Speaker 1: Companies operating around the world need to engage third parties to conduct and sometimes facilitate their business. But in today's world, working with the wrong third party or business partner could result in legal action, regulatory sanctions, financial losses, and serious damage to your company's reputation. That's because many global companies are finding it difficult to perform effective due diligence on foreign agents and third parties. That's where KPMG can help. Our third-party risk management program utilizes a proven four-step technology-enabled approach that's efficient, scalable, and can be fully customizable into your overall compliance program. We begin by helping you identify the universe of third parties that should be subject to further review based on your compliance and risk management objectives. This is a challenge as they often exist in distant markets on disparate systems. By applying data analytics, we can better select those third parties who will be subject to additional review as required by your compliance program. Once we've identified your in-scope third parties, we apply an initial risk rating based on parameters relevant to your business. We leverage information from your own databases as well as from tailored due diligence questionnaires sent to your third parties. Next, KPMG helps perform risk-based due diligence. This can range from high-level screening to enhanced desktop due diligence or tailored in-country investigative procedures. Here, we utilize Asterisk, our proprietary web-enabled integrity due diligence solution. With Asterisk, we can access more than 40,000 data sources in over 190 countries, leveraging our proprietary search technology that indexes data in more than 88 languages. Asterisk searches for things like shareholders, negative media reports, sanctions and political exposure, lawsuits, corporate interests, business background, and much more. Asterisk's due diligence reports are prepared using Forensic Insight, using Forensic Professionals that can be customized to support your various stakeholder requirements and user roles. You decide whether to accept the risk associated with each third party, to cease activities with them, or gather further insights. This can involve enhancing contracting provisions, performing contract compliance reviews, third party training, and improving third party program controls. As well, you should consider monitoring certain risky third parties. What you don't know about your business partners can hurt you. Don't be caught off guard. Let KPMG help you examine your business relationships in order to assess risk, make more informed decisions, and comply with laws and regulations.