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Third-party Risk Management | CRI Group

Third-party Risk Management

Checkmating your business risks with confidence.

CODIV-19 is making many organisations rethink the nature of work, workforces, and workplaces as talent gaps appear, analytics and automation has it traditionally human-performed jobs have to be re-considered. Third parties can play a part in many of those changes. Ask yourself, does your organisation…
  • Have lack of visibility or understanding of the danger of  the risks posed by your relationships with many types of third parties?
  • Want greater visibility into third-party performance & risks?
  • Need to improve operational costs, process, efficiencies, & organisational agility associated with your third-party relationships?
  • Need to gain greater control over the related risks?
  • Want to be confident that third parties are compliant with your business’ policies, as well as their own—based on government regulations & industry requirements?
If yes, then you need a third-party risk management solution. As a focus of our third-party risk management (3PRM™) strategy, CRI Group uses 3PRM™ to establish the legal compliance, financial viability and integrity levels of outside partners, suppliers, customers and other sources worldwide that seek potential affiliations with your organisation.


CRI Group’s own exclusive, expert-developed 3PRM™ services help you proactively mitigate risks from third-party affiliations, protecting your organisation from liability, brand damage and harm to the business. Whether your organisation has a large, well-established third-party program, is in the early stages of development, or is anywhere in between, 3PRM™ solution can improve the health of your program and future-proof your entire business in many forms. Our 3PRM™ solution streamlines the third-party risk management process through scalability, and efficiencies – from third-party risk identification to assessment what sets us apart is that our 3PRM™ solution includes:
From cybersecurity to anti-bribery, our solution is flexible and responsive to the various risk domains that are most important to your business. With a network of trained professionals positioned across five continents, CRI Group’s 3PRM™ services utilise one of the largest multi-national fraud investigation teams the industry has to offer.


  • Supplier and vendor information management
  • Corporate and social responsibility compliance
  • Supplier Risk Management
  • IT vendor risk
  • Performance measurement
  • Contract risk management
The role or size of the third-party is not as important as the nature of the relationship they have with your business. Think of your third party level of access to your sensitive data or your property! A cleaning company with access to your filing cabinet represents a different but still significant risk. And remember you are accountable for the inappropriate actions of any of your third parties.


3PRM™ is especially critical when your business:

  • Performs pre-merger & acquisition research
  • Conducts due diligence
  • Engages new clients
  • Employs, contracts or retains foreign business partners
  • Requires a consistent & audit-worthy anti money laundering & anti-corruption compliance program

When implementing 3PRM™ you can focus on:

  • Providing third-party risk assessments
  • Meeting contracting requirements
  • Conducting integrity due diligence
  • Providing management oversight

And avoid:

  • Merging with an international business embroiled in behind-the-scenes legal battles
  • Getting caught up in making procurement decisions involving the inappropriate influence of government officials who were slated to receive kickbacks
  • Partnering with organisations that are potential credit risks, have claimed bankruptcy, have dissolved stated companies or are faced with debtor filings
  • Awarding work to an overseas contractor with absolutely no prior experience
  • Affiliating with a contracting company owned by a politician with significant influence on future awards


Our full 3PRM™ suite of services can help you transform, implement & manage third-party risk management efforts:

  • Diagnose, develop & enhance your program or function around:
    • Governance & oversight
    • Policies & standards
    • Third-party inventory
    • Risk approach & models
    • 3PRM™ processes & assessment frameworks
  • Profile third parties & assess their risk & controls leveraging your framework or ours, covering:
    • Risk profiling
    • Global onsite & remote-control assessment execution across all risk domains (e.g., cyber, resiliency, financial health & regulatory compliance)
    • Analytics & reporting
  • Manage third-party risk processes across the relationship life cycle, to provide:
    • Pre-developed risk models, review criteria & reporting
    • Risk profiling/third-party inventory
    • End-to-end third-party oversight & governance
    • Global onsite & remote-control assessment execution across all risk domains (e. g., cyber, resiliency, financial health & regulatory compliance)


CRI Group has one of the largest, most experienced and best-trained integrity due diligence teams in the world. We have a flat structure which means that you will have direct access to senior members of staff throughout the due diligence process. Our multi-lingual teams have conducted assignments on thousands of subjects in over 80 countries, and we’re committed to maintaining and constantly evolving our global network.
Our 3PRM™ service is flexible and we will tailor our scope to address your concerns and risk areas; saving you time and money. Our extensive solutions include due diligence, employee pre & post background screening, business intelligence and compliance, facilitating any decision-making across your business no matter what area or department.


When is due diligence most critical?

Defined in the most basic way, due diligence means taking reasonable steps to satisfy legal requirements in the conduct of business relations. The reality of proper due diligence, however, means so much more: it allows you to reduce risks, including risks arising from the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, to […]

ISO 37001: Applying Anti-Bribery Framework to Third Parties

In 2016, responding to the need for a global standard to help organisations prevent and detect bribery and corruption, the International Organization for Standardization (ISO) introduced ISO 37001: Anti-Bribery Management Systems. This certification provides the anti-bribery framework for organisations of any size or industry to implement practical solutions against bribery. Perhaps overlooked, however, is the […]

Employee background screening during COVID-19

A Revised Standard for Screening Individuals Working In Secure Environments The far-reaching impact of the COVID-19 outbreak has affected virtually every business and economic sector worldwide, and depending on the global region, has hampered (on various levels) the ability to conduct proper and thorough background screening investigations. In the United Kingdom and the United Arab Emirates, […]