In 2011, the World Economic Forum’s Partnering Against Corruption Initiative (PACI) launched a working group charged with developing Good Practice Guidelines on Conducting Third Party Due Diligence. The guidelines are aimed at helping organizations mitigate the risk of becoming involved in corruption through third parties (e.g. agents, suppliers, joint venture partners).
The Good Practice Guidelines on Conducting Third Party Due Diligence is meant as a practitioner’s guide and is intended for all types of businesses. The guidelines will not prescribe which third parties should be subject to due diligence or rate third-party corruption risk, as these will measures will necessarily differ from company to company.
The Guidelines are located here: World Economic Forum ConductingThirdPartyDueDiligence_Guidelines_2013