The recent R400 million tender fraud case involving Eskom and Sasol in South Africa underscores the urgent need for thorough third-party screening and transparency in high-stakes partnerships. HLBNGA’s advanced screening solutions, including automated director verification and B-BBEE compliance monitoring, help businesses detect hidden risks, ensure regulatory compliance, and protect their reputation in South Africa’s complex market.

The recent Enviro Mobi tender scandal highlights the importance of thorough third-party screening. At HLBNGA, we’re enhancing our system by automatically pulling director information, ensuring businesses have full transparency and avoid the risks associated with undisclosed relationships and conflicts of interest."

Recent sanctions on Bidvest Bank and HSBC for non-compliance with the Financial Intelligence Centre Act highlight the critical importance of robust compliance systems. NGA offers solutions that help businesses stay compliant, avoid penalties, and protect their reputations through effective risk management strategies.

HLBNGA helps organizations in South Africa mitigate risks and avoid penalties under the Prevention and Combating of Corrupt Activities Act (PRECCA) by using advanced data analytics to monitor public media sources for potential signs of corruption. With proactive insights, businesses can ensure compliance and protect their reputations.

Balancing AI innovation with data privacy is crucial for the finance and healthcare sectors to ensure compliance.

HLBNGA’s innovative data solutions minimize false positives, reducing the time and cost associated with compliance investigations. Learn how better data quality drives business efficiency.

See how AI is revolutionizing third-party risk management with better data discovery and automated insights to enhance compliance and risk mitigation.

Explore how monitoring Relationship Mapping can uncover hidden risks in your database and protect your business from potential threats.

Behind the Blue Screen: The July 2024 CrowdStrike outage caused widespread disruptions, highlighting the critical importance of thorough third-party screening and ongoing monitoring. This incident underscores the need for businesses to maintain vigilant oversight of their vendors to safeguard against unexpected failures that can impact operations and reputation.