutionary act, but is a necessary co…
ethiXbase looks back at some of the most significant anti-corruption developments across what has been a tumultuous 2016. View this presentation which outlines our most read Ethical Alliance Daily New…
