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Question 1 of 30
InnovTech Solutions, a rapidly growing technology firm, is expanding its operations into several new international markets known for higher levels of corruption. As the newly appointed compliance officer, Aaliyah Khan is tasked with implementing an anti-bribery management system (ABMS) based on ISO 37001:2016. The CEO, Javier Rodriguez, emphasizes the importance of not only complying with international regulations but also fostering a culture of ethical conduct throughout the organization. Aaliyah identifies that InnovTech relies heavily on third-party distributors and suppliers in these new markets. Considering the requirements of ISO 37001:2016 and the specific challenges of international expansion, which of the following actions should Aaliyah prioritize to most effectively mitigate bribery risks associated with these third-party relationships and ensure compliance with the standard, aligning with Javier\'s vision of an ethical corporate culture?
Implement a comprehensive due diligence process for all third parties, assessing their bribery risks based on factors like country corruption indices, business relationship nature, and existing anti-bribery controls; establish contractual safeguards and monitoring mechanisms; and ensure clear reporting channels and whistleblower protections.
Focus primarily on securing written assurances from all third parties that they will comply with InnovTech's anti-bribery policy, conduct random audits of a small percentage of third parties annually, and provide general anti-bribery training to InnovTech employees who interact with these third parties.
Rely on certifications and accreditations that third parties may have, such as ISO certifications, as sufficient evidence of their ethical conduct, and only conduct due diligence on third parties located in countries with the highest perceived levels of corruption according to Transparency International.
Delegate the responsibility for managing third-party bribery risks entirely to the legal department, tasking them with reviewing all third-party contracts for compliance with anti-bribery laws and regulations, and provide a one-time training session on anti-bribery to all employees.

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