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Companies Are Sinking In Risk: Thomson Reuters 2016 Global Third Party Risk Survey - Many Companies Are Struggling To Monitor Risks Posed By Their Suppliers, Distributors And Partners Due To Internal Pressures, Lack Of Actionable Data And Insufficient Attention To Potential Consequences

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Global companies are opening themselves up to greater risk including bribery and corruption and modern day slavery by conducting due diligence on just 62 percent of their suppliers, distributors, and third party relationships, with only 36 percent fully monitoring the ongoing risks and 61 percent not even knowing the extent to which third parties are outsourcing their work, a global Thomson Reuters survey has found.

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