What Is Risk Monitoring?
Risk Monitoring is an ongoing follow-up service that makes it possible to continuously update the risk profile of third parties with whom there is already a contractual or business relationship. Unlike a one-time screening, this service ensures постоян vigilance over relevant changes that may affect the legal and reputational security of the business.
What Does the Client Receive?
The client receives periodic reports with updated risk profiles, identification of new alerts, a renewed classification of the level of exposure, and strategic recommendations regarding any relevant changes. In addition, the service includes a comparative analysis against the initial assessment, making it possible to understand how the risk has evolved and to make informed decisions in a timely manner.
Timely Detection of Emerging Risks
Monitoring makes it possible to identify, in a timely manner, risks associated with money laundering, terrorist financing, corruption, fraud, sanctions, public investigations, and reputational deterioration. Risk may arise even after a contract has been signed, which is why this service helps organizations avoid finding out too late. It is especially recommended for long-term relationships, ongoing contracts, strategic suppliers, active partners, and transactions with international exposure.
Continuous Prevention for Secure Decisions
The real risk lies in looking away. Risk Monitoring turns prevention into an ongoing process, allowing clients to detect changes in a third party’s risk profile, anticipate reputational impacts, adjust contractual terms, and comply with ongoing due diligence standards. The entire process is carried out under strict confidentiality and professional privilege standards, ensuring legal certainty at every stage of the business relationship. It is recommended that this monitoring be conducted every six (6) months.
Fees starting at: COP 450,000 / USD 125
