Themis has announced the release of a supply chain risk assessment tool that allows users to map high risk geographies and sectors against risks relating to modern slavery and human trafficking, drugs, wildlife and arms and trafficking, bribery and corruption, fraud, money laundering and terrorist financing.
Dickon Johnstone, CEO of Themis, said: “In a globalised society where the majority of companies and consumers are connected to an international supply chain, organisations run a far greater risk of exposure to financial crime. With each new layer of sub-contraction, profit margins tighten and the incentive and scope for fraud, corruption and corner-cutting increases. Our supply chain risk assessment is a great tool for companies trying to understand the breadth and depth of their supply chains - and the risks they pose - in a coherent way.”
Zia Zaidi, product manager at Themis, added: “Themis Risk Management software provides comprehensive financial crime risk assessment capabilities. It helps you identify and assess the specific financial crime threats your business is exposed to, the relative strengths and weaknesses in both your firm’s anti-financial crime governance, systems and controls and that of your suppliers and third parties."
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