Regulatory pressure on organisations is growing by the day and
spanning a vaster and more complex agenda. Risks related to bribery
and corruption, money laundering, sanctions, data privacy,
cybersecurity, ESG, and AI form an increasingly complex regulatory
landscape that is compelling companies to enhance their compliance
and risk management frameworks.
Regulatory expectations around third-party risk management are
tightening with regulators increasingly scrutinising companies'
outsourced activities, resilience controls, and oversight of
business relationships and, in several cases, imposing fines or
remedial orders.
Indeed, in recent years, the European Union (EU) and several
member countries have ramped up enforcement activity, issued major
fines and sought to criminalise non-compliant behaviours –
such as unlawful cross-border transfers of personal data of EU/EEA
users, bribery schemes via third-party business partners, or
violation of the sanctions
