Bundled ABAC Solution

17 January 2018 - 12:00 am UTC

Bundled ABAC Solution

Press Release:
Opus Announces New End-to-End Solution for Effective Anti-Bribery Compliance

Combining Hiperos 3PM automated workflow and advanced screening with comprehensive global risk data from C6 Intelligence, clients can now achieve modern, robust compliance quickly and easily

XX January 2018, New York, London & Singapore: Opus, the leading provider of global compliance and risk management solutions, today launched a new turnkey solution that dramatically simplifies and speeds up compliance with anti-corruption regulations. Combining pre-configured and automated workflow and screening capabilities from Opus’s leading third-party management solution, Hiperos 3PM, with comprehensive, global risk data from C6 Intelligence (C6), a leader in Adverse Media, Anti-Bribery & Corruption, Anti-Money Laundering and Fraud intelligence, the new solution puts all the tools global corporations need to manage their anti-bribery/anti-corruption (ABAC) risks in one place.
Bribery and corruption are among today’s most pressing risks, as companies around the world look across borders to grow their business, often engaging local partners to support their expansion into new territories. As third-party networks expand, so does exposure to corruption risk, and compliance teams are coming under significant pressure to improve their ability to quickly and easily identify, assess, mitigate and manage this risk.

“Some companies have matured third-party management programs that address bribery and corruption risk as part of a holistic third-party risk process, but the vast majority have independent anti-corruption compliance programs that rely more on traditional enhanced due diligence,” says Emanuele Conti, CEO at Opus. “These companies are now looking to deploy a more sophisticated and risk-based approach to compliance, that integrates flexible workflow solutions with business intelligence but weren’t finding the right solutions. We heard their feedback, leading us to develop our latest offering with our trusted partner, C6.”
Joel Lange, Managing Director from C6 said, “We are thrilled to partner with Opus to help clients meet regulatory guidance and use proven best practices to move beyond a traditional, due diligence led approach towards a more sophisticated and risk-based approach that significantly increases efficiency and enhances protection from risk.”

The powerful combination of Opus’s workflow and C6’s high-quality risk data allows organizations to streamline and drive consistency in their compliance processes, including:
• Pre-built questionnaires for segmenting third parties according to risk and for gathering due diligence data
• Advanced risk screening against C6 global data that minimizes false positives
• A user-friendly interface to review due diligence findings, seamlessly order enhanced due diligence and approve/deny third parties
• Comprehensive reports that provide a holistic view of all third-party risk at any point in time
• Ongoing monitoring that alerts users to material changes in the profile of a third party

To learn more about Opus’s Anti-Bribery & Corruption compliance solutions visit: https://www.opus.com/solutions/anti-bribery-corruption/.