Third Party Risk Management
In China’s intricate regulatory and business landscape, third-party relationships from suppliers and distributors to agents and joint venture partners—carry significant compliance, operational, and reputational implications. Effective oversight is not optional but essential.
Our Third-Party Risk Management service delivers comprehensive, China-specific protection through market-informed diligence, regulatory expertise, and governance rigor. We go beyond surface-level checks, combining in-depth screening with ongoing risk monitoring, compliance alignment, and adaptive governance structures. Whether you’re entering new partnerships or streamlining your existing network, we ensure that your third-party ecosystem remains resilient, responsible, and aligned with your strategic objectives.
From uncovering hidden ownership ties and identifying sanctioned partners to embedding anti-corruption controls and data-privacy safeguards, our approach empowers you with clarity and confidence to protecting your brand, operations, and bottom line.
Effective Third-Party Risk Management protects against legal exposure, operational disruptions, and reputational damage. We combine local regulatory expertise, cross-cultural business insight, compliance standards to safeguard your business relationships and supply chains
Pre-Onboarding Screening
- Conduct in-depth background checks on potential suppliers, distributors, agents, and partners.
Regulatory Compliance Verification
- Confirm business licenses, corporate registration, and regulatory standing with Chinese authorities.
Beneficial Ownership Identification
- Trace ownership structures to identify undisclosed stakeholders or state involvement.
Reputation & Integrity Checks
- Assess litigation history, media coverage, and sanctions exposure.
Anti-Bribery & Corruption (ABC) Compliance
- Align third-party practices with China’s Anti-Unfair Competition Law, the Criminal Law, and applicable standards.
Export Control & Trade Compliance
- Assess exposure to Chinese export controls and restricted-party lists.
Data Security & Cyber Compliance
- Evaluate third-party handling of data in line with China’s Personal Information Protection Law (PIPL) and Cybersecurity Law.
Ongoing Risk Monitoring
- Use structured monitoring programs to detect changes in financial health, ownership, or regulatory status.
Performance & Compliance Audits
- Conduct regular audits to ensure contractual, ethical, and operational compliance.
Red Flag Alerts
- Implement real-time escalation procedures for suspicious activity or violations.
Risk-Sharing Mechanisms
- Incorporate compliance clauses, audit rights, and termination triggers into third-party contracts.
KPI & SLA Development
- Define clear performance metrics and compliance benchmarks.
Governance Frameworks
- Set up clear oversight processes, reporting lines, and accountability mechanisms.
Third-Party Compliance Training
- Educate partners on Chinese regulations, your company’s code of conduct, and global compliance standards.
Internal Team Training
- Equip procurement, sales, and operations teams to identify and manage third-party risks.