CHAPTER 5: RISK ASSESSMENT IN DUE DILIGENCE
Risk assessment in relation to due diligence
As with any other compliance risk, there should be an agreed programme of risk assessments for the risks of bribery and corruption, including any perceived risk of blackmail or other forms of intimidation. This needs to be consistent with the risk- and opportunities-based approach required by ISO 37001. Due diligence may, in reality, be a suite of more tactical processes that sit below these high-level policies and controls.
Some risk assessments will be combined with others within the organisation, e.g. treasury or procurement controls and wider security assessments, especially if business activities are regularly undertaken in higher-risk sectors or countries. ...
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