In this thought-provoking analysis, Dermot Corrigan, CEO of smartKYC, examines the far-reaching implications of the US Department of Justice’s 2024 updates to its ‘Evaluation of Corporate Compliance Programmes’ guidance. Corrigan explains how these changes, alongside the EU’s Corporate Sustainability Due Diligence Directive (CS3D), are reshaping the landscape of third-party risk management for global organisations. 

Corrigan reviews the unprecedented challenges faced by multinational corporations in achieving regulatory compliance, including the vast scale of supplier networks, multilingual data processing, and the need for 24/7 risk monitoring. He makes a compelling case for AI as the only viable solution to these complex issues, while also addressing concerns about responsible AI implementation. 

Download the full article now to gain critical insights into the future of corporate compliance.