Third-Party Due Diligence Best Practices
Reciprocity
OCTOBER 7, 2024
Third-party due diligence is the process of vetting suppliers, distributors, and service providers using a risk-based approach to uncover any red flags that may indicate a danger to your business. Making a list of all prospective third parties and assessing their risk is the first step in the third-party due diligence procedure.
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