New compliance portal from Kroll
Kroll has launched the Kroll Compliance Portal, which the company says has been specially designed for compliance and legal professionals to manage the regulatory and compliance challenges associated with third-party relationships, automate compliance activities and easily access Kroll's expertise.
Kroll reports its new portal offers a holistic approach to the compliance process, bringing together the four major components needed to help companies comply with the FCPA, UKBA and other global anti-corruption law: advice, technology, data and due diligence. Acting as an extension of compliance organizations, the portal provides users with access to modules designed to bring efficiency and consistency to third-party compliance programs.
For example, using the questionnaire module, compliance professionals can send, track and score customized questionnaires to internal stakeholders and external third parties, as well as automatically generate a risk score based on customized and client-defined risk parameters.
Further, First View, a real-time screening solution, enables fast and effective screening of third parties against millions of risk profiles, all from a user’s desktop. A related service, First View Resolution, allows compliance professionals to entrust Kroll’s in-house research team with the review of suspected false-positive hits. First View can be used for standalone screening or as part of the compliance workflow within the Compliance Portal.
Kroll Compliance Portal users will have seamless access to Kroll’s suite of due diligence reports as well as to experienced research analysts and investigators. Additionally, automated, pre-set workflows facilitate consistent and effective vetting and onboarding by linking together the First View Screening, Questionnaire, Due Diligence and Approve/Reject modules.