Conducting third-party due diligence is only useful if the exercise leads to the effective identification and mitigation of corruption risk. The Anti-Corruption Report recently spoke with representatives from a wide variety of companies, including BDP International, Public Interest Registry and TE Connectivity, and identified seven red flags they look for when vetting third parties and what they do when they find them. We also discussed how and when to update diligence files to ensure that potential issues are caught in a timely manner. The first article in this three-part series discussed how companies can right-size their diligence programs and provided strategies for ensuring that those programs are appropriately risk-based. The second article addressed the information-gathering phase of the diligence process, revealing eight basic categories of information a company may want to look for and four methods of getting that information. See “Due Diligence in Africa: The Human Intelligence Factor” (Apr. 12, 2017).