Provided by
PwC2023-02-01T05:09:00
Companies can’t do it all in terms of managing every risk from every possible third party. To begin, they must define their vision and strategy.
Experts speaking at Compliance Week’s Third-Party Risk Management (TPRM) and Oversight Summit in December shared best practices in areas including due diligence, sanctions risks, data analytics, and more. The key message: Understand your needs and communicate them clearly to your suppliers to ensure a healthy business relationship.
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Since Inauguration Day on Jan. 20, 2025, the Trump Administration has made it a priority to expand the list of designated Foreign Terrorist Organizations.
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European banks and financial institutions must prepare now for stringent new rules on third-party suppliers.
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New whistleblower award programs are in the works at U.S. agencies including the Department of Justice and Financial Crimes Enforcement Network, while key regulators in the United Kingdom have also expressed support for compensating individuals.
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