Compliance Vendor Due Diligence Questionnaire

A Compliance Vendor Due Diligence Questionnaire is a document used to assess the compliance practices and risks associated with potential or existing vendors, suppliers, or business partners. Key features include:

1. Company information and background

2. Questions about the vendor’s compliance policies and procedures

3. Inquiries about past compliance issues or violations

4. Requests for documentation of compliance certifications or audits

5. Declarations regarding conflicts of interest or ethical practices

This questionnaire helps organizations evaluate the compliance risks associated with third-party relationships. It serves as a tool for gathering information to ensure that vendors meet the organization’s compliance standards and do not pose undue risks. The document typically covers areas such as anti-corruption, data privacy, environmental compliance, and labor practices. Responses to the questionnaire are often used in the vendor selection process and ongoing vendor management, helping to mitigate compliance risks in the supply chain or business partnerships.