Chief Executive Officer
2:40 PM Demonstrating the Importance of Due Diligence and Risk Mitigation as a Process to Manage Conduct Risk in Business Relationships
Due diligence and risk mitigation is a crucial process to identify and manage conduct risks. Asking the right questions and understanding corruption prone sectors and jurisdictions is needed to enable effective strategies to target corruption and manage integrity and reputational risks. All institutions should have zero tolerance of bribery and corruption and enforce it through specific anti-corruption measures. Key questions and issues that both financial and nonfinancial entities can use to support robust conduct risk and identification of high risk sectors will be explored.
- Implementing a due diligence approach to conduct risk
- Encouraging transparency, disclosure and accountability to create a trustworthy environment
- Identifying what high risk sectors should be enquiring into for good conduct