Quick Reference: THIRD for Third Parties
Recall the core due-diligence checks for third parties acting on the company behalf.
Memory aid THIRD What does THIRD check before third-party approval? Review depth Low-risk supplier versus high-risk intermediary Risk-based due diligence means review depth changes with the third-party role. Objection The partner already signed our anti-bribery clause, so the file is complete. A clause is being treated as due diligence. Your line The clause is one control, not the whole review. We still need identity, rationale, risk touchpoints, and the monitoring plan before approval. Contract terms cannot reveal hidden ownership or explain unusual compensation by themselves. It gives credit to the clause while naming the missing due-diligence work. Fast test Which…
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