Vendor & Third-Party Risk Assessments
In today’s interconnected business environment, third-party relationships are essential—but they also introduce a wide spectrum of risks. Vendor & Third-Party Risk Assessments help organizations proactively identify, assess, and manage the potential threats posed by external partners, suppliers, contractors, and service providers.
We provide a structured and scalable approach to third-party due diligence, enabling your organization to maintain compliance, protect its reputation, and mitigate operational, legal, and regulatory risks across the entire vendor lifecycle.
Vendor & Third-Party Risk Assessments
- Supply chain risk
- ESG due diligence
- Sanctions & compliance checks
Case Study 1
Key Highlight: Political Exposure, Controversial Ties, and the True Cost of a Vendor Relationship
During a vendor due diligence exercise for a client related to an IT services firm, our investigation uncovered multiple red flags. Court records revealed the vendor firm had been involved in a case related to racial discrimination. Online forums further alleged unethical hiring practices, where contractors’ resumes were showcased to prospective clients but later these contractors were replaced with cheaper alternatives under the pretext of last-minute voluntary withdrawals. Scrutiny of the founder’s background revealed familial ties to a prominent family that owned acricket team franchise belonging to the most popular cricket league in India which was involved in several controversies relating to the team being owned by politically exposed persons, the franchise was purchased through bid rigging with the help of political contacts. Also, the founder was identified to have past directorships in companies owned by the same prominent family. Later it was discovered that the founder’s wife was born into this prominent family. Additionally, the founder’s social media activities revealedthat he had close political connections with a Member of the Legislative Assembly in Maharashtra. This case underscores the value of deep-dive due diligence that goes beyond surface-level checks to uncover reputational and relational risks.
Case Study 2
Key Highlight: Hidden Connections - How Risk Monitoring Uncovered Sanctioned Ties in a Vendor Relationship
We were engaged in conducting due diligence and monitoring on vendors of an electric scooter company in Europe. When investigating on a vendor we found that the vendor firm was involved in environmental controversies. However, the real turning point came few months later during one of our periodic risk monitoring reviews. We discovered that a subsidiary of the vendor firm had recently secured multiple external investments. One of the investors in the subsidiary, was a Russian oligarch—an individual facing international sanctions and widely associated with high-risk political and financial networks.
This discovery was critical. By identifying the vendor’s indirect exposure to sanctioned entities, we enabled our client to take immediate corrective action, avoiding what could have evolved into a serious reputational and compliance risk.
