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Global supply chains carry significant risks but 43% of third-party relationships are not subject to any form of due diligence checks despite greater regulation and stronger enforcement action, new research shows. Watch our on-demand webinar to explore why companies are struggling to monitor third parties and protect themselves from risk.

In 2019, companies received penalties totalling a US$2.9 billion under the US Foreign Corrupt Practices Act. In 2020, it's already reached US$2.1 billion at the end of March. That, coupled with the fragility of supply chains and increasingly sophisticated financial crimes, indicates that the cost of insufficient due diligence and risk management procedures has never been greater.

In this webinar, we discussed:

  • How the current landscape is giving rise to greater risk exposure, especially with regards to supply chain and third-party risk
  • The human costs of financial crime including modern slavery and trafficking
  • The increasing reputational risk and risk of prosecution due to active regulators, investors and customers
  • What challenges companies are facing in identifying supply chain risk, monitoring third-parties, and managing competing risk priorities
Event info
Format: On-demand
Duration:  1 Hour


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Alice Cope
Senior Advisor
Pillar Two

Alice is a Senior Advisor with Pillar Two, where she advises organisations on sustainability risks and opportunities, with a particular focus on human rights and stakeholder engagement. Alice started her career as a corporate lawyer before working as a Policy and Sustainability Advisor in New York with the UN Global Compact, the world’s largest corporate sustainability initiative. After returning to Australia, Alice was appointed as the inaugural Executive Director of the UN Global Compact Network Australia, where she worked with many of Australia’s leading companies, government and other stakeholders on sustainability risks and opportunities, strategies, frameworks and policies.

Karin Ragel
Head of Supply Chain Risk

Karin is Head of Supply Chain Risk at Lendlease. A relatively newly created role which sits within the group’s Supply Chain team, Karin is responsible for driving enterprise wide approaches to managing supply chain risk at Lendlease. With the renewed focus of organisations on good corporate governance, supply chain risk management is a critical consideration for any large, diversified corporate group such as Lendlease. Within Karin’s remit sits Lendlease’s approach to tacking modern slavery, supporting the business to make more informed procurement decisions with efficient supply chain systems and data management and supplier risk segmentation.

Prior to this role, Karin was Head of Legal for Lendlease Building and a member of the Executive Management Team for that business. Her role entailed management and oversight of contract negotiations to support work winning, compliance with regulatory requirements, risk management for projects in delivery and disputes management.  

Charles Minutella
Head of Enhanced Due Diligence

Charles Minutella leads business development, industry adoption and client experience for KYC Solutions. He is responsible for the design and adoption of Know-Your-Customer-related managed services for buy and sell side clients.

Charles has a deep knowledge of process outsourcing related to client onboarding and enablement within financial services. Prior to his current role, he founded the Financial Markets Documentation practice for Pangea3 (now Thomson Reuters Legal Managed Services), one of the first and largest alternative legal services firms.

He was responsible for all aspects of solution design and global client adoption related to the outsourcing of OTC derivatives contract negotiation and intelligence. In addition, Charles led the Thomson Reuters response to the BCBS-IOSCO margin requirements for non-centrally cleared derivatives, which included the creation of a technology-enabled managed service in partnership with Clifford Chance LLP.

Phil Malcolm
Head of Market Development, Risk

As Regional Performance Director, Risk, APAC at Refinitiv, Phil has regional responsibility for driving the execution of the Risk strategy Asia wide.

Phil is a certified Anti Money Laundering Specialist, (CAMS) and has worked on a broad range of compliance solutions in Tier 1 and Tier 2 institutions, corporates and Government. Prior to joining Refinitiv Phil was with Oracle Financial Services where he was the Leader, Financial Crime and Compliance for the JAPAC region.

He has vast experience working in a variety of solution sales and sales management positions focusing on compliance in financial services. He has gained extensive knowledge dealing with a wide range of firms around RegTech, AML, KYC, Sanctions, Conduct Risk, Fraud, Supply Chain Risk and Trade Finance AML.


Access this report to find out:

  • How various factors have impacted the risks that organizations face – and their ability to manage them.
  • How COVID-19 is set to have a substantial impact on the risk landscape, particularly in terms of supply chain and third-party risk.
  • Why green crimes and environmental risks are rising; and require more accurate analysis.